Abu Dhabi Commercial Bank PJSC Q4/FY 2015 Investor presentation - - PowerPoint PPT Presentation

Abu Dhabi Commercial Bank PJSC

Q4/FY 2015 Investor presentation

March 2016

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• r any other United States federal or state securities

commission or regulatory authority, nor has any such commission or regulatory authority passed upon the accuracy or adequacy of this presentation. This document does not disclose all the risks and other significant issues related to an investment in any securities/transaction. Prior to transacting, potential investors should ensure that they fully understand the terms of any securities/transaction and any applicable risks. This document is not a prospectus for any securities. Investors should only subscribe for any securities on the basis of information in the relevant prospectus and term sheet, and not on the basis of any information provided herein. This presentation is being communicated only to (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or (iii) those persons to whom it may otherwise lawfully be distributed (all such persons together being referred to as “relevant persons”). This presentation is communicated only to relevant persons and must not be acted

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Disclaimer

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| Q4/FY 2015 Investor presentation

Macro overview Business overview Appendix

2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010

2010 2011 2012 2013 2014 2015

Total assets (AED bn)

The Difference Is: Ambition + Discipline Building on a proven strategy, delivering measured and profitable growth

* Normalised to reflect sale of investment in associate

184 181 183 204 228 178 Net profit (AED bn) Capital adequacy ratio (%) Return on average equity (%) 8.92%* 13.02% 15.45% 18.14% 20.35% 1.54% 19.76% 21.03% 21.21% 23.05% 22.51% 16.65% 2015 2014 2013 2012 2011 2010 12 12%

Minimum CAR requirement stipulated by UAE Central Bank

1.731* 2.810 3.620 4.201 4.927 0.391

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| Q4/FY 2015 Investor presentation

0.29% 0.48% 0.90% 1.20% 1.73% 2.61% 2015 2014 2013 2012 2011 2010

Strong financial performance, delivering long term value for shareholders

Book value per share (AED) Total shareholder return (%) Basic earnings per share (AED)

0.27* 0.45 0.59 0.74 0.93 0.04 0.20 0.25 0.30 0.40 0.45 0.00

Return on average assets (%) Cost of risk (%) Dividend per share (AED)

* Normalised to reflect sale of investment in associate

2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 5

| Q4/FY 2015 Investor presentation 3.23 3.63 3.88 4.31 4.76 3.24 2011 2012 2013 2014 2015 2010 0.83%* 1.37% 1.72% 2.00% 2.22% 0.14% 2011 2012 2013 2014 2015 2010 ADCB ADX ADBF

1 Year 6% 0%

• 17%

3 Year 150% 86% 71% 5 Year 290% 96% 117%

Source: Bloomberg: ADCB, ADX: Abu Dhabi Exchange, ADBF: Banking Index

Balance sheet highlights Focused on granular growth and creating a stable liability base

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| Q4/FY 2015 Investor presentation

Change % AED mn Dec’15 Sep’15 Dec’14 QoQ YoY Net loans 153,677 150,653 140,562 2 9 Investment securities 20,864 22,332 21,652 (7) (4) Total assets 228,267 215,329 204,019 6 12 Deposits from customers 143,526 130,009 126,011 10 14 Borrowings 33,472 34,321 30,320 (2) 10 Shareholders' equity* 28,728 27,512 26,408 4 9 Ratios (%) Change bps Dec’15 Sep’15 Dec’14 QoQ YoY CAR (Capital adequacy ratio) 19.76 19.68 21.03 8 (127) Tier I ratio 16.29 16.14 17.01 15 (72) Advances to stable resources 88.2 92.9 88.5 (470) (30) Total assets reached AED 228 bn as at 31 December 2015. At AED 154 bn, net loans were up 9% year on year Total customer deposits increased 14% year on

• year. CASA¹ (Current and savings account)

deposits comprised 44% of total deposits as at 31 December 2015 Advances to stable resources was 88.2% and loan to deposit ratio was 107.07% compared to 88.5% and 111.55% respectively, as at 31 December 2014 Capital adequacy ratio was 19.76% and Tier I ratio was 16.29% compared to 21.03% and 17.01% respectively as at 31 December 2014. Decline in CAR was mainly on account of a change in asset mix Investment securities portfolio totaled AED 21 bn, of which 97% was invested in available for sale investments in fixed income securities

¹ Includes Islamic CASA * Attributable to equity holders of the Bank

As at 31 December 2015

Income statement highlights Record level of net profit despite a challenging business environment

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| Q4/FY 2015 Investor presentation

Year on year trend Quarterly trend Q4’15 Change % (AED mn) 2015 2014 Change % Q4'15 Q3'15 Q4'14 QoQ YoY Total net interest income¹ 6,206 5,585 11 1,476 1,545 1,392 (4) 6 Non - interest income 2,055 1,945 6 539 466 493 16 9 Operating income 8,260 7,529 10 2,016 2,011 1,885 7 Operating expenses (2,827) (2,563) 10 (715) (740) (709) (3) 1 Operating profit 5,434 4,966 9 1,301 1,271 1,176 2 11 Net impairment allowances (502) (762) (34) (110) (66) (154) 67 (28) Overseas income tax expense (6) (3) 100 (1) (1) 1 NA NA Net profit for the period 4,927 4,201 17 1,191 1,204 1,023 (1) 16 Net profit attributable to equity shareholders 4,924 4,050 22 1,190 1,203 1,022 (1) 16

