Investor Presentaiton
Net Interest Income
Highlights
NIMs improved 3 bps in Q2-14 and improved 33 bps from 2.44% in
H1-13 to 2.77% in H1-14
Emirates NBD
Net Interest Margin (%)
2.83
2.78
2.76
2.75
2.77
•
Loan spreads improved in Q2 and year-on-year due to growth in
balances of higher yielding retail and Islamic assets
2.62
Treasury spreads improved y-o-y due to strong investment
performance coupled with cheaper cost of wholesale funding
2.47
2.48
2.58
2.45
2.42
☐
2.39
2.35
The benefit from growth in CASA has been offset by a drop in
interest rates
2.43
2.44
2.28
2014 NIM guidance revised upwards from 2.5-2.6% to
due to successful balance sheet optimisation
2.7-2.8%
Net Interest Margin Drivers (%)
Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14
Qtrly NIM
YTD NIM
Q2-14 vs. Q1-14
H1-14 vs. H1-13
2.77
0.00
2.78
0.00
0.17
0.04
(0.01)
(0.07)
0.24
2.75
2.44
(0.01)
Q1 14
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q2 14
Q2 13
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q2 14
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