60 Years Together

Credit quality improving with market leading coverage Impaired loans and allowances Key Highlights 6.1 5.8 6.0 5.6 5.6 . • 37.7 37.9 39.4 39.8 39.3 NPL ratio improved by 0.4% to 5.6% in H1-23 on strong writebacks and recoveries Coverage ratio strengthened 2% to 147% in H1-23 28.3 26.6 27.3 26.2 26.8 152 147 143 145 133 . - S1 coverage increased due to Turkish earthquake and higher rate environment overlay - S2 coverage increased to 28.4% - S3 coverage slightly lower as 95.8% as modest new inflow has lower initial coverage 2023 NPL guidance maintained at '-6%' and cost of risk guidance maintained at '50-70bp' Q2-22 Q3-22 ■Impaired Loans (AED Bn) --Coverage Ratio (%) Coverage by Stage Q4-22 Q1-23 Q2-23 Impairment Allowances (AED Bn) NPL Ratio (%) Stagewise ECL (AED bn) Total Gross Loans FY-22 | AED 456 bn Stage 1 87.7% 39.4 39.3 1.2% 26.8% 1.3% Stage 2 6.4% Stage 1 4.8 5.4 Stage 3 6.0% 28.4% 7.8 7.7 ■Stage 2 ■Stage 3 98.3% 95.8% 26.8 26.2 Q4-22 Q2-23 Q4-22 Q2-23 H1-23 | AED 479 bn Stage 1 88.7% Stage 2 5.7% Stage 3 5.6% 22

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