Emirates NBD Digital Banking Innovation Update
Executive Summary 9M'22 Results
Key Highlights
AED
Strong momentum continues with 9M'22 profit up 25% to
AED 9.1bn, almost at 2021 full-year profit level
G Quarterly profit exceeds $1 billion equivalent
AED
Income 31% higher driven by improved loan & deposit mix
coupled with higher interest rates
Key Metrics and Guidance
Net Profit
AED 9.1bn
+25% y-o-y
NIM
3.10%
2022 guidance: 3.20-3.30%
CET 1
15.5%
LCR
152.2%
10
AED
Strong new lending from retail and corporate customers
International contributes 40% of diversified income, with
DenizBank delivering strong customer income growth
Solid balance sheet and strong operating profit remain core
strengths of the Group
Cost to Income
28.2%
2022 guidance: Within 33%
NPL
5.8%
2022 guidance: < mid 6%
Loan Growth
(1)% in 9M'22
2022 guidance: Low-single digit
NPL Cover
142.6%
2022 CoR guidance: 100-125 bps
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