Credit Quality and Financial Performance
Funding and Liquidity
Highlights
■
Liquidity continued to improve with headline LTD ratio of 92% at Q1 2011
Loan to Deposit Ratios (%)
■ Target headline LTD ratio of 95%-100% for 2011
129%
126% 127%
Headline LTD Ratio %
Adjusted LTD Ratio %
122%
■
Liquid assets of USD 18.0 billion as at 31 March 2011 (22% of total assets);
USD 12.8 billion (15.6% of total assets) after netting of interbank liabilities
117%
119%
118% 118%
111%
Backstop facilities of USD 11 billion unused
Debt maturity profile well within existing funding capacity
103%
101%
99%
O
total wholesale debt represents 8% of liabilities
О
net reduction in debt outstanding of USD 1.3b in 2010
○
109% 109% 108%
103%
100%
101% 102%
98%
98%
92%
90%
88%
82%
92%
raised over USD 800 million from securitisation structures in 2010
Liquid Assets: Q1 2011
Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
Note: Adjusted LTD ratio includes Debt Issued and Other Borrowed Funds, Sukuk Payable and Tier 1 Capital Notes in
the denominator
Q1 2011 Maturity Profile: Debt Issued (USD million)
100% USD 5.2b
=
22.0%
18.0
15.6%
12.8
1,060
2,187
Liquid Assets
Net Liquid Assets
66
521
514
282
366
247
2011
2012
2013 2014
2015
2016
2017
2018 2019
2020
USD billion
--% age of Total Assets (%)
Note: Debt Issued includes EMTNs of USD 3.7b and syndicated borrowings from banks of USD 1.5b
Emirates NBD
20
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