Emirates Nbd Bank (p.j.s.c) · DFM:EMIRATESNBD
Emirates Nbd Bank (p.j.s.c) — Emirates NBD — Q1 2022 Earnings Presentation
14 slides from Emirates Nbd Bank (p.j.s.c)'s earnings presentation, Apr 21, 2022
Slide 1: Results Presentation Q1 2022
Results Presentation Q1 2022 21 April 2022
Slide 2: Important Information
Important Information Disclaimer The material in this presentation is general background information about Emirates NBD's activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to
Slide 3: Emirates NBD delivers higher profits and maintains strong balance sheet in Q1 2022
Emirates NBD delivers higher profits and maintains strong balance sheet in Q1 2022 Key Highlights Key Metrics & Guidance Net Profit CET 1 Strong momentum continues with Q1-22 profit up 18% to AED 2.7bn AED 2.7bn 15.0% +18% y-o-y Improved loan & deposit mix with higher interest rates enabling Group t
Slide 4: Financial results highlights Q1 2022
Financial results highlights Q1 2022 Highlights Income Liquidity Risk Expenses Capital Divisional Better / Better / Income Statement (AED bn) Q1-22 Q1-21 Q4-21 Key Highlights (Worse) (Worse) Net interest income 4.3 4.1 4% 4.3 (2)% • Strong Q1-22 results with net profit up 18% y-o-y on higher income
Slide 5: Net interest income
Net interest income Highlights Income Liquidity Risk Expenses Capital Divisional 3.3 Key Highlights 3.2 Net Interest Margin (%) • Q1-22 NIM up 14 bps y-o-y on improved loan and deposit mix 3.1 2.89 3.0 2.82 Quarterly NIM - Loan yields up 5 bps on higher retail balances 2.9 YTD NIM - Deposit costs im
Slide 6: Funding and liquidity
Funding and liquidity Highlights Income Liquidity Risk Expenses Capital Divisional Advances to Deposit and Liquidity Coverage Ratio (%) Key Highlights ADR % LCR % • LCR of 157.4% and ADR of 90.7% demonstrate healthy liquidity 180 100 165.1 158.8 177.6 • Liquid assets* of AED 67.7 billion cover 11% o
Slide 7: Loans and deposits trends
Loans and deposits trends Highlights Income Liquidity Risk Expenses Capital Divisional Gross Loans by Type (AED Bn) Key Highlights +1% 472 475 475 463 459 • Gross loans grew 1% (AED 4bn) in Q1-22 DenizBank 81 79 79 65 65 - Retail lending up 4% (AED 3bn) with strong demand across all products EI* 46
Slide 8: Credit quality
Credit quality Highlights Income Liquidity Risk Expenses Capital Divisional Impaired loans and allowances Key Highlights • NPL ratio increased marginally by 2 bps to 6.4% in Q1-22 6.1 36.1 6.3 36.4 6.2 37.1 6.3 37.2 6.4 37.9 • Coverage ratio strengthened 1% to 128.5% in Q1-22 28.9 29.7 29.2 29.2 29.
Slide 9: Non-funded income
Non-funded income Highlights Income Liquidity Risk Expenses Capital Divisional Key Highlights • Q1-22 fee and commission income 14% lower y-o-y mainly from Better / Better / Non-funded income (AED mn) Q1-22 Q1-21 Q4-21 (Worse) (Worse) Turkish Lira depreciation, partially offset by higher income from
Slide 10: Operating expenses
Operating expenses Highlights Income Liquidity Risk Expenses Capital Divisional Key Highlights Cost to Income Ratio (%) • Q1 22 cost to income ratio at 30.8% well below guidance reflecting seasonal 35.3 34.8 trend of investment in Q4 to ‘hit the ground running’ in Q1 34.0 • Staff costs increased y-o
Slide 11: Capital adequacy
Capital adequacy Highlights Income Liquidity Risk Expenses Capital Divisional Capital (AED billion) Key Highlights • CET-1 ratio marginally lower by 0.1% during 2022 as 82.7 5.1 - AED 2.7bn of retained earnings largely offset - AED 1.0bn impact on currency translation reserve and others 9.1 68.5 67.
Slide 12: Divisional performance
Divisional performance Highlights Income Liquidity Risk Expenses Capital Divisional Key Highlights Increase / Retail Banking and Wealth Management Operating Segment Metrics Q1-22 (Decrease) • Record quarter for cards acquisitions, fee income and balance sheet growth Income (mn) 2,277 16% • Lending g
Slide 13: DenizBank business overview
DenizBank business overview Highlights Income Liquidity Risk Expenses Capital Divisional Better / Better / Income Statement (AED Mn) Q1-22 Q1-21 Q4-21 Key Highlights (Worse) (Worse) Net interest income 1,226 1,285 (5)% 1,319 (7)% • Net profit of AED 629 million in Q1-22 stable y-o-y despite 48% depr
Slide 14: Thank you
Thank you Investor Relations Emirates NBD Head Office I 4th Floor PO Box 777 I Dubai, UAE IR@emiratesnbd.com Tel: +971 4 609 3046