Emirates NBD Q1 Profit Rises

EMIRATES NBD BANK EMIRATESNBD:

• Q1 NET PROFIT 6.72 BILLION DIRHAMS VERSUS 6.02 BILLION DIRHAMS YEAR AGO

• Q1 TOTAL OPERATING INCOME 10.66 BILLION DIRHAMS VERSUS 10.46 BILLION DIRHAMS YEAR AGO

• Q1 NET INTEREST INCOME 5.96 BILLION DIRHAMS VERSUS 5.95 BILLION DIRHAMS YEAR AGO

• DEPOSIT MIX IS A KEY STRENGTH GROWING AED 26 BILLION IN THE FIRST QUARTER

• Q1 NET INTEREST MARGIN REMAINS VERY STRONG AT 3.52%

• AS OF END-MARCH, GROSS LOANS AT 492 BILLION DIRHAMS, UP 5% Y/Y

• AS OF END-MARCH, DEPOSITS AT 610 BILLION DIRHAMS, UP 13% Y/Y