Investor Presentaiton
Egyptian Business Overview
Highlights
Financials
Emirates NBD
•
•
Full service commercial banking platform:
•
•
Corporate Banking: focused on large corporate and MNCs;
serves c.4,000 clients
Retail Banking: High growth segment; serves c.246,000 clients
Wide presence in Egypt through 72 branches and 185 ATMs
Financially sound with robust profitability and a healthy balance
sheet
AED Mn
Year 2013
(from 9-June-13)
H1-14
Net interest income
225
222
Non-interest income
133
104
Total income
358
326
•
Improving Cost to Income Ratio
Operating expenses
(193)
(158)
Pre-impairment operating profit
165
168
Impairment allowances
(22)
(14)
Net Loans
Deposits
Operating profit
143
154
100%
= AED 3.7 Bn
100% AED 9.1 Bn
Taxation charge
(30)
(51)
Other
Net profit
113
103
1%
Time
AED Bn
31-Dec-13
30-Jun-2014
32%
45% Retail
Net Loans
3.7
3.5
55%
67%
Deposits
9.0
9.1
Corporate
CASA
Impaired Loan Ratio (%)
0.2%
0.5%
Cost to Income Ratio (%)
53.8%
48.0%
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