UAE Economic Update

Summary Emirates NBD Profitability • Net profit improved significantly q-o-q and y-o-y by 34% and 31% respectively to AED 837 million Income CI Ratio Credit Quality Capitalisation and Liquidity . Strategy Top-line trends stable q-o-q and y-o-y • Cost to Income ratio has improved q-o-q and y-o-y from 38.2% and 35.1% respectively to 34.6% • NPL coverage improved by 2% during Q1 2013 Capitalisation and liquidity continue to be extremely strong, offering resilience and flexibility for the future Significant progress made in achieving strategic imperatives Outlook Emirates NBD is well placed and has a clear strategy in place to take advantage of the improving growth outlook 33 33

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