¹ Includes Islamic financing income

2015 vs. 2014 highlights

Record net profit of AED 4,927 mn, up 17% and net profit attributable to equity shareholders of AED 4,924 mn, up 22% year on year Record return on average equity (ROAE)

• f 20.3%, despite maintaining a high level

capital and a higher equity base Operating income was up 10% year on year at AED 8,260 mn, with total net interest income up 11% year on year at AED 6,206 mn and non-interest income up 6% over 2014 at AED 2,055 mn Net fees and commission income grew 16% year on year to AED 1,438 mn Cost to income ratio was 34.2% compared to 34.0% in 2014, and remained within our target range Impairment allowances were 34% lower year on year at AED 502 mn

Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15

Diversified revenue stream, strong underlying performance across all our businesses

2,041 2,011 2,016 2,192

8,260

2015

Non-interest income %

27% 73%

Net interest income %

23% 77% 24% 76% 25% 75% 26% 74% 25% 75% 25% 75% 27% 73%

Operating income (AED mn)

Figures may not add up due to rounding differences

Highlights

Operating income was up 10% year on year at AED 8,260 mn in

• 2015. CBG delivered a year on year growth of 16% in operating

income at AED 3,749 mn, while WBG delivered an increase of 26% year on year at AED 2,496 mn in 2015. Operating income for Treasury was AED 1,696 mn, 14% lower year on year Diversified revenue stream, increased emphasis on non-interest income generation. In 2015, non-interest income accounted for 25%

• f operating income

7,529

2014

Contribution to operating income (%)

8

| Q4/FY 2015 Investor presentation 30% Wholesale Banking (WBG) AED 2.5 bn 45% Consumer Banking (CBG) AED 3.8 bn 4% Property Management AED 0.3 bn 21% Treasury & Investments AED 1.7 bn

AED 8.3 bn 2015

1,874 1,870 1,885 1,901

55% 32% 13% Retail Banking fees Corporate Banking fees Others¹ 56% 31% 13%

Improved margins and continued growth in fee income

3.35% 3.30% 3.20% 3.12% 3.60% 3.34% 3.18% 2.98% 4.22% 4.13% 3.97% 3.90% 4.37% 4.16% 3.98% 3.94% Net interest margin (%) Yield on interest earning assets (%)

Highlights

285 304 306 347 375 343 335 385 25* 78 82 73 123 70 68 91 61 80 81 73** 54 86 63 63

Net fees and commission income Net trading income Other operating income

2014 4.06% 3.24% 2015 4.11% 3.27% +15%

* Q4’14 trading income excludes funds consolidation * * Includes AED 22 mn from revaluation of investment properties ¹ Others include brokerage, fees from trust and other fiduciary activities and other fees

Q1 Q2 Q4 Q3

Q2 Q1 Q2 Q4 Q3 Q1 Q3 2014 2015 Q4

Q1 Q2 Q4 Q3 371 462 470 493 551 498 466 539

AED 1,569 mn AED 1,808 mn

Evolution of NIMs & yields Non- interest income (AED mn) Gross fee income breakdown (AED mn)

1,945

2014

2,055

2015 Improved margins and yields on account of increased volumes and a shift in asset mix toward higher yielding interest earning assets, combined with improved recoveries and higher interest in suspense reversals Non-interest income was up 6% year on year at AED 2,055 mn in 2015, mainly on account of higher fees and commission income, which was

• ffset by lower trading income

Net fees and commission income accounted for 70% of total non-interest income in 2015, compared to 64% in 2014 Net trading income for 2015 was 14% lower year on year, on account of funds de-consolidation on 31 March 2014. Excluding the impact of the funds de-consolidation in 2014, net trading income increased 37% year on year, and non-interest income was up 14% over 2014

Figures may not add up due to rounding differences

2014 2015

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| Q4/FY 2015 Investor presentation

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

366 317 373 408 443 371 451 424 222 223 236 260 219 261 248 257 37 41 39 40 38 39 40 34

Staff costs General administration expenses Depreciation & amortisation

625 581 648 709 700 672 740 Q1 Q2 Q4 Q3 Q1 Q2 Q4 Q3 715

Cost control discipline

within our target range

34.2% 34.0%

0.89%

2014

0.92%

2015

2015 2014 Evolution of cost of funds (%) Operating expenses (AED mn) Cost to income ratio (%)

2,563

2014

2,827

2015

Highlights

Cost of funds increased slightly from 0.89% in 2014 to 0.92% in 2015, primarily on account of higher EIBOR/LIBOR and higher spreads on time deposits gathered in Q4’15 The increase in customer deposits resulted in an improvement of the Bank’s loan to deposit ratio from 111.55% in 2014 to 107.07% in 2015, while the Bank’s CASA deposits remained stable year on year comprising 44% of total customer deposits as at 31 December 2015 Cost to income ratio for 2015 was 34.2%, remaining stable over 2014. Ongoing bank wide cost management initiatives enabled the Bank to maintain a cost to income ratio within our target range Operating expenses for 2015 were AED 2,827 mn, an increase of 10% year

