Emirates NBD Investor Presentation

Credit quality improving with market leading coverage Impaired loans and allowances 6.4 6.1 5.8 6.0 5.6 37.9 37.7 29.5 28.3 26.6 37.9 27.3 39.4 26.2 Key Highlights NPL ratio improved by 0.4% to 5.6% in Q1-23 on continued strong writebacks and recoveries 39.8 . Coverage ratio strengthened 7% to 152% in Q1-23 - S1 coverage increased due to Turkish earthquake and higher rate environment overlay - S3 coverage increased to 98.7% as writeback and recoveries reduced impaired loan balances 2023 NPL guidance lowered to '-6%' and cost of risk guidance lowered to '50-70bp' on recoveries and pipeline 152 143 145 133 129 Q1-22 Q2-22 Impaired Loans (AED Bn) Coverage Ratio (%) Q3-22 Q4-22 Q1-23 Impairment Allowances (AED Bn) NPL Ratio (%) Coverage by Stage Stagewise ECL (AED bn) Total Gross Loans 1.2% 1.4% 26.8% 26.7% 39.4 39.8 FY-22 | AED 456 bn 4.8 5.7 Stage 1 87.7% 7.8 7.7 Stage 2 6.4% Stage 3 6.0% ■Stage 1 ■Stage 2 26.8 98.3% 98.7% 26.4 ■Stage 3 FY-22 Q1-23 FY-22 Q1-23 Q1-23 | AED 470 bn Stage 1 88.3% Stage 2 6.2% Stage 3 5.6% 22

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