Dubai Economic Update
Capital Adequacy
Highlights
" CAR declined 0.7% to 20.5% in 2011 from 19.8% in 2010 and T1 declined.
0.4% to 13.0% in 2011 from 12.6% in 2010
■ The impact of consolidation of Dubai Bank's good book RWA's was -98bps for
CAR and -62bps for T1
Capital Ratios - Basel II (AED billion)
19.8%
20.5%
18.7%
11.9%
12.6%
13.0%
10.5%
■
Tier 1 capital increased by AED 1.2 billion in 2011 due to net profit
generation partly offset by dividend paid in respect of 2010
8.4%
41.8
43.6
45.6
Risk Weighted Assets increased by 1% from AED 221 billion at end-2010 to
AED 222 billion at end-2011
25.3
15.2
15.9
16.7
4.9
26.6
27.7
28.9
20.4
Q4 08
Q4 09
Q4 10
Q4 11
T2
T1
-T1 %
CAR %
Note: Core Tier 1 Ratio as at FY 2011 is 11.2%
Risk Weighted Assets - Basel II (AED billion)
Capital Movement Schedule - Basel II (AED billion)
241.3
223.9
10.6
220.5
222.1
13.1
5.2
13.8
14.0
31 Dec 2010 to 31 Dec 2011
Capital as at 31 Dec 2010
Tier 1
Tier 2
Total
27.7
15.9
43.6
3.2
2.3
1.5
Net profits generated
2.5
2.5
FY 2010 dividend payable
(1.1)
(1.1)
225.4
207.6
204.4
206.5
Interest on T1 securities
Cumulative changes in FV
(0.3)
(0.3)
0.1
0.1
Redemption of T2 securities
(1.4)
(1.4)
Q4 08
Q4 09
Credit Risk
Q4 10
Q4 11
Change in general provisions
Other
2.2
2.2
0.1
(0.1)
Market Risk
Operational Risk
Capital as at 31 Dec 2011
28.9
16.7
45.6
Emirates NBD
22
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