• n year. The increase in staff costs reflected increases in the personnel

needed to support our granular approach to growth Figures may not add up due to rounding differences 10 | Q4/FY 2015 Investor presentation 0.89% 0.88% 1.04% 0.85% 0.90% 0.84% 0.84% 0.97%

Net loans = AED 140,562 mn 2014 Net loans = AED 153,677 mn 2015 Gross loans = AED 147,340 mn 2014

Loan portfolio remains UAE centric and well diversified

Total assets = AED 228,267 mn 2015

Net loans and advances 67%

Highlights

¹ Agriculture, energy, transport, manufacturing, services and others * Investments include: investment securities, trading securities, investment properties and investments in associates

% contribution to net loans and advance by business segment

2015 2014

44% 44%

Consumer Banking* Wholesale Banking

Gross loans by economic sector Composition of assets

*Consumer banking includes retail and high net worth individuals and their businesses

Deposits and balances due from banks 7% Investments*9% Derivative financial instruments 2% Fixed, intangible and other assets 4% Cash and balances with CB 9% Reverse Repo placements 2%

Personal 23% Others1 7% Real estate investment & hospitality 33% Financial institutions 14% Government & PSE21% Trading 2% Personal 25% Others1 5% Real estate investment & hospitality 34% Financial institutions 12% Government & PSE21% Trading 3%

Gross loans = AED 160,022 mn 2015

Figures may not add up due to rounding differences

Net loans increased 9% year on year to AED 153,677 mn as at 31 December 2015, and comprised 67% of total assets (Dec’14: 69%) Wholesale Banking loans (gross) were up 7% and Consumer Banking loans (gross) were up 10% year on year in 2015 Wholesale Banking loans comprised 56% and Consumer Banking loans comprised 44% of total loans (net), stable over 2014 90% of loans (gross) were within the UAE in line with the Bank’s UAE centric strategy 56% of loans (gross) were in Abu Dhabi and 29% were in Dubai Personal loans comprised 25% of total gross loans (Dec’14: 23%) Islamic Banking continued to be a key driver of growth, with net Islamic financing assets up 32% year on year to AED 14,542 mn in 2015

2015 2014

56% 56%

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Q4/FY 2015 Investor presentation

29%

2015 2014

29%

Balanced mix of long-term and short-term liabilities provides a stable funding base

Customer deposits 72%

¹ CASA includes current account deposits, saving deposits and margin deposits ² Time deposits include long-term government deposits and Murabaha deposits

Highlights

Customer deposits increased 14% year on year to AED 143,526 mn as at 31 December 2015, and comprised 72% of total liabilities (Dec’14:71%) CASA customer deposits comprised 44% of total customer deposits as at 31 December 2015, our strong cash management platform continues to be key enabler for ongoing CASA growth Wholesale funding including Euro Commercial Paper accounted for 20% of total liabilities as at 31 December 2015, providing a stable, long-term and reliable source of funding Consumer Banking deposits comprised 29%, Wholesale Banking deposits comprised 41% and Treasury comprised 29% of total customer deposits in 2015 Total Islamic deposits grew 9% year on year to AED 10,222 mn as at 31 December 2015 Consumer Banking* Wholesale Banking Treasury

CASA1 44% Time deposits2 56%

2015 2014

41% 37%

2015 2014

29% 34%

*Consumer banking includes retail and high net worth individuals and their businesses CASA1 45% Time deposits2 55%

Customer deposit breakdown

Total liabilities = AED 199,534 mn 2015

Composition of liabilities

% contribution to total deposits by business segment Customer deposits = AED 126,011 mn 2014 Customer deposits = AED 143,526 mn 2015

Figures may not add up due to rounding differences

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Q4/FY 2015 Investor presentation

Euro commercial paper 3% Due to banks 1% Other liabilities 5% Derivative financial instruments 2% Borrowings 17%

Wholesale funding and maturity profile

As at 31 December 2015

5,700 873 551 2,017 735 735 731 4,034 177 3,595 2,696 5,631 5,299 1,841 3,285 990 284 2016 2017 2018 2019 2020 and beyond

Repo Sukuk MTN/GMTN Sub debt Syndicate loans Bilateral loans CD ECP ¹ Does not Include fair value adjustment on short, medium and long term borrowings being hedged Interbank lending: Deposits and balances due from banks + reverse repo placements with Banks + Certificate of deposits with UAE Central Bank – Due to banks

Source of funds AED mn GMTN/EMTN¹ 17,397 Subordinated debt 4,034 Euro commercial paper 5,700 Others (Repo) 4,559 Islamic sukuk notes 1,841 Bilateral loans 3,302 Syndication loan 1,465 Certificate of deposit issued 873 Total 39,171

