Emirates NBD Q1 2022 Financial Results
Credit quality
Impaired loans and allowances
6.1 36.1
28.9
•
6.3 36.4
6.2 37.1
6.3 37.2
6.4
37.9
•
29.7
29.2
29.2
29.5
126.7
127.5
125.1
122.5
128.5
•
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
Impaired Loans (AED Bn) *
Impairment Allowances (AED Bn)
NPL Ratio (%)
Coverage ratio (%)
Coverage by Stage**
Stagewise ECL (AED bn)
37.2
37.9
Stage 1
1.0%
22.2%
0.9%
3.8
3.8
Stage 1
22.0%
Stage 2
6.9
7.0
Stage 2
Stage 3
91.1%
92.6%
26.4
27.1
Stage 3
FY-21
Q1 22
FY-21
Q1 22
Highlights
Income
Expenses
Risk
Capital
Liquidity
Divisional
Key Highlights
NPL ratio increased marginally by 2 bps to 6.4% in Q1-22
Coverage ratio strengthened 1% to 128.5% in Q1-22
。 S3 coverage up to 92.6% on higher provisions during the quarter
o S1 and S2 coverage broadly stable
116 bps cost of risk back in middle of guidance range and below 2021 level of 124bp
•
AED 2.1 bn out of original AED 10.7 bn of deferral support remains outstanding
*Includes purchase originated credit impaired loans of AED 1.0bn (Dec-21: AED 1bn) acquired at fair value / **Stage 3 coverage adjusted for POCI acquired at FV
Total Gross Loans
Q1-22, AED 463bn
Stage 1
87%
87%
Stage 2
7%
FY-21
7%
AED 459n
6%
Stage 3
6%
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