Building the Bank of The Future

NIMs: optimising low cost of funds Net Interest Margin (%) -o-Quarterly NIM YTD NIM 4.40 4.05 3.96 4.08 3.95 4.05 4.00 3.87 3.81 3.43 Fed Funds Upper Bound 5.50% 2.89 2.65 2.53 1.75% 0.25% 0.25% 4.50% 5.00% 5.25% 5.50% 2019 2020 2021 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 • Key Highlights Emirates NBD 60 years together 1601 FY23 NIM up 52 bps y-o-y due to improved loan mix & favourable low-cost deposit base and higher interest rates Q4-23 NIM down 27 bps q-o-q on higher funding costs at ENBD and DenizBank from interest rate increases 2024 NIM guidance maintained at 3.8-4.0% over market uncertainty in U.S. interest rate outlook, compensating impact from deposit mix and potential upside from DenizBank NIMS NIM drivers FY'23 vs FY'22 (%) 3.43 2.59 (1.04) (0.54) (0.49) 3.95 NIM drivers Q4-23 vs Q3-23 (%) 0.11 4.08 3.81 (0.23) (0.15) FY'22 Loan Yield Deposit Cost Treasury & Other DenizBank FY'23 Q3-23 Loan Yield Deposit Cost Treasury DenizBank Q4-23 & Other 18

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