4,446 5,631 9,333 7,337 12,427

Diversified sources of funding by markets, tenors, currencies and products

Net lender of

AED 22 bn*

in the interbank markets As at 31 December 2015

Maturity profile Wholesale funding split

* Includes AED 6.6 bn of certificate of deposits with UAE Central Bank and AED 2.4 bn of reverse repo placements with Banks as at 31 December 2015

As at 31 December 2015 (AED mn)

Figures may not add up due to rounding differences

13 |

Q4/FY 2015 Investor presentation

2014 2015

21.03% 19.76%

2014 2015

Robust capital position and continued emphasis on liquidity

As at 31 December 2015, the Bank’s capital adequacy ratio (Basel II) was 19.76% and Tier I ratio was 16.29% compared to 21.03% and 17.01% respectively as at 31 December 2014. Decline in CAR was mainly on account of a change in asset mix. As at 31 December 2015, total risk weighted assets were AED 176 bn The capital adequacy ratio minimum requirement stipulated by the UAE Central Bank is 12% and Tier I minimum requirement is 8% As at 31 December 2015, the Bank’s liquidity ratio was 25.8% compared to 25.2% in 2014 and loan to deposit ratio in 2015 improved to 107.07% from 111.55% as at 31 December 2014 The Bank was a net lender of AED 22 bn in the interbank markets as at 31 December 2015 (includes AED 6.6 bn of certificate of deposits with UAE Central Bank and AED 2.4 bn reverse repo placements with banks) 137 157 4 6 12 13 2014 2015

Credit risk Market risk Operational risk 111.55 107.07 2014 2015 25.2 25.8 2014 2015 15,455 22,330 2014 2015 Liquidity ratio* (%) Loan to deposit ratio (%)

Liquid assets include cash and balances with Central Banks, deposits and balances due from banks, reverse repo placements, trading securities, and liquid investments Liquidity ratio: liquid assets/total assets

Highlights

Interbank lending (AED mn)

176 153 17.01% 16.29%

2.28%

Perpetual notes ratio

14.01%

Core tier 1 ratio

2.62% 14.39%

Capital adequacy ratio (%) Tier I and core tier I ratios (%) Risk weighted assets (AED bn) Strong liquidity

Figures may not add up due to rounding differences

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Q4/FY 2015 Investor presentation

AAA to AA-, 25% A+ to A-, 31% BBB+ to BBB-, 31% BB+ to B-, 6% Unrated, 7%

By issuer

Investment securities 97% of total portfolio invested in bonds

Investment securities portfolio increased to AED 20,864 mn as at 31 December 2015, providing additional layer of liquidity for the Bank 97% of the total portfolio was invested in bonds issued by government, corporate, public sector, banks and financial institutions Average life of the investment securities portfolio is 2.6 years 52% invested in the UAE and other GCC countries

Portfolio summary:

Non Government Bond Portfolio – 74% of total bond portfolio 88% of the bond portfolio was rated BBB- or higher

– Rated A- or better: 57% – Rated Investment grade (i.e. BBB+ to BBB-): 31% – Rated below IG (BB+ and below including unrated): 12%

10% is invested in local public sector bonds which are rated below A- 26% of the portfolio is invested in Government securities

97%

Invested in bonds

Government Securities 26% Others* 5% Bonds Public sector 29% Bonds Banks and FI 40%

* Include corporate bonds, equity instruments and mutual funds

Highlights

By region

52%

Invested in the UAE and GCC

Other GCC Countries 8% Europe 13% Rest of the world 8% Asia 20% Domestic 45% USA 6%

Investments

Total bond portfolio = AED 20,305 mn Credit ratings as at 31 December 2015 (Standard & Poor’s) Maturity profile of investment securities portfolio (AED mn)

2017 2018 2016 2020 2021 2019 2023 2024 2022 2026 2027 2025 3,849 2,312 6,011 3,045 1,027 2,182 447 107 954 21 38 23 Figures may not add up due to rounding differences

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Q4/FY 2015 Investor presentation

1.73% 2011 1.20% 2012 0.90% 2013 0.48% 2014 0.29% 2015 2.61% 2010

Strong asset quality metrics, with cost of risk at record low level

137.1% 128.5% 2014 2015 3.1% 3.0% 2014 2015

3,857 * 3,376 * 2,921 2,969 2014 2015

Non-performing loans and impairment allowances (AED mn)

4,611 4,834 2014 2015

Cost of risk Non-performing loan ratio (%)

Cost of risk for 2015 was 29 bps compared to 48 bps in 2014 Charges for impairment allowances on loans and advances, net of recoveries amounted to AED 500 mn in 2015, compared to AED 811 mn in 2014, 38% lower year on year As at 31 December 2015, non-performing loans (NPL) and provision coverage ratios were 3.0% and 128.5% respectively, compared to 3.1% and 137.1% as at 31 December 2014 As at 31 December 2015, non-performing loans were AED 4,834 mn compared to AED 4,611 mn as at 31 December 2014 Collective impairment allowance balance was AED 2,969 mn and 1.89% of credit risk weighted assets and individual impairment allowance balance was AED 3,376 mn as at 31 December 2015 Individual impairment Collective impairment

Highlights Provision coverage ratio¹ (%)

