Emirates NBD Earnings Presentation
US$ convenience translation
Emirates NBD
Emirates NBD
Excluding DenizBank
DenizBank ✡
Income Statement
(All figures are in USD bn)
Net interest income
Non-funded income
Total income
Operating expenses
Pre-impairment
FY 22
FY 21
%A YOY
FY 22
%A YOY
FY 22
%A YOY
6.3
4.6
37%
4.3
34%
2.1
43%
2.5
1.9
35%
1.7
22%
0.8
70%
8.9
6.5
36%
6.0
31%
2.9
50%
(2.5)
(2.2)
16%
(1.9)
18%
(0.7)
11%
6.3
4.3
47%
4.1
38%
2.2
68%
operating profit
Impairment allowances
(1.4)
(1.6)
(12)%
(1.0)
9%
(0.5)
(37)%
Tax and others
(0.5)
(0.2)
214%
(0.1)
54%
(0.5)
267%
Profit after tax & before hyperinflation
4.4
2.5
73%
3.1
49%
1.3
185%
Hyperinflation adjustment
(0.8)
(0.8)
Net profit
3.5
2.5
40%
3.1
49%
0.4
(4)%
Cost: income ratio
28.5%
33.5%
(5.0)%
31.1%
(3.4)%
23.0%
(8.2)%
NIM
3.43%
2.53%
90 bps
2.77%
64 bps
6.81%
246 bps
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