Emirates NBD Investor Presentation H1 2021
Divisional performance (excluding DenizBank)
Retail Banking & Wealth Management
•
RBWM income up 3% q-o-q and 9% y-o-y as record acquisition volumes led to improved
non-funded income
Balance Sheet Trends USD billion
Income Trends USD million
+3%
+9%
• Net interest income up 2% q-o-q on improved cost of funding from CASA and 1% lower
y-o-y as growth in loan book was offset by impact of earlier interest rate cuts
⚫ NFI remained strong at 33% of the total income for Q2-21 compared to 26% in Q2-20
• Customer advances up 7% in H1-21 due to strong demand for retail products
•
•
Liabilities up 3% with CASA increasing USD 2.8bn, up 8% in H1-21 supported by strong
acquisitions and successful customer campaigns
Digital adoption strengthened further with 78% of customers now digitally active while
Liv. grew its UAE base to 470,000 customers and Liv. KSA growing to 75,000
+7%
537
551
507
+3%
45.0
46.5
364
370
375
12.6
13.4
132
173
181
Q4 20
Loans
Q2 21
Deposits
Q2 20
Q1 21
NII
Q2 21
NFI
Emirates Islamic
El total income up 5% q-o-q on lower cost of funds and higher foreign exchange revenue
Balance Sheet Trends USD billion
Income Trends USD million
•
El total income increased 21% y-o-y due to higher non-funded income
+4%
• Customer financing at USD 11.3 billion, increased 2% from end 2020
+21%
+2%
• Customer deposits at USD 13.3 billion, increased 4% from end 2020
165
157
CASA balances represented 78% of customer deposits compared to 69% at end of 2020
⚫ El's headline Financing to Deposit ratio healthy at 85%
12.8
13.3
+5%
136
11.1
11.3
108
114
114
Q4 20
Q2 21
Financing receivables
Customer accounts
48
51
22
Q2 20
Q1 21
Q2 21
NII
NFI
Divisional Performance
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