Cost of risk: Total provisions charged (net of recoveries) including investments/average loans & advances and investments Figures may not add up due to rounding differences

NPLs 16 | Q4/FY 2015 Investor presentation

¹ Excludes Dubai World exposure and related provision as the client is performing since 2011 in accordance with the new restructured terms * Includes provision for Dubai World exposure

Summary

“The Difference Is: Ambition + Discipline”, building on our proven strategy delivering measured and profitable growth, and remain focused on our core geography and core businesses In 2015, delivered a record return on equity of 20.3%, and a record net profit of AED 4,927 mn, up 17% year on year Loans remained well diversified, Wholesale Banking loans (gross) were up 7% and Consumer Banking loans (gross) were up 10% year on year We continue to seek growth through a granular build to our balance sheet, and remain disciplined in our funding approach, with any future growth funded through an increase in customer deposits Cost to income ratio was 34.2%, within our target range Asset quality indicators continued to be strong, cost of risk for 2015 was 29 bps, NPL and provision coverage ratios were 3.0% and 128.5% respectively as at 31 December 2015 Robust capital position with a CAR of 19.76% and Tier I of 16.29% as at 31 December 2015

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Q4/FY 2015 Investor presentation

Macro overview Appendix 2015 Financial highlights

ADCB franchise 2015 2014

Number of retail customers 690,000 580,000 Number of wholesale clients 52,000 49,000 Market cap (AED bn)* 34 37 Branch network (UAE)¹ 49 50 Overseas branches² 3 3 Market share of loans, gross (%) 10.8 10.7 Market share of deposits (%) 9.8 8.9 Total assets (AED bn) 228 204 Total equity (AED bn) 29 26 Net profit (AED bn) 4.927 4.201

¹ Excludes pay offices ² Two branches in India and one branch in Jersey * Excluding treasury shares

Commercial bank which offers a wide range of products under: Established in 1985 and is listed on the ADX with a market cap of AED 34 bn as at 31 December 2015 Serves over 690,000 retail customers and over 52,000 corporate and SME clients Maintained consistent market share of loans and deposits, 10.8% and 9.8% respectively as at 31 December 2015 Operates from 49 branches, 3 pay offices and 2 branches in India, 1 branch in Jersey and a representative office in London and Singapore Over 5,000 employees Ratings

• S&P: A/A-1/Stable
• Fitch: A+/F1/Stable
• RAM: AAA/P1/Stable

58.08%

• wned

by ADIC

Free float foreign investors 11.65% Abu Dhabi Investment Council (ADIC) 58.08% Abu Dhabi Commercial Bank Held as treasury shares as part of the share buyback programme 7.10% Free float - Individuals, Corporates, and UAE royal family members 23.17%

ADCB overview

Consumer Banking Wholesale Banking Treasury & Investments Property Management

ADCB at a glance

19 |

Q4/FY 2015 Investor presentation

Ownership structure (31 December 2015)

ADCB against peers: Highest NIM and ROE while maintaining robust capital ratios

NIM: Net interest margin, CAR: Capital adequacy ratio, NPL: Non- performing loan ROE: Return on equity: (Annualised) Net profit attributable to equity shareholders is considered, i.e., net profit after deducting minority interest and coupon on Tier 1 capital notes Cost of risk: Total provisions charged (net of recoveries) including investments/average loans & advances and investments

2015

Balance sheet (AED bn)

Net Loans

153.7 205.9 149.8 68.4 270.6

Total Deposits

143.5 233.8 142.5 74.8 287.2

Total Equity

28.7 43.2 35.9 17.7 50.7

Key performance indicators (%)

ROE

20.3 14.3 18.9 11.7 16.6

NIM (calc.)

3.27 2.03 3.35 3.20 3.10

CAR

19.8 16.7 17.5 19.4 20.7

NPL ratio*

3.0 3.0 3.1 3.8 7.2

Provision coverage ratio*

128.5 95.0 91.1 100.7 109.2

Cost of risk

0.29 0.34 0.86 0.96 1.25

* Peers do not classify loans that are 90 days past due as impaired loans, above NPL and coverage ratio factor this in account

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Q4/FY 2015 Investor presentation

Covers retail, wealth management and Islamic

• perations

Growth in consumer banking underpinned by an increased product offering, expansion of sales and distribution infrastructure and effective cross-selling Co-branded Visa Cards with Etihad Airways Touchpoints – Unique market leading rewards programme for customers Relationship coverage to SMEs and large corporate clients, financial institutions, Indian

• perations, international

business development, strategic client operations, corporate finance and investment banking JV with Macquarie Bank covering infrastructure funds Established cash management franchise Disciplined management of balance sheet growth and well monitored asset quality Strategic relationship with Bank

• f America Merrill Lynch and

Banco Santander to allow clients who require services in the region to access capabilities provided by ADCB Treasury business and investment portfolio provides interest rate, commodities and foreign exchange services Covers money market, FX, interest rates, currency, commodity derivatives and asset & liability management

Consumer Banking Wholesale Banking Treasury and Investments Property Management

Includes real estate and property management activities Comprises real estate management and engineering service operations of subsidiaries - Abu Dhabi Commercial Properties, Abu Dhabi Commercial Engineering Services, investment properties and rental income of ADCB

