Emirates NBD Financial Performance Q1 2020
Non-interest income
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Highlights
Core fee income up 46% y-o-y due to the DenizBank acquisition
Investment securities income declined 36% y-o-y mainly due to
changing interest rates
Non-interest income higher by 8% q-o-q mainly on account of
higher derivative income
Excluding DenizBank, non-interest income declined 4% y-o-y
on account of lower fee, commission and investment securities
related income
Composition of Non Interest Income (USD Mn)
Better/
USD Mn
Q1-20
Q1-19
(Worse)
Core gross fee income
695
448
55%
Fees & commission expense
(164)
(86)
(92)%
Core fee income
531
362
46%
Property income/(loss)
(11)
(22)
48%
Investment securities & other income
12
18
(36)%
Total Non Interest Income
531
359
48%
Trend in Core Gross Fee Income (USD Mn)
+55%
+5%
695
659
620
120
159
12
448
450
220
209
13
14
161
157
11
11-
435
386
388
231
241
45.
42.
Q1 19
Q2 19
63
93
84
Q3 19
Q4 19
Q1 20
Forex, Rates & Other
Brokerage & AM fees
Fee Income
Trade finance
Financial & Operating Performance
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