UAE Economic and FY 2012 Financial Results Update
Summary
Profitability
Dividends
Income
• Net profit up 3% in 2012 from 2011 at AED 2.6 billion
Emirates NBD
• Dividend declared of AED 0.25 per share, an increase of 25% over 2011
• Top-line income trends up +3% in 2012 from 2011
Expenses
Credit Quality
Capitalisation and
Liquidity
Strategy
Outlook
• Operating expenses improved 2% y-o-y excluding Dubai Bank costs and will be
managed to a revised longer term cost income ratio target of 34%-35%
• NPL formation and provisioning trends in line with expectations
• NPL coverage improved by 6% during 2012
Capitalisation and liquidity continue to be extremely strong, offering resilience and
flexibility for the future
•
Significant progress made in achieving strategic imperatives
• Emirates NBD is well placed and has a clear strategy in place to take advantage of
the improving growth outlook
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