Q3-15 Financial Results Highlights

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment Q3-15 YTD Financial Results Highlights Highlights Net profit of AED 4,990 Mn for Q3-15 YTD improved 27% y-o-y ⚫ Net interest income rose 8% y-o-y due to growth in Retail assets and a lower cost of funds • Non-interest income declined 7% y-o-y due to lower gains from the sale of properties and investments. However core fee income improved 14% y-o-y driven by growth in foreign exchange and derivative income, growing credit card volumes and higher asset management fees • Costs grew 5% y-o-y due to staff costs linked with rising business volumes and partially offset by a control on other costs Provisions of AED 2,808 Mn improved 27% y-o-y as cost of risk continues to normalize • AD ratio of 97.2% within management range demonstrates strong bank liquidity particularly during a challenging quarter for regional liquidity in the banking sector • NPL ratio improved to 7.1% and coverage ratio strengthened to 115.3% • NIMS declined marginally to 2.80% as downward pressure on loan spreads largely offset by growth in low-cost CASA deposits Individual figures may not add up to total due to rounding. Key Performance Indicators AED Mn Q3-15 YTD Q3-14 YTD Better/ (Worse) Net interest income Non-interest income 7,572 7,024 8% 3,583 3,863 (7%) Total income 11,155 10,887 2% Operating expenses (3,362) (3,212) (5%) Pre-impairment operating 7,793 7,675 2% profit Impairment allowances (2,808) (3,831) 27% Operating profit 4,985 3,844 30% Share of profits from 113 159 (29%) associates Taxation charge (108) (90) (21%) Net profit 4,990 3,913 27% Cost: income ratio (%) 30.1% 29.5% (0.6%) Net interest margin (%) 2.80% 2.83% (0.03%) AED Bn 30-Sep-15 31-Dec-14 % Total assets 390.4 363.0 8% Loans 261.6 246.0 6% Deposits 269.3 258.3 4% AD ratio (%) 97.2% 95.2% (2.0%) NPL ratio (%) 7.1% 7.9% 0.8% 13 Emirates NBD

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