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Investor Presentaiton

Financial results highlights Q4 2021 Highlights Income Expenses Risk Capital Liquidity Macro Divisional Better / Better / Income Statement (AED bn) Q4-21 Q4-20 Q3-21 (Worse) (Worse) Key Highlights Net interest income 4.3 4.0 7% 4.4 (3)% Non-funded income 2.2 0.9 146% 1.3 67% Total income 6.5 4.9 32% 5.8 13% • Net profit up 53% y-o-y with strong income momentum • Income up 32% y-o-y and 13% q-o-q on higher non-funded income Operating expenses (2.3) (2.0) (11)% (2.0) (16)% Pre-impairment operating profit 4.2 2.9 47% 3.8 12% - Increased transaction activity Growth in FX & Derivative income Impairment allowances (2.2) (1.6) (38)% (1.1) (97)% AED 0.3 bn gain relating to Dubai Bank Operating profit 2.1 1.3 58% 2.7 (23)% - Record CASA balances keeping funding costs stable Taxation charge and others (0.1) 0.0 (994)% (0.2) 72% . Expenses well controlled with Q4-21 CI ratio up due to seasonality Net profit 2.0 1.3 53% 2.5 Cost: income ratio (%) 34.8% 41.5% 6.7% 34.0% (20)% (0.8)% - Higher staff cost due to retail incentives and investment for future growth - Other costs up due to seasonality, campaigns and IT investment Net interest margin (%) 2.59% 2.42% 0.17% 2.65% (0.06)% • Q4-21 cost of risk of 172 bps with provisions of AED 2.2bn Balance Sheet (AED bn) 31-Dec-21 31-Dec-20 Inc / (Dec) 30-Sep-21 Inc/ (Dec) • Retail loan growth continued in Q4 2021 Total assets Loans 687.4 698.1 (2)% 699.1 (2)% Group maintains strong Capital and Liquidity 422.3 443.5 (5)% 438.3 (4)% Deposits 456.5 464.2 CET-1 (%) 15.1% LCR (%) 177.6% NPL ratio (%) 6.3% (2)% 15.0% 0.1% 165.0% 12.6% 6.2% 0.1% 466.5 (2)% 16.1% (1.0)% 157.2% 20.4% 6.2% 0.1% 14
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