Emirates NBD Investor Presentation
Net Interest Income
■
Highlights
2011 NIM of 2.68% increased by 16 bps from 2.52% in 2010 due to:
-
Slightly higher loan spreads due to declining average Eibor rates during
2011
Positive impact in 2011 of downward re-pricing on deposits during H1
2011
offset by lower treasury spreads and impact of Dubai Bank consolidation in
Q4 2011
Net interest income grew 7% compared to last year to AED 7.3 billion due
to increased NIMS
Emirates NBD
Net Interest Margin Trends (%)
YTD NIM
3,01%
2.81%2.79% 2.81%
2.69%
2.63%
2.59%2.58% 2.56% 2.52%
2.47%
2.41%
2.21%
2.23%
2.11%2.09%
Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11
Net Interest Margin Drivers: FY 2011 vs. FY 2010 (%)
0.04%
2.52%
0.24%
(0.06%)
(0.03%)
2.68%
(0.03%)
2010
Loan
Spreads
Deposit
Spreads
Treasury Dubai Bank
Spreads
Other
2011
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