Emirates NBD Q1 2022 Financial Results
Net interest income
2.47
2017
2.82
2.89
Net Interest Margin (%)
Quarterly NIM
YTD NIM
2.65
2.65
Highlights
Income
Expenses
Risk
Capital
Liquidity
Divisional
•
Key Highlights
Q1-22 NIM up 14 bps y-o-y on improved loan and deposit mix
-
-
Loan yields up 5 bps on higher retail balances
Deposit costs improved 9 bps on higher CASA balances
• Q1-22 NIM broadly flat q-o-q with contribution from expected rate rises
yet to fully come through
2022 guidance revised up 15bp to 2.70-2.80% incorporating anticipated
rate rises
Balance sheet very well positioned to benefit from rate rises.
2.46
2.45
2.42
2.59
2.60
2.51
2.60
2.53
2.44
2018
2019
2020
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
-
NIM drivers Q1-22 vs Q4-21 (%)
2.59
0.01
0.04
0.42
(0.02)
2.62
(0.02)
NIM Drivers Q1-22 vs Q1-21 (%)
2.60
0.09
2.46
0.05
0.38
(0.01)
2.59
0.01
DO
2.17
2.08
2.60
Q4 21 Loan Yield Deposit Treasury
ENBD DenizBank Q1 22
Q1 21 Loan Yield Deposit Treasury
ENBD DenizBank
Q1 22
Cost
& Other Ex-Deniz
Cost
& Other Ex-Deniz
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