Investor Presentaiton
Outlook
Emirates NBD
The UAE economy proved relatively resilient to global and regional developments in 2011, with estimated
GDP growth of 4.6% for the year on the back of higher oil production and improving trends in non-oil trade and
tourism
During Q1 2012 the UAE economy continued to display resiliency and modest growth with oil output rising 3.5%
and modest private sector expansion, particularly in Dubai's traditional trade, logistics, tourism and retail sales
sectors
■ For the remainder of 2012 the external environment remains challenging in the context of weaker expected
global growth resulting from recessionary risks in the Eurozone, downgrades to US growth and an expected
slowdown in Asia
Nevertheless, the UAE remains well-positioned to enjoy modest GDP growth of 2.5% in 2012 underpinned by
supportive fiscal policy
Despite a cautious and uncertain outlook, Emirates NBD is resilient and well placed to take advantage of
growth opportunities in selected areas
Capitalisation and liquidity continue to be extremely strong, offering resilience and flexibility for the future
O Significantly de-risked and strengthened balance sheet offers strong platform for capturing future growth
opportunities
O
The Bank has a clear strategy in place and is focused on relentless execution
Emirates NBD
38View entire presentation