Investor Presentaiton
9
VICE CHAIRMAN AND
MANAGING DIRECTOR'S
MESSAGE
Emirates NBD delivered a strong performance in
2022, achieving a 40% y-o-y increase in net profit to
AED 13 billion.
International growth and diversification remains
among the core pillars of Emirates NBD's strategy
with international revenue now representing 39% of
total revenue. In 2022, we continued to capitalise on
key opportunities across our unique network. We
expanded our footprint in India with the opening of
two new full-service branches in Gurugram and
Chennai, affirming the Group's commitment to India
as a key growth market, cementing the strong
bilateral ties with the UAE.
A key imperative for 2023 is to maintain business
momentum across international markets and manage
risk factors as global macroeconomic challenges
continue to unfold. The Group will continue to expand
its footprint in Egypt and the Kingdom of Saudi Arabia,
while further developing competitive niches in
Turkey, the United Kingdom, Singapore and India.
Staying true to our vision to be the most innovative
bank for our customers, people and communities, the
Bank introduced a host of products and services
through the year. Emirates NBD announced its foray
into the payments space by collaborating with the
UAE's largest payments company, Network
International, to launch Emirates NBD Pay, offering
merchant acquiring services to its institutional clients.
Reaffirming Emirates NBD's commitment to
innovation and reinforcing its position as a regional
leader in digital banking, we built the MENA region's
most comprehensive and ready-to-use financial
Application Programme Interface (API) developer
portal for FinTechs, developers and corporate clients
to rapidly develop cutting-edge financial solutions
within an all-in-one ecosystem. The Bank also
launched a global accelerator programme for
metaverse start-ups to build customer propositions
for the new virtual economy.
As a leading local bank, Emirates NBD continues to
work hand-in-hand with the UAE government and
contribute to the long-term economic development
of the region. In alignment with the UAE government's
National Strategy for Artificial Intelligence (AI) 2031,
we launched the 'National Digital Talent Program',
which aims at developing a world-class national
workforce proficient in AI and related technologies.
The Bank signed a memorandum of understanding
with partners including Higher Colleges of Technology
and University of Sharjah, to nurture a talent pool of
UAE Nationals in the coming years.
In closing, I would like to thank our Chairman,
H.H. Sheikh Ahmed Bin Saeed Al Maktoum, the Board of
Directors and the senior management team, as well as
the Emirates NBD staff for all their contributions and
hard work as we close another successful year. We look
forward to another year of notable developments ahead.
Emirates NBD
Looking to the Future
with Confidence
HESHAM ABDULLA AL QASSIM
VICE CHAIRMAN AND MANAGING DIRECTOR
EMIRATES NBD
ANNUAL REPORT 20
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