Our business segments provide a diversified revenue stream

21 |

Q4/FY 2015 Investor presentation

Q1'15 Q2'15 Q3'15 Q4'15

2010 2.61% 2011 1.73% 2012 1.20% 2013 0.90% 2014 0.48% 2015 0.29%

8.8

years Average time span of Executive management

Our five strategic pillars

Net promoter score (NPS)*

90%

gross loans within the UAE

CASA deposits/total deposits Cost of risk

The Difference Is: Ambition + Discipline

1

Growth through a UAE-centric approach with controlled internationalisation

2

Stability through liability growth

3

Maintain a culture of service excellence and efficiency

4

Manage our risk in line with pre-defined risk strategy

5

Success through staff

UAE centric Sustainable growth Customer centric Risk - aware Talent driven

* NPS is based on customers' likelihood to recommend ADCB to a friend or colleague. NPS is calculated as the percentage of customers who are promoters, rating the company 9 or 10 on a 0 to 10 point scale, minus the percentage who are detractors, rating it 6 or lower. Starting date for Consumer Banking Group measurement commenced later than that of Wholesale Banking, as indicated in the graph above

22 |

Q4/FY 2015 Investor presentation

Wholesale Banking Consumer Banking Servicing my relationship with ADCB Helping me finance my ambition 2010 24% 2011 27% 2012 33% 2013 39% 2014 45% 2015 44%

Situated to benefit from UAE economic growth

Government projects will continue to provide opportunities for all of ADCB’s businesses Despite weaker oil prices, progress expected with core projects Government remains focused on driving economic diversification

Supportive principal shareholders

The Government (Abu Dhabi Investment Council) owns 58.08%

• f the issued share

capital Long-standing government related corporate client base

Robust capital ratios, stable liquidity & funding profile, healthy asset quality

Total CAR of 19.76%, Tier I capital ratio of 16.29% Net lender of AED 22 bn* in the interbank markets as at 31 December 2015 Strong risk management culture, NPL ratio of 3.0% and provision coverage ratio of 128.5% as at 31 December 2015

Strong domestic franchise with a well known and trusted brand

Broad portfolio of innovative consumer and wholesale products Over 690,000 retail customers and over 52,000 corporate customers Customised cash management and trade finance solutions Strategic partnerships with Bank of America Merrill Lynch and Banco Santander

Measured growth, sustainable profitability

Resilient balance sheet and disciplined growth Between 2010 -2015, total assets increased 28% whilst operating income grew 65% ROE of 20.35%, amongst the highest in our peer group

Core strengths

Management team has experience in international and regional institutions Regional leader in corporate governance, maintaining high standards with clear framework and policies emphasising transparency, integrity, accountability and fairness

Experienced management team and strong corporate governance culture

* Includes AED 6.6 bn of certificate of deposits with UAE Central Bank and AED 2.4 bn of reverse repo placements with Banks as at 31 December 2015

23 |

Q4/FY 2015 Investor presentation

Corporate Governance structure

Recognised as a regional leader in Corporate Governance

Board committees

Audit & Compliance Committee Corporate Governance Committee Nomination, Compensation & HR Committee Risk & Credit Committee

Management Committees

Management Executive Committee (MEC)

Management Human Resource Committee (MHRC) Liabilities and Initiatives Committee (LICO) Senior Management Committee (SMC) Assets & Liabilities Committee (ALCO) Management Risk & Credit Committee (MRCC) Management Recoveries Committee (MRC) Capital Expenditure Committee (CEC) Financial Performance Management Committee (FPMC) International Operations & Alliances Committee (MIBC)

Board

Board of Directors

Government Relations Group Human Resources Group Wholesale Banking Group Consumer Banking Group Treasury & Investments Group Group Business Services Group Finance Risk Group

Structure and composition Maintain high standards in Corporate Governance, winning “Best Corporate Governance in UAE” from World Finance Magazine in 2015 and for the second time in three years, the Hawakamah Bank Corporate Governance Award in 2014 The Bank’s governance structure is headed by the Board which has overall responsibility for guiding the Bank The Bank has a number

• f

Board committees and management committees which oversee and monitor day to day activities of the Bank Our reporting lines are an important part of our governance structure:

• Group Chief Risk Officer is independent and reports to the

Board Risk Credit Committee (BRCC)

• Group Chief Internal Audit is independent and reports to the

Board Audit & Compliance Committee (BACC)

• Group General Counsel and Board Secretary is independent

and has a dual reporting line to the Board and the GCEO

The Bank appointed Sir Gerry Grimstone as an independent Adviser to its Board of Directors During 2013, Aysha Al Hallami was appointed as Director, first woman to be appointed to the Bank’s Board of Directors, in line with international trends and the Bank’s efforts to promote greater diversity at the Board level Highlights

Internal Audit Group Group Chief Executive Officer Legal and Board Secretariat Group

