Financial and Operating Performance

Divisional Performance Corporate Banking Consumer Banking & Wealth Management Key focus during the period was on balance sheet optimisation, continued proactive management of credit quality, building non-risk based and fee generating businesses ■ Revenue declined 9% year-on-year due to a 9% reduction in net interest income resulting from declining loan balances and 10% lower fee income from lower trade finance and new underwriting activity Loans decreased by 7% from end-2009 Dedicated focus on liquidity management resulting in strong 13% growth in deposits ■ CWM maintained and strengthened its position in challenging market conditions ■ Continued expansion in Private Banking business; now 60 RMs; Private Banking customer deposits continued to grow ■ Revenue declined 2% year-on-year as strong 19% growth in fee income was offset by a reduction in net interest income of 8% due to increased deposit costs and declining loan balances Deposits grew 11% from end-2009 ■ Total number of branches at end-2010 totaled 105 with an ATM & SDM network of over 620. Emirates NBD AED billion 172.4 161.1 94.2 83.2 AED million -9% 4,835 4,400 2009 2010 2009 2010 ■Loans ■Deposits ■Revenue AED billion AED million 66.1 -2% 59.7 3,387 3,322 22.8 17.8 2009 2010 2009 2010 ■Loans ■ Deposits ■Revenue 20 20

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