Financial & Operating Performance
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Appendix
Strategy
Emirates NBD delivered a strong set of results in 2017
FY 2017 Key Metrics
FY 2017
v. 2017
Guidance
2018
Guidance
AED 8.35 Bn
Profit
Net profit
+15%
NIM
2018 Macro themes
Regional
2.47%
2.45 -2.50% 2.55-2.65%
•
Cost-to-
31.3%
33%
33%
income
Credit
NPL
6.2%
Quality
Improving
trend
Coverage
124.5%
Capital *
CET 1
16.4%
Tier 1
19.7%
CAR
22.0%
Liquidity
AD ratio
93.1%
90-100%
90-100%
LCR ratio
146.0%
Assets
Loan growth
5%
mid-single
digit
mid-single
digit
* Based on Basel III capital regulations
•
•
Emirates NBD
13
Resilience of UAE
•
economy
underpinned by
non-oil activity
growth
Higher growth in
GCC economies
Improving liquidity
Geo-politics within
GCC
Strong dollar
impact on Dubai
tourism
Introduction of VAT
Global
Emirates NBD's
balance sheet
positioned to benefit
from rising interest
rates
Improved banking
system liquidity to
support private
sector growth
Potential Euro area
volatility from
implementation of
Brexit and key
government
elections
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