UAE Economic and FY 2012 Financial Results Update
Non Interest Income
Emirates NBD
Highlights
FY 2012 Non interest income increased by 24% from FY 2011
Higher core fee income by 11%
Higher investment securities income by 158%
Higher property income of AED 93 million relative to negative
AED 250 million in 2011
FY 2012 Core gross fee income improved 12% due to
-
improvement in trade finance income (+9%)
improvement in fee income (+29%)
slight increase in forex, rates and other income (+1%)
AED million
Core gross fee income
Fee & commission expense
Composition of Non Interest Income
FY 12 FY 11 % Q4 12 Q3 12 %
2,778 2,489 +12%
647
644 +0%
Core fee income
Property income/(loss)
(146) (108) +36% (47)
2,632 2,381 +11% 600
93 (250) n/a
(42)
+13%
603
-0%
61
12
+391%
Investment securities
575 223 +158% 79
175
-55%
-
offset by decrease in brokerage and asset management fees (-
23%)
Other One-Off Income
0
-100% 0
Total Non Interest Income |3,300 2,672 | +24% 741 790
318
0
n/a
-6%
Core Gross Fee Income Trends (AED million)
Core Gross Fee Income Trends (AED million)
262
(33)
8
2,778
4,426
-37%
1,428
3,436
3,340
52
2,489
861
744
2,778
2,489
+12%
1,120
886
882
911
878
110
142
1,263
1,136
1,156
889
1,151
614
557
529
579
632
FY 08
FY 11
Trade
finance
Fee Income
Brokerage Forex, Rates
& AM fees & Other
FY 12
FY 09
Forex, Rates & Other
Brokerage & AM fees
FY 10
FY 11
FY 12
Fee Income
Trade finance
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