Emirates Nbd Bank (p.j.s.c) · DFM:EMIRATESNBD
Emirates Nbd Bank (p.j.s.c) — Emirates NBD — Q1 2026 Earnings Presentation
17 slides from Emirates Nbd Bank (p.j.s.c)'s earnings presentation, Apr 23, 2026
Slide 1: Results Presentation First Quarter 2026
Results Presentation First Quarter 2026 23rd April 2026
Slide 2: Important Information
1 Important Information Disclaimer The material in this presentation is general background information about That could cause actual results, and the Group’s plans and objectives, Emirates NBD's activities current at the date of the presentation. It is information to differ materially from those exp
Slide 3: Executive summary Q1-26 Results, key metrics and guidance
2 Executive summary Q1-26 Results Key metrics and guidance 21% higher income yoy AED 10.2bn operating Income Profit profit driven by double Profit propelled by strong loan before tax growth, resilient margins digit income growth with positive jaws and record non-funded income growth 14.4bn 8.2bn 6.4
Slide 4: AED 8.2bn profit before tax, up 6% yoy and 28% qoq
3 AED 8.2bn profit before tax, up 6% yoy and 28% qoq, driven by strong balance sheet growth, resilient margins and record NFI growth Income statement Q1-26 Q1-25 %∆ YoY Q4-25 %∆ QoQ (AED bn) • Income grew 21% yoy to AED 14.4bn driven by Net interest income 9.5 8.5 12% 9.7 (2)% o NII up 12% yoy to AE
Slide 5: Margins remain resilient supported by strong margins in Türkiye
4 Margins remain resilient supported by strong margins in Türkiye Net interest margin (%) • Q1-26 NIM at 3.35% remains resilient qoq, supported by expanding margins in Türkiye Quarterly NIM Ytd NIM • ENBD (ex. Deniz) NIMs remained resilient at 2.70% in Q1-26, declining qoq with the flow through impa
Slide 6: Strong growth across products and segments driving record non-funded income growth
5 Strong growth across products and segments driving record non- funded income growth Non-funded income • Strong broad-based non-funded income, up 42% yoy and 65% qoq driven by Q1-26 Q1-25 %∆YoY Q4-25 %∆QoQ (AED mn) strong growth across all segments and diversified product offerings Fee and commissi
Slide 7: Well diversified record loan growth supported by strong deposit growth
6 Well diversified record loan growth supported by strong deposit growth • Loans up 7% by AED 45bn in Q1-26 on very strong underlying growth Gross loans by type (AED bn) 7% – Retail lending up AED 9bn (5%) in Q1-26 with AED 20bn of new originations – C&IB lending up AED 32bn (9%) in Q1-26 with AED 4
Slide 8: Robust credit quality with solid coverage ratios
7 Robust credit quality with solid coverage ratios • NPL ratio improved to 2.3% in Q1-26, well within guidance of c. 2.5% Impaired loans and allowances • Impairment allowance of AED 0.8bn, primarily driven by prudent provisioning NPLs 3.1% 2.8% 2.5% 2.4% 2.3% across Denizbank and Emirates NBD, parti
Slide 9: Cost to income ratio well within guidance
Cost to income ratio well within guidance as investments in digital & 8 international network delivering strong business & income growth Cost to income ratio (%) • Cost to income ratio guidance for 2026 maintained at ≤33% 33.0% • Q1 2026 cost to income ratio at 29.2% comfortably within the guidance
Slide 10: Funding & liquidity are key strengths of the Group
9 Funding & liquidity are key strengths of the Group • LCR of 141% and ADR of 82% demonstrating robust liquidity Advances to deposit and liquidity coverage ratio (%) 90 • Liquid assets * of AED 123.1bn cover 11% of total liabilities and 15% of total deposits ADR % LCR % 220 184 185 • Customer deposi
Slide 11: Healthy CET-1 ratio at 14.2% supporting strong asset growth momentum
10 Healthy Common Equity Tier 1 (CET-1) ratio at 14.2% supporting strong asset growth momentum Capital progression • 14.2% CET-1 ratio remains very strong as retained earnings offset 6% growth in RWAs (AED bn) 9.6 143.6 • Capital ratios well above CBUAE minimum requirements 9.1 o CET-1: 11.07%, T1:
Slide 12: Divisional performance
11 Divisional performance Operating Segment Metrics Q1-26 Q1-25 %∆ YoY Retail Banking and Wealth Management delivered record operating profit of AED 3.8bn, driven by Income 5,320 4,692 13% strong income growth and cost discipline – 13% income growth, with record non funded income, driven by 56% grow
Slide 13: Appendix
Proud of UAE SllLovl guygr6 Appendix
Slide 14: Financial results Q1-26
13 Financial results Q1-26 Excluding DenizBank Income statement Q1-26 Q1-25 %∆ YoY Q4-25 %∆ QoQ Q1-26 Q1-25 %∆ YoY Q4-25 %∆ QoQ Q1-26 Q1-25 %∆ YoY Q4-25 %∆ QoQ ( AED bn) Net interest income 9.5 8.5 12% 9.7 (2)% 6.5 6.3 5% 6.6 (1)% 2.9 2.2 33% 3.1 (6)% Non-funded income 4.9 3.4 42% 2.9 65% 3.8 2.5 50
Slide 15: US $ convenience translation
14 US $ convenience translation Excluding DenizBank Income statement Q1-26 Q1-25 %∆ YoY Q4-25 %∆ QoQ Q1-26 Q1-25 %∆ YoY Q4-25 %∆ QoQ Q1-26 Q1-25 %∆ YoY Q4-25 %∆ QoQ ( USD bn) Net interest income 2.6 2.3 12% 2.6 (2)% 1.8 1.7 5% 1.8 (1)% 0.8 0.6 33% 0.8 (6)% Non-funded income 1.3 0.9 42% 0.8 65% 1.0 0
Slide 16: DenizBank profitability walk and hyperinflation
15 Hyperinflation 205% DenizBank profitability walk 121 106 110 98 0.9 93 79 84 67 73 53 58 42 (0.4) 40 QoQ% 13% 6% 25% 10% 15% 8% 9% 6% 10% 6% 8% 4% 10% 0.6 YoY% 51% 38% 62% 65% 68% 72% 49% 44% 38% 35% 33% 31% 31% (0.5) 0.5 (0.2) Dec-23 Dec-24 Dec-25 Mar-23 Jun-23 Sep-23 Mar-24 Jun-24 Mar-25 Jun-25
Slide 17: Thank You
Thank You For additional information: IR@emiratesnbd.com www.emiratesnbd.com/en/investor-relations