Investor Presentation

Credit quality improving with market leading coverage Key Highlights Impaired loans and allowances 5.8 6.0 5.6 5.6 5.5 . 26.6 37.9 27.3 143 39.4 39.8 39.3 39.2 26.2 26.8 27.0 152 147 145 145 Q3-23 Impairment Allowances (AED Bn) NPL Ratio (%) Q3-22 Q4-22 Impaired Loans (AED Bn) Coverage Ratio (%) Q1-23 Q2-23 Coverage by Stage Stagewise ECL (AED bn) NPL ratio improved by 0.5% to 5.5% in 9M'23 on strong writebacks and recoveries Coverage ratio remained healthy at 145% in 9M'23 - S1 coverage increased due to Turkish earthquake and higher rate environment overlay - S2 coverage increased to 29.2% - S3 coverage slightly lower at 94.8% . 2023 cost of risk guidance maintained at ‘50-70bp' and NPL guidance revised to 'less than 6%' Total Gross Loans FY-22 | AED 456 bn 1.2% 26.8% Stage 1 87.7% 1.3% 39.4 39.2 Stage 1 Stage 2 6.4% 29.2% 4.8 5.7 7.8 Stage 3 6.0% ■Stage 2 7.5 98.3% 94.8% ■Stage 3 26.8 26.1 Q4-22 Q3-23 Q4-22 Q3-23 9M'23 | AED 494 bn Stage 1 89.4% Stage 2 5.2% Stage 3 5.5% 20 20

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