BACC BRCC

24 |

Q4/FY 2015 Investor presentation

Effective risk management is fundamental to our core strategy

Business units Risk management Independent assurance

Three lines of defence Highlights

25 |

Q4/FY 2015 Investor presentation

Our risk appetite is approved by the Board Continue to upgrade our risk management capabilities and strict enforcement

• f discipline is applied on the business side using measures such as RAROC

(Risk adjusted Return on Capital) As a result of this continuing discipline our portfolio achieved the following results:

• Top 20 largest customer exposure reduced from 37.04% of gross loans in 2014 to

35.26% in 2015

• NPL rate of 3% lower than last year’s
• Provision coverage of 128.5% remained conservatively cushioned
• Average portfolio quality has remained stable, notwithstanding a negative trend in

credit conditions

• LCR is well above BCBS (Basel Committee on Banking Supervision) standard

requirements at this time

• Concentration reduction by name and sector

Our capital adequacy ratio remains above UAE Central Bank hurdle rate and amongst the strongest in the country. Continued work on enhancing our risk management capabilities will help us to prepare for Basel III requirements

First line

ADCB’s business units including all business areas and functions are accountable for owning and managing the risks which exist in their area within a defined risk appetite framework

Second line

Independent monitoring and control functions are accountable for owning and developing the risk and control frameworks. The second line of defense is independent from the business and accountable for overseeing and challenging the first line of defense on the effective management of its risks

Third line

Group Internal Audit and External Audit provide independent assurance on the appropriateness of the design and operational effectiveness of risk management and internal control processes that mitigate ADCB’s key risks Treasury Wholesale banking Consumer banking Property management Credit Risk Compliance Internal audit External audit

Principal risks

Credit Risk Managing concentrations, growth of granular businesses and improvement in average portfolio quality. Effective pricing tools to price risk appropriately Market Risk Implements valuation and risk policies for all Level 1 and Level 2 financial instruments in the trading book through measures like VaR, SVaR, Expected Shortfall Liquidity & Funding Risk Diversified funding through retail and wholesale operations. Strive to maintain sticky deposits. Treasury Department ensures access to diverse sources of funding Capital Risk Manage via techniques based on guidelines developed by the Basel Committee and CB of the UAE. Prepare ICAAP document annually (capital planning) Operational Risk Using top risk analysis and risk and control assessment (RCA) process to monitor and manage operational risk Regulatory Risk Member of UAE Banks Federation and actively try to influence regulations. Regulatory compliance is closely monitored by the Risk and Audit areas Information Security Risk Information –risk heat map against cyber threats is continually updated. Regular security testing and effective security controls Reputational Risk Set policy and provide guidance to avoid reputational risk relating to business engagements and lending clients in sensitive industry sectors

5,000 6,069 6,595 7,320 7,529 8,260 2011 2012 2013 2014 2015 2010 3,351 4,006 4,526 4,961 4,966 5,434 2011 2012 2013 2014 2015 2010

Our journey: Income statement highlights

26 |

Q4/FY 2015 Investor presentation

Operating income (AED mn) Operating profit (AED mn) 3,287 2,398 1,710 1,334 762 502 2010 2011 2012 2013 2014 2015 Cost to income ratio (%) Impairment allowance charge (AED mn) 30.9% 33.1% 31.4% 32.2% 34.0% 34.2% 2010 2011 2012 2013 2014 2015

63 56 44 36 28 25 2015 2014 2013 2012 2011 2010

Our journey: Balance sheet highlights

27 |

Q4/FY 2015 Investor presentation

Net loans and advances (AED bn) Customer deposits (AED bn) Capital generation (AED mn) CASA deposits (AED bn)

381 3,026 2,736 3,365 4,050 4,924 (243) (237) (240) (240) (186) (129) (1,118) (1,398) (1,561) (2,079)

• (31)

(1,797) (12) (17)

2010 2011 2012 2013 2014 2015

Net profit attributable to equity holders of the Bank Capital notes coupon paid Dividends paid Share buy back

138 2,789 1,347 (70) 2,291 2,699 106 109 109 115 126 144 2011 2012 2013 2014 2015 2010 123 125 123 132 141 154 2011 2012 2013 2014 2015 2010

Business overview Appendix 2015 Financial highlights

2 4 6 8 10 12 14 16 18 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Chemical Construction Gas Industrial Oil Power Transport Water 45 50 55 60 65 70 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 PMI New Export Orders Index New Orders/Incoming New Business Index Output/Business Activity Index

• 6
• 4
• 2

2 4 6 8 10 12 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015f 2016f Non-oil Sector Oil Sector Headline Growth USD billion

Positive contribution to headline GDP growth from both oil and non-oil sectors to moderate Total UAE project awards fall, but progress continues with core projects UAE’s average oil production higher in 2015, with aim of retaining market share

Source: Market Economics PMI: Purchasing Managers Index Source: MEED Projects, ADCB

UAE economic overview : Economic activity moderating Fiscal policy responses positive for medium term outlook

