464 Million EGP net profit, reflecting a 22% increase compared to 2013

Important milestones planned in 2015, with expansion in services

Emirates NBD Egypt to apply state-of-the-art banking systems employed by the Group in the UAE

Cairo, 8th of April  2015

Emirates NBD Egypt has announced its financial results for the year ending in December 2014, revealing a strong set of results across the board.Net profit increased 22% compared to 2013, up to EGP 464 million, while net banking income rose to EGP 1.354 billion, a 20% increase in comparison to the same period in 2013.

Giel-Jan Van Der Tol, Chief Executive Officer of Emirates NBD Egypt said, "the healthy financial results that the bank has achieved are proof that the bank's policies for operating in the Egyptian market are successful. One of the most important aspects of the bank's policies has been its determination to continue the growth and expansion plan that was put in place after the acquisition of the BNP Paribas subsidiary in Egypt."

Mr. Van Der Tol added, "2015 is an important year for Emirates NBD, and our focus will be on laying the groundwork and infrastructure for even greater growth during the coming years. This year will be the year that we migrate our banking systems to the ones used by the Emirates NBD group, renowned as one of the most technologically advanced in the world and which will enable us to expand in the manner that we intend to and offer the products and services that we believe our clients desire. Emirates NBD is in Egypt to stay, and we remain firmly committed to growing in the market to achieve our goal of becoming one of the leading privately-owned banks in the country."

Emirates NBD Egypt's positive results for 2014 extended to numerous other areas, including an increase of customer deposits to over EGP 20.02 billion, a growth of over 19% compared to December 2013. The growth of customer deposits is a reflection of clients' faith and trust in the bank, a trust that was further reflected in the growth of customer net loans by 9% to reach more than EGP 7.16 billion. Total assets also increased by 20% compared to 2013 to reach more than EGP 24.33billion, further strengthening the bank's position in the Egyptian market.

-Ends-

About Emirates NBD Egypt S.A.E. (previously BNP Paribas):
Emirates NBD's acquisition of BNP Paribas in Egypt took place in June 2013. This acquisition combines local expertise, knowledge of the Egyptian market, a customer database and the current branches of the bank along with Emirates NBD's regional power and knowledge and vision of investment. The bank currently has over 1500 employees and 64 branches and units located strategically across Egypt's most principal cities. Emirates NBD S.A.E. offers a wide range of advanced products and services across three main sectors; retail banking, investment solutions and investment banking businesses.

Emirates NBD Group is a leading banking group in the Middle East. As of 31st December 2014, total assets were AED 363.0 billion. The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, and representative offices in India, China and Indonesia. It is a market leader across core business lines and the leading retail banking franchise, with more than 215 branches and over 889 ATMs and Cash Deposit Machines (CDMs) spread across the country and overseas. The Group is a main player in the corporate banking arena. With fast-growing Islamic banking affiliated entities, strong investment and private banking services and a leadership in the field of asset management products and brokerage services, Emirates NBD is well positioned to grow and deliver outstanding value to its shareholders, customers and employees. Currently, more than 9,000 people, representing 70 nationalities, are employed by Emirates NBD, making it one of the largest and most culturally diversified employers in the UAE. As a national banking champion, Emirates NBD is an ambassador of economic and social progress for the entire UAE to the world.

© Press Release 2015