Emirates NBD Investor Presentation H1 2021
Impairment allowances and Stage 1, 2 and 3 Coverage
Highlights
•
Stage 1 coverage ratio reduced to 0.9%, or USD 1.0 bn of impairment allowances, due to
a combination of improved MEVS and stage migrations
Impairment allowances and Coverage %
Stage 1
Stage 2
Stage 3
ECL Allowances (USD billion)
*ECL to Loan Coverage %
.
Stage 2 impairment allowances boosted to USD 1.8bn, strengthening the coverage ratio
to 21.9%, while Stage 2 loans increased with stage migrations in H1-21
9.9
9.5
1.0
.
Stage 3 impairment allowances boosted to USD 6.8bn, strengthening the coverage ratio
to 88.4% as NPL ratio increased 0.1% to 6.3% during H1-21 due to stage migrations
• The Bank has supported 120,328 customers with USD 2.9 billion of deferrals, of which
USD 1.9 billion has been repaid, resulting in net support of USD 1 billion as at 30-Jun-21
⚫ UAE customers continue to repay support demonstrating improving business sentiment
1.2
1.1
21.1
0.9-
21.9
1.9
1.6
85.7
88.4
6.7
7.0
UAE Customers receiving payment deferrals (USD billion)
FY-20
H1-21
FY-20
H1-21
Total Gross Loans
FY-20 (USD 130bn)
H1-21 (USD 129bn)
2.9
2.8
2.5
2.3
2.3
0.5
1.5
1.1
1.9
6%
7%
88%
87%
6%
6%
1.8
1.4
1.3
1.0
Q1 21
Q2 21
Q2 20
Q3 20
Q4 20
Repayment
Existing Support
*Stage 3 coverage adjusted for purchase originated credit impaired loans acquired at fair value
Stage 1
Stage 2
Stage 3
Financial and Operating Performance
20
20View entire presentation