Emirates NBD Earnings Overview H1-2023
Capital ratios extremely strong
Capital
(AED bn)
76.6
CET1
31-Dec-22
8.9
84.4
(0.3)
(0.8)
5.6
99.1
9.1
Net Earnings
Interest
on AT1
ECL
CET1
add-back 30-Jun-23
T1
T2
Capital
30-Jun-23
Risk Weighted Assets
(AED bn)
2%
•
Key Highlights
CET-1 ratio improved by 1.2% to 16.6% during H1-23 as AED 8.9 bn of net
earnings more than offset 2% increase in RWAs
Lower RWA density due to high quality Corporate loans added
Capital ratios well above 11% / 12.5% / 14.5% CBUAE min. requirement
.
CET-1 at 16.1% excluding ECL regulatory add-back
IAS 29 hyperinflation adjustment is capital neutral
Capital Ratios (%)
19.5
515
479
490
499
508
18.0
18.5
18.3
18.7
1.1
1.1
1.1
1.1
1.1
1.8
117
123
132
139
129
1.9
1.9
1.8
1.8
31
31
33
11
11
11
32
33
33
12
12
15.0
15.5
15.4
15.8
16.6
320
326
323
331
334
Q2-22
Q3-22
Q4-22
Q1-23
■Credit Risk Market Risk Operational Risk DenizBank
Q2-23
Q2-22
Q3-22
■CET1%
Q4-22
AT1% T2%
Q1-23
Q2-23
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