Emirates NBD Earnings Presentation
US$ convenience translation
Income Statement
(All figures are in USD bn)
Net interest income
Non-funded income
Total income
Q4-22
Q4-21
%ΔΥΟΥ
Q3-22
%A QOQ
2.1
1.2
78%
1.7
27%
0.6
0.6
(3)%
0.7
(12)%
2.7
1.8
50%
2.3
16%
Operating expenses
(0.8)
(0.6)
26%
(0.6)
23%
Pre-impairment operating profit
1.9
1.1
64%
1.7
13%
Impairment allowances
(0.5)
(0.6)
(12)%
(0.4)
40%
Tax and others
(0.1)
0.0
697%
(0.1)
7%
Profit after tax and before hyperinflation
1.3
0.5
128%
1.2
6%
Hyperinflation adjustment
(0.2)
(0.1)
28%
Net profit
1.1
0.5
94%
1.0
Cost: income ratio
29.10%
34.8%
(5.7)%
27.4%
3%
1.7%
NIM
4.40%
2.59%
181 bps
3.57%
83 bps
Balance Sheet
31-Dec-22
31-Dec-21
%A
30-Sep-22
%A
(All figures are in USD bn)
Total assets
202
187
8%
196
3%
Loans (excluding Sovereign)
93
84
12%
93
Sovereign lending
31
41
(27)%
31
(1)%
Total Gross Loans
124
125
(1)%
125
Deposits
137
124
10%
131
5%
CET-1 (%)
15.4%
15.1%
0.3%
15.5%
(0.1)%
LCR (%)
182%
178%
4%
152%
30%
NPL ratio (%)
6.0%
6.3%
(0.3)%
5.8%
0.2%
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