Emirates NBD Economic Environment and Business Outlook

Executive Summary H1 23 Results AED AED Record profit of AED 12.3 bn in H1-23 on higher income & strong recoveries Record income of AED 21.3 bn in H1-23 on improved loan & deposit mix coupled with higher interest rates Deposits grew 11% by AED 53 bn, including AED 37 bn CASA growth Investment in technology and AI is propelling future business growth AED ($) Corporate Lending closing key deals across region leading to loan guidance revised positively upwards Key Metrics and Guidance Profit Income NIM AED 12.3 bn AED 21.3 bn 3.96% +130% +50% Guidance 3.8-4.0% Cost to Income LCR CET 1 25.6% Guidance ≤ 33% 217% 16.6% Solid balance sheet surpasses AED 800bn for the first time ever, with improvement in capital, liquidity and credit quality and strong profit remain core strengths of the Group NPL Cover 147% NPL ratio 5.6% Guidance -6% Cost of Risk 41 bp Guidance -50-70 bp Loan Growth 5% Guidance revised to high-single digit 17

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