Q3-15 Financial Results Highlights
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Net Interest Income
Highlights
Q3-15 NIMS declined marginally to 2.75%
-
Both Loan and deposit rates held steady against a 5bp
increase in average EIBOR rates
Treasury spreads improved as the rate on medium term
borrowings improved relative to EIBOR
Net Interest Margin (%)
Emirates NBD
2.95
2.91 2.90
2.83
2.83
2.83
2.80
2.76 2.75
2.78
2.85
2.77
2.76
2.75
Q3-15 YTD NIMS declined marginally to 2.80%
-
Loan spreads experienced downward pressure y-o-y across
a broad range of products
2.58
2.63
2.48
-
Deposit spreads improved y-o-y due to growth in low-cost
CASA replacing more expensive time deposits.
2.39
2.44
-
Treasury Spreads remained flat as cheaper short term
funding offset an increase in more expensive term funding
Guidance for 2015 NIMs unchanged at 2.7 - 2.8%
Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15
YTD NIM
Qtrly NIM
Net Interest Margin Drivers (%)
Q3-15 vs. Q2-15
Q3-15 YTD vs. Q3-14 YTD
2.83
2.76
(0.00)
2.80
0.02
2.75
0.00
(0.04)
0.03
(0.02)
(0.12)
0.09
Q2 15
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q3 15
Q3-14
YTD
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q3-15
YTD
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