Investor Presentaiton
Net Interest Income
Emirates NBD
Highlights
NIMS were broadly stable in Q1 2014 vs. Q4 2013
and widened 36 bps from 2.39% in Q1 2013 to 2.75%
in Q1 2014
• Loan spreads improved due to a rise in retail volumes
coupled with increased margins from the Egyptian
business
Deposit spreads improved in Q1 2014 due to a
growing CASA balance driving down the cost of
funds.
• Guidance for NIMS in 2014 in the range of
2.6%
2.5-
Net Interest Margin (%)
2.63
2.83
2.76
2.75
2.63
2.47
2.48
2.45
2.56
2.42
2.39
2.35,
2.43
2.42
2.28
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14
Qtrly NIM
YTD NIM
Net Interest Margin Drivers (%)
Q1 2014 vs. Q1 2013
Q1 2014 vs. Q4 2013
2.75
0.22
0.02
(0.14)
0.33
2.76
0.02
(0.02)
2.39
(0.05)
(0.03)
2.75
Q1 13
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q1 14
Q4 13
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q1 14
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