UAE Economic and FY 2012 Financial Results Update
Divisional Performance (cont)
Global Markets & Treasury
Islamic Banking*
.
Emirates NBD
Revenue declined to AED 528 million in 2012 from
AED 678 million in 2011 driven by negative net
interest income despite higher non interest income
Tightening of spreads in regional credit produced
opportunities for the trading desk which resulted in a
good year for credit trading desk
Treasury Sales enjoyed a good year as volatility
returned to the FX markets which saw some hedging
interest from clients; the prevailing low interest rate
scenario attracted some interest rate hedging
activities as well
Revenue Trends
AED million
-22%
528
701
678
590
303
959
401
623
682
338
189
-34
78
-3
-431
Islamic Banking revenue jumped +99% y-o-y due
to higher net interest income and positive non interest
income (net of customers' share of profit)
.
Financing receivables rose 2% to AED 23.3 billion
from end-2011
Customer accounts reduced by 8% to AED 26.9
billion from end-2011
At end-2012, branches totaled 49 while the ATM &
SDM network totaled 165
*Includes Emirates Islamic Bank and Dubai Bank
2008
2009 2010 2011 2012
NFI
NII
Balance Sheet Trends*
AED billion
Revenue Trends*
AED million
+99%
+2%
1,187
29.2
26.9-
261
25.3
928
22.8 23.3
843
767
19.6 20.5
-8%
410
141
6'
595
17.9
18.0
15.9
927
703
706
667
518
2008 2009 2010 2011 2012
Loans
Deposits
-72
2008
2009
2010 2011 2012
NFI
NII
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