Emirates NBD Q1 2022 Financial Results
Non-funded income
Highlights
Income
Expenses
Risk
Capital
Liquidity
Macro
Divisional
Key Highlights
• Q1-22 fee and commission income 14% lower y-o-y mainly from
Turkish Lira depreciation, partially offset by higher income from
increased retail card business at ENBD
Other operating income up 30% y-o-y
Mainly due to higher Retail FX volumes and increased derivative
business as customers hedged against rising interest rates
75% of FX & Derivative income from ENBD
Other operating income lower q-o-q as Q4 includes Dubai Bank gain
Non-funded income (AED mn)
Q1-22
Q1-21
Better/
(Worse)
Q4-21
Better /
(Worse)
Fee and Commission income
1,527
1,767
(14)% 1,538
(1)%
Fee and Commission expense
(607)
(666)
9%
(736)
18%
•
Net Fee and Commission Income
920
1,101
(16)%
801
15%
Other operating income
Gain/loss on trading securities
Total Non-funded income
1,189
914
30%
1,378
(14)%
10
60
(83)%
13
(21)%
2,118
2,075
2%
2,193
(3)%
•
Fee and Commission Income (AED mn)
-14%
1,767
53
1.605
220
1,565
1,538
1,527
92
81
113
58
Brokerage & AM
227
192
192
198
Trade finance
914
585
1,494
1,286
1,293
1,232
1,271
Fee income
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
Other Operating Income (AED mn)
1,378
1,188
921
922
FX & Derivative
379
239
191
174
32
430
199
155
166
-8-
-23
28.
217
49.
Property & Other
Investment Sec.
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
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