Emirates NBD Financial Performance and Market Update
Emirates NBD
Divisional Performance
Wealth Management
Retail Banking &
Operating Environment
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Islamic Banking
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Revenues increased 7% y-o-y and declined 2% q-o-q
In Q2-17, fee income accounted for 33% of total
RBWM revenue
Loans grew 2% across a range of products particularly
mortgages; and deposits by 7% from end 2016
The bank continues to optimize its distribution network
with 580 ATMs and 94 branches as at 30-Jun-17
RBWM enhanced its digital banking leadership by
launching a new online platform featuring a rich user
interface, intuitive widgets and FaceBanking (video
banking facility). In May 2017, the bank launched
SkyShopper, an e-commerce platform enabling
shopping across multiple stores from the same portal
El well positioned after the 2016 business review as
reflected by the 182% increase in half-year net profit
Revenues declined 3% q-o-q and declined 6% y-o-y
Financing receivables declined 3% from end 2016 due
to a slowdown in new business as El tightened
underwriting standards
Customer accounts increased 2% from end 2016 as
El's focused approach to improve liabilities mix and
cost of funding led to a shift from expensive wakala
deposits to CASA balances. As at end Jun-17, CASA
represented 69% of El's customer deposits
As at 30-Jun-17, El had 63 branches and an ATM &
CDM network of 206
Balance Sheet Trends
Revenue Trends
AED Bn
+7%
AED Mn
+2%
-2%
152.1
141.6
1,670
1,629
1,522
625
539
583
38.7
39.4
940
1,045
1,090
Balance Sheet Trends
AED Bn
Q4-16
Q2-17
Q2 16
Q1 17
Q2 17
Loans
Deposits
NFI
NII
Revenue Trends
+2%
AED Mn
-3%
-3%
613
599
579
41.1
41.8
171
179
182
36.5
35.5
442
420
397
Q4-16
Q2-17
Q2 16
Q1 17
Q2 17
Financing receivables
NFI
NII
Customer accounts
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