Emirates Nbd Bank (p.j.s.c) · DFM:EMIRATESNBD
Emirates Nbd Bank (p.j.s.c) — Emirates NBD — Q1 2026 Earnings Presentation
35 slides from Emirates Nbd Bank (p.j.s.c)'s earnings presentation, May 2026
Slide 1: Investor Presentation | USD May 2026
Investor Presentation | USD May 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: Economic Environment
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Slide 4: UAE continues to have a well diversified GDP mix
3 UAE’s continues to have a well diversified GDP mix … UAE GDP* growth (%) Share of GDP key contributors (%) 7.5 Oil 23% Trade 23% 4.6 4.3 5.8 Real estate 15% Real estate 19% 4.0 Trade 12% Others 17% 3.1 UAE Manufacturing 11% Financial services 13% Dubai YTD Financial services 10% Transportation 11%
Slide 5: …with key drivers remaining resilient
4 …with key drivers remaining resilient Dubai population growth Dubai tourism Estimated net inflows of millionaires in 2025 (millions of visitors) (thousands) Millionaires: Individuals with high liquid investable wealth of USD +1 million % 28.6% 5 8 7 9.8 7.5 4 6 19.59 18.72 3.6 3.0 2.4 1.6 17.15 1.
Slide 6: Emirates NBD Profile
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Slide 7: Emirates NBD is a leading bank in the MENAT region
6 Emirates NBD is a leading bank in the MENAT region UAE’s most AED AED profitable bank 3rd 2nd 29.00 183bn Largest bank in GCC Largest bank in UAE $ 1.7bn by assets by assets Share price Market Cap Q1-26 As of 30 Apr 2026 As of 30 Apr 2026 USD USD USD USD USD USD 3.9bn 2.2bn 1.7bn 331bn 226bn 191bn
Slide 8: Emirates NBD at a glance
7 Emirates NBD at a glance Key highlights Emirates NBD’s international presence 1. Largest financial institution in Dubai, one of the largest and most profitable in GCC 2. Leading retail banking franchise with a branch 577 Türkiye network of 790 branches throughout the MENAT region with a branch & r
Slide 9: Strong credit ratings reflecting financial stability
8 Strong credit ratings reflecting financial stability Emirates NBD’s strong credit ratings A+/A1 Short-term Long-term Outlook Moody’s P-1 A1 Stable A/A2 Fitch F1 A+ Stable CI A1 A+ Stable A-/A3 UAE Sovereign Credit Rating BBB+/Baa1 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Moody’s Fitc
Slide 10: Stable shareholder base and diversified business model
9 Stable shareholder base and diversified business model Split of ownership – anchored by the Government of Dubai Key highlights Ownership structure as of 31 March 2026 • A flagship bank for the Government of Dubai and the UAE • Strong and supportive shareholder base from the Government of Dubai via
Slide 11: Investment case
10 Investment case Emirates NBD is committed to delivering long-term growth and creating value for its stakeholders through innovation, operational excellence, and strategic expansion. By consistently enhancing its financial performance and capitalizing on opportunities in key markets, the Group is
Slide 12: Emirates NBD is one of the most profitable banks in the region
11 Emirates NBD is one of the most profitable banks in the region Total income Net profit Total assets Coverage ratio & NPLs (%) CET-1 ratio (%) In USD mn 11 In USD mn In USD bn Q1 2026 As of 31 Mar 2026 NPL% As of 31 Mar 2026 3,908 1,801 406 157 2.3 17.9 3,261 1,746 387 152 1.9 17.3 2,807 1,713 331
Slide 13: Sustained profit growth while delivering strong return profile
12 Sustained profit growth while delivering strong return profile Return on Tangible Equity 20% 18% 19% 20% *17% 10% 13% 17% 24% 22% 19% Net Profit CAGR (2015-2025): 13% Total Income CAGR (2015-2025): 12% ROTE 10-year average : 18% 13.4 11.7 12.0 8.9 6.3 6.5 6.3 6.5 6.1 5.9 4.7 4.1 4.0 4.2 3.9 3.5 2
Slide 14: Financial & Operating Performance
Financial & Operating Performance
Slide 15: Executive summary Q1-26 Results
14 Executive summary Q1-26 Results Key metrics and guidance 21% higher income yoy USD 2.8bn 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 $ 3.9bn $ 2.2b
Slide 16: USD 2.2bn profit before tax, up 6% yoy and 28% qoq
15 USD 2.2bn 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 (USD bn) • Income grew 21% yoy to USD 3.9bn driven by Net interest income 2.6 2.3 12% 2.6 (2)% o NII up 12% yoy to US
Slide 17: Margins remain resilient supported by strong margins in Türkiye
16 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 imp
Slide 18: Strong growth across products and segments driving record non-funded income
