Emirates NBD Earnings Presentation
Income
Net Interest Margin Trends (%)
Q3 2010 NIM of 2.51%; -3bps from 2.54% in Q2 2010:
Negative mix impact of declining loan balances
Partly offset by increased deposit spreads due to easing competition
for deposits
Note: Net interest margin is calculated based on Average Interest Earning Assets (AIEA)
Qtrly NIM
2.65
2.21
2.01
2.05
3.01
2.85
2.76
2.60
2.59
2.54
2.51
Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10
Non-interest Income Trends (USD million)
Core non-interest income increasing steadily quarter-on-quarter:
Q3 2010 vs. Q2 2010: +1% despite seasonal impacts in Q3
Core Non-Interest Income
Quarter-on-Quarter Trend
-
Q2 2010 vs. Q1 2010: +2%
Year-on-year trends in core non-interest income reverting to positive:
- Q1 2010 vs. Q1 2009: -12%
- Q2 2010 vs. Q2 2009: -0%
Q3 2010 vs. Q3 2009: +1%
Note: Core non-interest income excludes the impact of Investment Properties and Investment/CDS income
Emirates NBD
Core Non-Interest Income
Year-on-Year Trend
204
204
184 183
179 183
184
179
184 183
183 184
2009
2010
Q1
Q2
Q3
■Q1 Q2 Q3
2009 2010
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