Strategic Imperatives and Financial Overview
Funding and Liquidity
Highlights
Liquidity continues to improve and deposit mobilisation initiatives
proved successful; headline LTD ratio 99% at end-2010
Liquidity backstop facilities of AED 39.3b unused; net liquid assets of
AED 31.8b at end-2010 vs. AED 3.9b liability position at end-2009
■ Access to wholesale funding remained challenging during 2010 :
improvement in debt markets seen recently
term debt maturity profile well within funding capacity ; total
wholesale debt represents 8% of liabilities
net reduction in debt outstanding of AED 4.7b in 2010
completed AED 857m auto loan securitisation in Q3 2010
raised AED 2,193m from long-term corporate loan repurchase
transaction in Q4 2010
Composition of Liabilities (%)
2009
=
100% AED 249.6b
Loan to Deposit Ratios (%)
Headline LTD Ratio %
-Adjusted LTD Ratio %
129%
126% 127%
122%
119%
117%
118% 118%
111%
103%
101%
99%
109% 109%
108%
103%
100%
101% 102%
98%
98%
92%
90%
88%
Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10
Note: Adjusted LTD ratio includes Debt Issued and Other Borrowed Funds, Sukuk Payable and Tier 1 Capital Notes in
the denominator
Maturity Profile: Debt Issued (AED million)
100% AED 19.4b
=
Debt / Sukuk
Others
4%
Issued
10%
Banks
13%
Emirates NBD
Customer
deposits
73%
2010
=
100% AED 252.5b
Debt / Sukuk
Others.
5%
Issued
8%
Banks
8%
3,799
Customer
deposits
79%
8,051
2,193
244
1,892
1,036
1,344
857
2011
2012
2013 2014 2015 2016 2017
2018
2019
2020
Note: Debt Issued includes EMTNs of AED 13.6b and syndicated borrowings from banks of AED 5.5b
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