Credit Quality Overview
Egyptian Business Overview
Highlights
Financials
Emirates NBD
Full service commercial banking platform:
AED Mn
Year 2013
(from 09-June-13)
Q3-14 YTD
•
Corporate Banking: focused on large corporate and MNCs;
serves c.4,000 clients
Net interest income
225
347
•
Retail Banking: High growth segment; serves c.246,000
clients
Wide presence in Egypt through 62 branches and 187 ATMs
• Financially sound with robust profitability and a healthy balance
sheet
Improving Cost to Income Ratio
Non-interest income
133
159
Total income
358
506
Operating expenses
(193)
(243)
Pre-impairment operating profit
165
263
Impairment allowances
(22)
(22)
Net Loans
100% = AED 3.5 Bn
Deposits
100% AED 9.6 Bn
Operating profit
143
241
Taxation charge
(30)
(74)
Net profit
113
167
Other
1%
AED Bn
31-Dec-13
30-Sep-14
Retail 47%
53% Corporate
Time 46%
Net Loans
3.7
3.5
53% CASA
Deposits
9.0
9.6
Impaired Loan Ratio (%)
0.2%
0.52%
Cost to Income Ratio (%)
53.8%
48.1%
26View entire presentation