Q3 2023 Results Presentation

AED 17.5 bn record profit rises 92% y-o-y on strong diversified income growth and healthy recoveries Income Statement 9M'23 9M'22 %ΔΥΟΥ Q3-23 %A YOY %A QOQ (All figures are in AED bn) Key Highlights Net interest income 22.3 15.5 43% 7.8 29% 8% Non-funded income 10.5 7.2 46% 3.6 49% 0% Total income 32.7 22.7 44% 11.4 35% 6% Operating expenses (8.4) (6.4) 31% (2.9) 24% 3% Operating profit 24.4 16.3 50% 8.5 39% 7% before impairment Impairment allowances (1.5) (3.3) (54)% (0.6) (60)% 16% Profit before tax & others 22.9 13.0 75% 8.0 67% 6% Hyperinflation adjustment (3.2) (2.4) 31% (1.8) 236% Tax (2.2) (1.5) 44% (0.9) 102% 248% 22% Profit 17.5 9.1 92% 5.2 38% (16)% Cost: income ratio 25.5% 28.2% (2.7)% 25.3% NIM 4.00% 3.10% 90 bps 4.08% (1.9)% 51 bps (0.7)% 21 bps Balance Sheet 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QOQ Total Assets 836 742 13% 811 3% Total Gross Loans 494 456 8% 479 3% Deposits 570 503 13% 556 3% CET-1 16.9% 15.4% 1.5% 16.6% 0.3% LCR 190% 182% 8% 217% (27)% NPL ratio 5.5% 6.0% (0.5)% 5.6% (0.1)% Group profit up 92% on strong diversified income growth and healthy recoveries - ENBD income higher from balance sheet growth, improving loan and stable funding mix, increased margins and higher transaction volumes - DeinzBank non-funded income higher in 9M'23 from higher customer transaction volumes and margins, hedges and swaps; Q3-23 net interest income higher due to wider margins, loan growth, CPI-linked income and indexation NIMs at top-end of guidance as higher funding cost at ENBD offset by wider DenizBank margins Cost of risk remained low in 9M'23 at 42 bp on strong recoveries and robust operating environment 13% balance sheet growth to AED 835 bn AED 33 bn CASA growth with limited migration to Fixed Deposits in Q3 Corporate lending closing landmark deals across region and Retail lending continuing strong growth momentum AED 1.9 bn profit contribution from DenizBank despite challenging operating environment Higher income enables accelerated investment in digital, AI and international expansion propelling future business growth 3

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