Capital Adequacy and Divisional Performance
Funding and Liquidity
Highlights
Loan to Deposit Ratios (%)
Liquidity in the UAE banking system improved in 2009 primarily due to
initiatives taken by the UAE Ministry of Finance and UAE Central Bank
Funding remains stable and deposit mobilisation initiatives proved
successful
■ Continue to access stable interbank lines and source bilateral deposits
at attractive pricing
Liquidity backstop facilities of USD 5.4b unused
■ Access to wholesale funding remains challenging
term debt maturity profile is well within our funding capacity
total wholesale debt represents 8% of liabilities
repaid scheduled USD 1.6b in 2009 and USD 0.8b in Q1 2010
Composition of Liabilities (%)
Q4 2009
100% = USD 69.9b
Q1 2010
=
100% USD 67.7b
Headline LTD Ratio %
Adjusted LTD Ratio %
129%
126% 127%
122%
118%
119%
117%
118%
118%
111%
109% 109% 108%
103%
99%
100%
101%
102%
98%
98%
Q2 09
Q3 09
Q4 09
Q1 10
Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09
Note: Adjusted LTD ratio includes Debt Issued and Other Borrowed Funds, Sukuk Payable and Tier 1 Capital Notes in
the denominator
Maturity Profile: Debt Issued (USD million)
100% = USD 5.2b
Debt / Sukuk
Others
4%
Issued
10%
Banks
13%
Emirates NBD
Debt / Sukuk
Issued
8%
Others
4%
1,046
2,070
Banks
13%
823
823
Customer
deposits
73%
Customer
555
deposits
100
284
62
367
124
75%
2010
2011
2012
2013
2014
2015
2016
2017
2018
FY Q2
Q3 Q4
Note: Debt Issued includes EMTNs of USD 3.7b and syndicated borrowings from banks of USD 1.5b
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