Dubai: Emirates NBD, a leading banking group in the region and active corporate citizen, has issued its 2017 annual Sustainability Report covering the organisation’s social, ethical, corporate governance and environmental performance across the previous year. The reports covers data on the UAE operations of Emirates NBD and the Group’s fully-owned subsidiary, Tanfeeth.
The report, prepared in accordance with the GRI Standards: Core option, is also aligned to the GRI G4 Financial Services Sector Disclosures and United Nations Global Compact (UNGC) Principles.
The report demonstrates Emirates NBD’s strong commitment to the UAE community and the Year of Giving initiative through financial and in-kind support. Over the past three years, Emirates NBD has contributed more than AED 88 million in financial investments towards advocacy programmes for the rights of people with disabilities, financial literacy, women’s empowerment, health and wellness, community development and the environment. In 2017, Emirates NBD signed a premier partnership agreement to become the official banking partner of Expo 2020 Dubai.
Key Highlights of Emirates NBD 2017 Sustainability Report:
Our People
● 8,207 full-time employees from 75 nationalities
● 62% employee engagement rate
● 36 people with disabilities hired within Emirates NBD Group
Community
● 3151 active volunteers within the corporate volunteering Exchanger Programme
● 26,678 hours volunteered in the local community
● Recipient of the Gulf Sustainability & CSR Award for the “Best Employee Volunteering Programme” of 2016-2017.
● 28 Emirates NBD branches are equipped with disability-friendly servicing facilities
Environmental
● Energy savings worth AED 1.9 million
● Launch of Green Auto Loan: discounts for loans to buy electric or hybrid cars
● Carbon neutral marketing events
● Expanding GHG calculations to include employees’ own commute to work
Financial
● Net Profit of AED 8.35 billion, up 15% y-o-y
● Net Interest Income has improved 7% y-o-y due to loan growth and the positive impact of recent rate rises
● Net Interest Margin has improved by 22 bps to 2.51% in Q4-17 from 2.29% in Q4-16, helped by rate rises
● Total Income of AED 15.5 billion, up 5% y-o-y
● Total Assets at AED 470.4 billion, up 5% from end 2016
● Customer Loans at AED 304.1 billion, up 5% from end 2016
● Customer Deposits at AED 326.5 billion, up 5% from end 2016
● Credit Quality Ratios stable with Impaired Loan Ratio of 6.2% and Coverage ratio of 124.5%
● Liquidity Coverage Ratio of 146.0% and AD Ratio of 93.1% demonstrate healthy liquidity position
● Tier 1 Capital Ratio increased to 19.5% and Capital Adequacy Ratio advanced to 21.9% with retained earnings
Other
● Brand value USD 3.53 billion, highest brand value in the UAE among banks
● Brand index 33
A full copy of the report is available on Emirates NBD’s website.
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About Emirates NBD:
Emirates NBD is a leading banking Group in the region. As at 31st December 2017, total assets were AED 470.4 Billion, (equivalent to approx. USD 128 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches. The bank was declared the Most Innovative Financial Services Organization of the Year at the 2017 BAI Global Innovation Awards.
The bank currently has 230 branches and 1040 ATMs and SDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100
Social Media Rankings’, compiled by The Financial Brand. It is a major player in the UAE corporate and retail banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, India, Singapore, the United Kingdom and representative offices in China and Indonesia.
The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People of Determination under its #Together Limitless platform. Emirates NBD Group is an official Premier Partner of EXPO 2020 Dubai. For more information, please visit: www.emiratesnbd.com
For further information on Emirates NBD, please contact:
Ibrahim Sowaidan
Senior Vice President
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: ibrahims@emiratesnbd.com
Tricia Kaul | Shaleen Sukthankar
ASDA’A Burson-Marsteller; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: tricia.kaul@bm.com | shaleen.sukthankar@bm.com
