Investor Presentaiton
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Net Interest Income
Emirates NBD
Highlights
NIMs steady in Q1-15 vs. Q4-14 at 2.90% and widened
15 bps vs. Q1-14
• Loan spreads declined marginally q-o-q and improved
6 bps y-o-y due to higher yielding Islamic products and time
loans
.
Deposit spreads improved 2bps q-o-q supported by CASA
growth and improved 9 bps y-o-y due to CASA growth and
repayment of MOF Tier 2 deposits in 2014
Treasury spreads increased by 2bps q-o-q as interest
earned from bank placements more than offset the higher
cost of term debt
Guidance for NIMS in 2015 in the range of 2.7 -2.8%
Net Interest Margin (%)
2.95
2.91
2.90
2.83
2.85'
2.83
2.78
2.76
2.75
2.77
2.63
2.48
2.58
2.39
2.44
Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15
Qtrly NIM
YTD NIM
Net Interest Margin Drivers (%)
2.91
Q1-15 vs. Q4-14
Q1-15 vs. Q1-14
2.90
0.02
0.04
(0.03)
0.09
0.02
2.90
(0.04)
(0.01)
2.75
0.06
Q4 14
Loan Deposit Treasury Other Q1 15
Spreads Spreads Spreads
Q1 14
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q1 15
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