Emirates NBD Investor Presentation H1 2021
Divisional performance (excluding DenizBank)
Corporate and Institutional Banking
.
CIB income down 2% q-o-q as higher non-funded income from investment banking and
trade finance was more than offset by drop in net interest income on lower lending
activity
• Income down 3% y-o-y as improved non-funded income across products was more than
offset by the impact of lower interest rates
• Loans down 1% in H1-21 due to repayments of corporate loans, partially offset by new
lending and growth in trade finance. Corporate customers also increased access to
capital markets in the first half
Deposits down 5% as CIB grew CASA base whilst retiring more expensive fixed deposits
Emirates NBD Capital led 68 bond and loan transactions in H1-21, raising $50 billion for
sovereigns, quasi-sovereigns, corporates and financial institutions from 15 countries in
multiple currencies
Global Markets & Treasury
• GM&T total income down q-o-q and y-o-y due to lower non-funded income whilst net
interest income improved by 40% on account of hedging & banking book investments
• GM&T NFI declined y-o-y mainly on account of non-recurring gains on hedges
Balance Sheet Trends USD billion
Income Trends USD million
-5%
-3%
404
400
390
-1%
-2%
75.2
74.5
285
273
331
45.2
43.0
115
117
73
Q4 20
Q2 21
Q2 20
Q1 21
Q2 21
NII
NFI
Loans
Deposits
Income Trends USD million
• The first bank from the Gulf region to issue an ESG-linked loan, with cost of the USD
1.75 billion facility linked to environmental and social targets
2
48
• GM&T improved the efficiency and cost of the capital base in H1-21, retiring USD
1.1 billion of existing notes and replacing with a $750m issue more efficient AT1 issue
25
2
-23
-19
-49
-17
NII
NFI
-1
Q2 20
Q1 21
Q2 21
Divisional Performance
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