External broker reports(aggregated public sources), International Securities

International Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Emirates NBD Bank PJSC / Equity Bottom-Up

<ul><li>Shareholders profit flat YoY to AED3.98bn (-23.8% QoQ; -11.1% vs estimates)</li><li>Net interest income up 9.6% YoY to AED8.56bn (+1% QoQ; +4.5% vs estimate)</li><li>Non-interest income up 7.8% YoY to AED2.69mn (-10.9% QoQ, -11.6% vs estimates)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Shareholders profit flat YoY to AED3.98bn (-23.8% QoQ; -11.1% vs estimates)Net interest income up 9.6% YoY to AED8.56bn (+1% QoQ; +4.5% vs estimate)Non-interest income up 7.8% YoY to AED2.69mn (-10.9% QoQ, -11.6% vs estimates)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Emirates NBD - 4Q24 Earnings Flat YoY (-23.8% QoQ), Lower than Our Estimates on Higher OPEX