Emirates Nbd Bank (p.j.s.c) · DFM:EMIRATESNBD
Emirates Nbd Bank (p.j.s.c) — Emirates NBD — H1 2025 Earnings Presentation
38 slides from Emirates Nbd Bank (p.j.s.c)'s earnings presentation, September 2025
Slide 1: Investor Presentation
Investor Presentation September 2025 AED USD
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's well diversified GDP projected to grow at healthy rate
3 UAE’s well diversified GDP projected to grow at healthy rate… UAE GDP growth (%) Share of GDP key contributors (%) 7.9 Oil 24% Trade 24% Real estate 15% Real estate 15% 4.4 4.8 4.6 3.6 4.0 Trade 13% Transportation 12% 1.1 Manufacturing 10% UAE Financial services 12% Dubai Financial services 10% 20
Slide 5: Key drivers delivering robust growth momentum
4 …with key drivers delivering robust growth momentum Dubai tourism Projected net inflows of millionaires in 2025 UAE population by age (%) Dubai private school enrollments (in AED millions) (thousands) (in thousand pupils) Millionaires: Individuals with high liquid investable wealth of USD +1 milli
Slide 6: Emirates NBD Profile
Emirates NBD Profile
Slide 7: Emirates NBD is a leading bank in the MENAT region
6 Emirates NBD is a leading bank in the MENAT region Region’s most AED AED profitable bank 4th 2nd 22.80 144bn Largest bank in GCC Largest bank in UAE US$ 3.4bn by assets by assets Share price Market Cap H1-25 As of 30 Jun 2025 As of 30 Jun 2025 AED AED AED AED AED AED 23.9bn 15.4bn 12.5bn 1,086bn 7
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 613 Türkiye network of 826 branches throughout the MENAT region with a branch & r
Slide 9: Strong credit ratings reflecting financial stability
8 Strong credit ratings reflecting financial stability Strong credit ratings A+/A1 Short-term Long-term Outlook Moody’s P-1 A1 Stable A/A2 Fitch F1 A+ Stable A-/A3 CI A1 A+ Stable BBB+/Baa1 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Outlook: Moodys Fitch CI Negative Stable Positive • Str
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 30 June 2025 • 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 the most profitable bank in the region
11 Emirates NBD is the most profitable bank 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 H1 2025 As of 30 Jun 2025 NPL% As of 30 Jun 2025 6,518 3,408 372 173 2.0 17.3 5,897 3,242 366 155 2.8 15.5 5,099 3,215 320 151 0.7
Slide 13: Impressive profit growth with strong return on equity
12 Impressive profit growth with strong return on equity Return on Tangible Equity (excluding 2019 NI gain) 16% 20% 18% 19% 20% 17% 10% 13% 17% 24% 22% Net Profit CAGR (2014-2024): 16% Total Income CAGR (2014-2024): 12% ROTE 10-year average : 18% 43.0 44.1 32.5 23.2 23.8 23.0 22.4 21.5 17.4 14.4 15.
Slide 14: Financial & Operating Performance
Financial & Operating Performance
Slide 15: Executive summary H1-25 Results
14 Executive summary H1-25 Results Key metrics and guidance AED 16.7bn operating 12% higher income yoy profit on higher volumes, Income Profit propelled by strong loan Profit growth, improving deposit despite lower interest before tax mix and broader product rates offering 23.9bn 15.4bn 12.5bn +2% q
Slide 16: Excellent 9% rise in operating profit to AED 16.7bn
15 Excellent 9% rise in operating profit to AED 16.7bn on strong loan growth, improving deposit mix and broader product offering Income statement H1-25 H1-24 %∆ YoY Q2-25 %∆ QoQ • Income jumped 12% yoy to AED 23.9bn driven by strong (AED bn) volume growth, regional expansion, and continued Net inter
Slide 17: Continued strong margins tracking to guidance
16 Continued strong margins tracking to guidance Net interest margin (%) • H1-25 NIM of 3.47% within guidance Quarterly NIM • Q2-25 NIM down 22bp to 3.36% following the 350bp rate hike in Türkiye Ytd NIM increasing funding cost and 100bp US rate cuts flow through to loan repricing 3.75% 3.65% 3.65%
Slide 18: Strong client flows driving non-funded income growth
17 Strong client flows driving non-funded income growth Non-funded income • Healthy trend in net fee and commission income, up AED 1.1 billion (18%) in H1-25 H1-25 H1-24 %∆YoY Q2-25 Q2-24 %∆YoY %∆QoQ (AED m) on record increase in local & international retail card business, higher Investment Banking,
Slide 19: Loan and deposit growth momentum continues
18 Loan and deposit growth momentum continues • Loans up 8% by AED 41 bn in H1-25 on very strong underlying growth Gross loans by type (AED bn) – Retail lending up AED 19bn (13%) in H1-25 across all products and geographies 8% – Corporate lending up AED 30bn (13%) in H1-25 with AED 53bn of new origi
Slide 20: Credit quality continues to improve
19 Credit quality continues to improve Impaired loans and allowances • NPL ratio improved to 2.8% in H1-25 on further recoveries NPLs 4.2% 3.9% 3.3% 3.1% 2.8% • 11 bps cost of risk credit in H1-25 on significant recoveries, more than offsetting 100%proactive provisioning for impact of higher interes