17 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 (USD mn) strong growth across all segments and diversified product offerings Fee and commiss
Slide 19: Well diversified record loan growth supported by strong deposit growth
18 Well diversified record loan growth supported by strong deposit growth • Loans up 7% by USD 12bn in Q1-26 on very strong underlying growth Gross loans by type (USD bn) 7% – Retail lending up USD 2bn (5%) in Q1-26 with USD 5bn of new originations – C&IB lending up USD 9bn (9%) in Q1-26 with USD 12
Slide 20: Robust credit quality with solid coverage ratios
19 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 USD 0.2bn, primarily driven by prudent provisioning NPLs 3.1% 2.8% 2.5% 2.4% 2.3% across Denizbank and Emirates NBD, part
Slide 21: Cost to income ratio well within guidance
Cost to income ratio well within guidance as investments in digital & 20 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 22: Funding & liquidity are key strengths of the Group
21 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 USD 33.5bn cover 11% of total liabilities and 15% of total deposits ADR % LCR % 220 184 185 • Customer deposi
Slide 23: Healthy CET-1 ratio at 14.2% supporting strong asset growth momentum
22 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 (USD bn) 2.6 39.1 • Capital ratios well above CBUAE minimum requirements 2.5 o CET-1: 11.07%, T1: 1
Slide 24: Divisional performance
23 Divisional performance Operating Segment Metrics Q1-26 Q1-25 %∆ YoY Income 1,449 1,278 13% Retail Banking and Wealth Management delivered record operating profit of USD 1.0bn, driven by strong income growth and cost discipline Expense 416 373 12% – 13% income growth, with record non funded income
Slide 25: ESG
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Slide 26: Emirates NBD: a leading bank in ESG
25 Emirates NBD: a leading bank in ESG USD 26.1 billion already mobilised toward its Continued promoting the bank’s sustainable USD 30 billion 2030 sustainable finance fixed term deposit in line with the sustainable target achieving more than 87% of the target Emirates NBD finance framework Publishe
Slide 27: ESG forward journey
26 ESG forward journey Emirates NBD’s ESG commitment over the years have enhanced, covering larger and wider aspects of ESG principles. Our journey has been fruitful, and we expect further development in the upcoming years given the plan to standardize the ESG practices and contributions • Net Zero
Slide 28: Emirates NBD sustainability strategy
27 Emirates NBD sustainability strategy Emirates NBD commits to both regional and international sustainability development goals which enhances the overall agenda for sustainable business strategy and management approach Sustainability approach and frameworks • Emirates NBD’s sustainability strategy
Slide 29: Appendix
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Slide 30: Financial results Q1-26
29 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 ( 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 0.7 50
Slide 31: DenizBank profitability walk
30 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 32: Türkiye's return to orthodox policy supports disinflation and market confidence
Türkiye’s return to orthodox policy supports disinflation and 31 market confidence Inflation rate vs CB policy rate (%) GDP growth (%) Türkiye's central bank’s tight monetary policy has begun to reign in inflation rate Türkiye’s tight monetary policy has muted GDP growth 80 Inflation Rate CB Policy
Slide 33: Egypt's macroeconomic outlook continues to improve with external support
Egypt’s macroeconomic outlook continues to improve with 32 external support Inflation rate vs CB policy rate (%) GDP growth (%) Slowing inflation has given the Central Bank of Egypt ample room to ease Growth is strengthening once more as policy reforms start to bear fruit monetary policy 40 Inflatio
Slide 34: KSA, resilient growth anchored in diversification
33 KSA, resilient growth anchored in diversification Inflation rate vs CB policy rate (%) GDP growth (%) Government subsidies, strong price controls & increased interest rates have kept inflation Ongoing growth in GDP, with continued contribution from non-oil sector low 8 Inflation Rate CB Policy Ra
Slide 35: Thank You
Thank You For additional information: IR@emiratesnbd.com www.emiratesnbd.com/en/investor-relations