Credit Quality Overview

Q3-14 Financial Results Highlights Emirates NBD y-o-y y-o-y Highlights Net profit of AED 1,563 Mn for Q3 improved 102% y-o-y and 20% q-o-q Net interest income rose 9% y-o-y helped by an improved asset mix due to retail and Islamic growth, a lower cost of funds helped by both CASA growth and repayment of MOF Tier 2 deposit Non-interest income improved 55% boosted by foreign exchange and derivative income and gains from the sale of investments and property Cost to income ratio improved 5.6% to 27.9%. Excluding one-offs, cost to income ratio was 31.4%. Costs increased 2% y-o-y linked with rising business volumes and partially offset by a control of other costs NPL ratio improved by 0.9% during Q3 to 12.6% as net impaired loans decreased by AED 1.4 Bn due to a sharp rise in repayments and recoveries Provisions of AED 1,219 Mn boosted the coverage ratio by 5.6% q-o-q to 70.3% AD ratio of 99.2% within 90-100% management range (97.3% excluding IPO leverage settled subsequent to Q3-14) NIMs improved 12 bps y-o-y to 2.95% due to improving asset and deposit mix Key Performance Indicators Better/ Better / AED Mn Q3-14 Q3-13 Q2-14 (Worse) (Worse) Net interest income 2,465 2,254 9% 2,327 6% Non-interest income Total income 1,380 891 55% 1,382 (0%) 3,845 3,145 22% 3,709 4% Operating expenses (1,075) (1,053) (2%) (1,087) 1% Pre-impairment 2,770 2,091 32% 2,622 6% operating profit Impairment allowances Operating profit Share of profits from associates (1,219) 1,552 (1,515) 20% 576 (1,345) 9% 169% 1,276 22% 38 34 10% 60 (37%) Gain on disposal of stake in associates/subsidiaries Taxation charge 191 (100%) n/a (27) (26) (3%) (29) 7% Net profit 1,563 775 102% 1,308 20% Cost: income ratio (%) 27.9% 33.5% 5.6% 29.3% 1.4% Net interest margin (%) 2.95% 2.83% 0.12% 2.78% 0.17% AED Bn 30-Sep-14 31-Dec-13 % 30-Jun-14 % Total assets 353.9 342.1 3% 348.3 2% Loans 247.7 238.3 4% 241.8 2% Deposits 249.7 239.6 4% 252.9 (1%) 16

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