UAE Economic Update

Islamic Banking* Divisional Performance (cont'd) Global Markets & Treasury Emirates NBD Revenue increased to positive AED 112 million in Q1 2013 from a negative AED 20 million in Q4 2012 driven by lower negative net interest income drag and higher investment income Tightening of spreads in regional credit markets produced opportunities for t trading desk which resulted in a good 1st quarter for credit trading desk Treasury Sales enjoyed a good quarter as volatility returned to the FX markets which saw some hedging interest from clients; the prevailing low interest rate scenario attracted some interest rate hedging activities as well ⚫ Islamic Banking revenue improved 37% y-o-y and by 34% q-o-q to AED 321 million in Q1 2013 (net of customers' share of profit) Financing receivables increased by 11% to AED 23.7 billion from end of Q1 2012 • Customer accounts reduced by 12% to AED 25.3 billion from end of Q1 2012 • As at end of Q1 2013, branches totaled 49 while the ATM & SDM network totaled 171 Balance Sheet Trends* AED billion Revenue Trends AED million -55% 247 112 309 +57% 218 139 -62 -159 -106 -20 Q1 12 Q4 12 Q1 13 NFI NII Revenue Trends* AED million +11% 28.8 +37% 321 23.2 25.8.- 23.7 25.3 -12% 66 21.3 234 239 +34% 46 90 255 193 144 *Includes Emirates Islamic Bank and Dubai Bank Q1 12 Q4 12 Q1 13 Financing receivables Q1 12 Q4 12 Q1 13 NFI Profit Customer accounts 27 27

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