Emirates NBD 2014 Achievements and Strategic Update
Summary
Emirates NBD
Profitability
Credit Quality
Provisions
CI Ratio
• Pre-impairment operating profit of AED 10.1 Bn in FY-14, up 31% y-o-y
• Net profit of AED 5.1 Bn for FY-14 improved 58% y-o-y
• NPL ratio improved significantly to 7.8% in 2014 due to reclassification of DW
exposure, write-off of fully provided Retail loans and strong recoveries
• Net impairment allowances of AED 5 Bn in 2014 have boosted the coverage ratio to
100.3%, reaching management target
• Cost to Income ratio improved by 5.0% y-o-y to 30.4% in FY-14
Income
Net Interest Margin
Capital and
Liquidity
Outlook
• Total income improved 22% y-o-y to AED 14.4 Bn helped by an improving asset mix,
efficient funding & capital base and strong fee income
• NIMs improved to 2.85% in FY-14
• Capital and liquidity extremely strong offering resilience for the future
• Tier 1 ratio improved by 2.7% to 18.0% and AD ratio improved by 4.3% to 95.2%
The Bank will continue to implement its successful strategy and consolidate its
position as a dominant player in the UAE and the region
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