Emirates Nbd Bank (p.j.s.c) · DFM:EMIRATESNBD
Emirates Nbd Bank (p.j.s.c) — Emirates NBD — H1 2025 Earnings Presentation
17 slides from Emirates Nbd Bank (p.j.s.c)'s earnings presentation, Jul 24, 2025
Slide 1: Results Presentation First Half 2025
Results Presentation First Half 2025 24th July 2025
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 H1-25 Results Key metrics and guidance
2 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% qo
Slide 4: Excellent 9% rise in operating profit to AED 16.7bn on strong loan growth
3 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 intere
Slide 5: Continued strong margins tracking to guidance
4 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% 3
Slide 6: Strong client flows driving non-funded income growth
5 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 7: Loan and deposit growth momentum continues
6 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 origin
Slide 8: Credit quality continues to improve
7 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 interest
Slide 9: Cost to income ratio within guidance as spend delivers strong business growth
Cost to income ratio within guidance as spend delivers strong 8 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 10: Funding & liquidity remains very healthy
9 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 & suk
Slide 11: Common equity tier 1 (CET-1) ratio strong at 14.7% supporting asset growth
10 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 12: Divisional performance
11 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 13: Appendix
12 Appendix
Slide 14: Financial results H1-25
13 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 15: US $ convenience translation
14 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 16: DenizBank profitability walk
15 Hyperinflation 220% 35% DenizBank profitability walk 72% 1.7 (0.4) 3,132 1.5 2,955 0.1 1.4 2,685 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 Income Expenses P
Slide 17: Thank You
Thank You For additional information: IR@emiratesnbd.com www.emiratesnbd.com/en/investor-relations