Emirates NBD 2014 Achievements and Strategic Update
Egyptian Business Overview
Highlights
Financials
Emirates NBD
Full service commercial banking platform:
Corporate Banking: focused on large corporate
and MNCs; serves c.4,000 clients
Retail Banking: High growth segment; serves
c.246,000 clients
Wide presence in Egypt through 61 branches and 189
ATMs
Financially sound with robust profitability and a healthy
balance sheet
Improving Cost to Income Ratio
AED Mn
Year 2013
(from 9-June-13)
FY-14
Net interest income
225
482
Non-interest income
133
224
Total income
358
706
Operating expenses
(193)
(340)
Pre-impairment operating profit
165
366
Impairment allowances
(22)
(32)
Net Loans
Deposits
Operating profit
143
334
100% = AED 3.7 Bn
100% AED 10.2 Bn
Taxation charge
(30)
(102)
Net profit
113
232
Other
1%
AED Bn
31-Dec-13
31-Dec-2014
Retail 46%
Time 46%
Net Loans
3.7
3.7
54% Corporate
53% CASA
Deposits
9.0
10.2
Impaired Loan Ratio (%)
0.2%
0.8%
Cost to Income Ratio (%)
53.8%
48.1%
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