Emirates NBD Financial Performance Q1 2020
Emirates NBD maintains strong balance sheet and good profitability despite increased
impairments in Q1-20
Key Metrics
Q1 2020
2020
Guidance
Net Profit
USD 0.6 Bn
+3% q-o-q
-24% y-o-y
Profit
NIM
3.02%
2.55-2.65%
Cost to income
29.8%
33%
NPL Ratio
5.5%
Increasing
Credit Quality
Coverage Ratio
120.5%
Strong
CET 1
14.8%
Capital
Tier 1
16.8%
CAR
17.9%
LCR
149.7%
Liquidity
ADR
94.8%
Increasing
mid-single
Assets
Loan Growth
1%
digit
2020 Macro themes
Regional
Global
• Strong regulatory
and government
support to mitigate
effects of COVID-19
•
Strong measures by
Governments and
Central Banks to
provide additional
liquidity and support
for businesses
affected by COVID-19
•
•
Unprecedented
economic impact
expected due to
COVID-19
Prolonged low oil
price and
contraction in
non-oil private
sector
• Sharp GDP contraction
expected in 2020
• Financial market
volatility and slowing
global trade
Financial & Operating Performance
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