Investor Presentation August/September 2009
Summary
Emirates NBD
■ Solid first half financial and operating performance
■ Total income grew 18% year on year to AED 5.5b
■ H1 2009 Net profit reached AED 2.1b, a reduction of 20% versus H1 2008
Credit quality remains healthy
Expected moderate increase in NPLs in H1 2009 to 1.56% from 0.95% in FY 2008
Capitalisation strengthened significantly; CAR at 19.0% & T1 at 12.1%
Liquidity has improved in H1 2009
■ H1 2009 annualised merger synergies achieved of AED 328m; ahead of FY 2009 target by 33%
Integration fully on track for targeted completion by end-2009
Emirates NBD has a clear plan to navigate through the current environment
Strategic imperatives include balance sheet optimisation, driving profitability and risk management
enhancement
■ At the same time, the Bank is taking steps to ensure it emerges stronger from the crisis
■ Growth of the UAE economy is expected to slow down to 0% in 2009
■ H1 2009 has witnessed some stabilisation in the environment. However, uncertainties remain and
Emirates NBD is retaining its cautious stance
■ Emirates NBD is well positioned to take advantage of attractive opportunities
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