Slide 21: Cost to income ratio within guidance
Cost to income ratio within guidance as spend delivers strong 20 business growth and digital & international investment continues Cost to income ratio (%) • Cost to income ratio at 30.3% for H1-25 comfortably within guidance 36.4% • Spend delivering strong business growth and digital & international
Slide 22: Funding & liquidity remains very healthy
21 Funding & liquidity remains very healthy Advances to deposit and liquidity coverage ratio (%) • LCR of 185% and ADR of 73% demonstrating healthy liquidity 85 240 ADR % LCR % • Liquid assets* of AED 117bn cover 14% of total liabilities, 18% of deposits • ENBD issued over AED 11bn of term debt & su
Slide 23: Common equity tier 1 (CET-1) ratio strong at 14.7%
22 Common equity tier 1 (CET-1) ratio strong at 14.7% supporting asset growth Capital progression • 14.7% CET-1 ratio remains very strong as retained earnings offset 12% growth in (AED bn) RWAs 8.4 130.9 • Credit RWA increase from strong Retail and Corporate loan growth 9.1 13.7 0.4 113.4 • Capital
Slide 24: Divisional performance
23 Divisional performance Operating Segment Metrics H1-25 H1-24 %∆ YoY Retail Banking and Wealth Management continued its excellent performance in H1 2025, with the Income 9,594 8,910 8% highest ever revenue, strongest loan acquisition and record growth in CASA – AED 39bn of new loan origination as
Slide 25: ESG
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Slide 26: Emirates NBD: a leading bank in ESG
25 Emirates NBD: a leading bank in ESG Emirates NBD ESG objectives USD 15.56 billion already mobilised toward its Launch of the bank's first sustainable fixed USD 30 billion 2030 sustainable finance term deposit in line with the bank's target. sustainable finance framework Sustainable and transition
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 • Release o
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-Linked Loan (SLL) Sustainability approach Sustainable finance f
Slide 29: Appendix
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Slide 30: Financial results H1-25
29 Financial results H1-25 Excluding DenizBank Income statement H1-25 H1-24 %∆ YoY Q2-25 %∆ QoQ H1-25 H1-24 %∆ YoY Q2-25 %∆ QoQ H1-25 H1-24 %∆ YoY Q2-25 %∆ QoQ ( AED bn) Net interest income 16.8 15.4 10% 8.4 (1)% 12.5 12.7 (1)% 6.3 - 4.3 2.7 60% 2.1 (5)% Non-funded income 7.1 6.0 18% 3.7 8% 5.0 4.0
Slide 31: US $ convenience translation
30 US $ convenience translation Excluding DenizBank Income statement H1-25 H1-24 %∆ YoY Q2-25 %∆ QoQ H1-25 H1-24 %∆ YoY Q2-25 %∆ QoQ H1-25 H1-24 %∆ YoY Q2-25 %∆ QoQ (USD bn) Net interest income 4.6 4.2 10% 2.3 (1)% 3.4 3.5 (1)% 1.7 - 1.2 0.7 60% 0.6 (5)% Non-funded income 1.9 1.6 18% 1.0 8% 1.4 1.1
Slide 32: DenizBank hyperinflation and profitability walk
31 Hyperinflation (AED mn) 220% 35% DenizBank profitability walk (AED bn) 72% 1.7 (0.4) 3,132 1.5 2,955 1.4 2,685 0.1 2,526 2,319 2,139 1,859 (1.4) 1,691 1,352 1,270 Sep-22 1,047 1,128 978 0.6 (0.8) Dec-24 Dec-22 Dec-23 Jun-23 Mar-25 Jun-22 Jun-24 Jun-25 Sep-24 Mar-23 Sep-23 Mar-24 Profit before tax
Slide 33: Türkiye's return to orthodox policy supports disinflation
Türkiye’s return to orthodox policy supports disinflation and 32 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 fight on hyper inflation has muted forecast GDP growth 80 Inflation Rat
Slide 34: Egypt navigates reform-driven adjustments
Egypt navigates reform-driven adjustments with early signs of 33 stabilization and external support Inflation rate vs CB policy rate (%) GDP growth (%) Proactive tightening In response to currency pressures and rising inflation is Post COVID growth has moderated due to currency and inflation related
Slide 35: KSA, resilient growth anchored in diversification
34 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 A continued growth in GDP, with continued contribution from non-oil sector low Inflation Rate CB policy
Slide 36: Our Digital Transformation Journey
35 Our Digital Transformation Journey From 2023 to 2024 15x digital wealth AUM at EI 9.0x digital wealth transaction volume on ENBD X 7.3x transactions on mobile app ENBD X 6.7x personal loans volume sourced on ENBD Tablet X 2.4x accounts sourced digitally in KSA 2.4x faster cash withdrawals on ENBD
Slide 37: Our Digital Transformation Journey
36 Our Digital Transformation Journey Mobile App Users and Digital Adoption (M) Monthly transactions on digital channels (M) Adoption 89% 91% 14 72% 11 56% 54% 58% 1.4 1.3 0.8 5 6 5 5 0.5 0.5 0.6 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 Credit Cards Sourced through Tablet X No. of
Slide 38: Thank You
Thank You For additional information: IR@emiratesnbd.com www.emiratesnbd.com/en/investor-relations