PMI data reflects the softening in non-oil activity, though remaining solid

Source: Bloomberg

PP contribution to real GDP growth

Source: UAE National Bureau of Statistics, ADCB estimates

‘000 bpd

Index; reading above 50 indicates an expansion

29 |

Q4/FY 2015 Investor presentation

UAE’s economy is showing signs of a contained slow down on the back of sharply weaker oil price, softening real estate prices in Dubai, the strong USD, and gradual fiscal and monetary tightening Nevertheless continuation of core investment projects, healthy performance of key service sectors (such as tourism and transportation), diverse economic base and strong FX reserves support the economic outlook Expect headline real GDP growth moderate to 2.7% in 2016 from 3.1% in 2015 and real non-oil GDP growth decelerate to 2.5% from 3% in 2015 UAE oil production rose 4.1% YoY in 2015 to an average of 2.88 million bpd, oil production forecast to remain strong going forward PMI data reflects the softening in non-oil activity with weakening in new non-oil export orders. Wider data still indicate core sectors (tourism, transportation & logistics) seeing solid growth Real non-oil GDP growth should start to strengthen from 2017 onwards as the pace of investment likely to accelerate ahead of Dubai Expo 2020 Non-oil sector to benefit from loosening Iran sanctions in 2016, pick up in Iran’s economic activity should boost trade and financials flows with the UAE UAE annual average inflation to moderate with lower fuel prices in 2016 The reforms include a reduction in utility subsidies in Abu Dhabi, (introduced in January) and UAE wide fuel (diesel and gasoline) price liberalisation (since August)

2,000 2,200 2,400 2,600 2,800 3,000 3,200 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 UAE Oil Production Annual Average

• 6
• 4
• 2

2 4 6 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Total Private Sector Business & Industrial Sector Individuals

UAE Banking sector is ranked largest in the GCC in terms of assets, comprises of 23 local banks with 874 branches and 26 foreign banks with 86 branches YoY credit growth (7.4% in January 2016) outstripping deposit growth (4.2%) Some improvement in Government and GRE net deposits at the end of 2015, with a pickup in GRE deposits in the banking system and a slight moderation in government borrowing Private sector credit growth stood at 7.6% YoY in January 2016, down from 12.7% YoY in January 2015. There has been a deceleration credit growth to corporate credit growth, whilst retail credit growth has generally been stronger Interbank lending rates increased from their lows seen in 2015 as banking sector liquidity tightened and with the expectations of a rate hike in the US. Interbank rates have ticked down marginally in early 2016 Banking sector is strongly capitalised, and has ample provisions to deal with the expected slowdown in economic activity

2 4 6 8 10 12 14 90 92 94 96 98 100 102 104 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Loan-to-Deposit Ratio (LHA) Credit Growth, y-o-y (RHA) Deposit Growth, y-o-y (RHA)

Retail credit growth stronger than corporate credit growth in 2015

0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 12-Jan-14 12-Mar-14 12-May-14 12-Jul-14 12-Sep-14 12-Nov-14 12-Jan-15 12-Mar-15 12-May-15 12-Jul-15 12-Sep-15 12-Nov-15 12-Jan-16 EIBOR 3M EIBOR 6M

Government and GRE net deposits in banking sector fall from Q3’14 UAE Interbank rates start to rise from historical lows with tighter banking sector liquidity Banking sector liquidity tightening as credit growth outstrips deposit growth

UAE banks overview : Liquidity tightening Credit growth continues to outstrip deposit growth

Source: Bloomberg Source: Central Bank of UAE Source: Central Bank of UAE

L-to-D ratio (LHA); % change y-o-y (RHA)

Source: Central Bank of UAE

AED billion % change m-o-m %

30 |

Q4/FY 2015 Investor presentation

(60) (40) (20)

• 20

40 60 80 100 120 140 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 GRE Net Deposits Government Net Deposits Total Net Deposits

Macro overview Business overview 2015 Financial highlights

Extracts from latest reports issued by Standard & Poor’s (4 August 2015) and Fitch Ratings (17 August 2015) on ADCB, Note: These quotes are excerpts from Standard & Poor’s and Fitch reports, and are qualified by the full reports which investors should refer to. Credit ratings may not reflect all risks and are subject to change at any time

“ADCB is well funded by customer deposits due to its strong franchise…The Bank’s liquidity position is supported by a good stock of highly liquid assets and a very diverse funding mix.” “Capital ratios have improved significantly

• ver the last four years due to a series of

capital strengthening measures, including higher retained earnings.” “ADCB has a high quality management

• team. By focusing on improving deposit

granularity, increasing the amount of low cost current account deposits, and lengthening funding tenors, the Bank has improved its funding profile substantially since 2008… in addition to its declining credit losses, the improving margins enabled the Bank to enhance its returns.”

Rating agency views

32 |

Q4/FY 2015 Investor presentation

“We regard ADCB’s capital and earnings as “strong”. This reflects the bank’s high level of capital, its strong core earnings generation, and manageable dividend payout policy, which enables it to maintain its capitalisation.”

Our aspirations, priorities and objectives…

Our priorities… Our objectives…

Profitably grow assets and volume in line with the market in the segments of

• ur choice, focusing on SMEs/Mid corporates and consumer

Diversify our revenues with increased focus on fee income generation Further improve our agility and execution capabilities Through delivering world class service, make it easier for our customers to bank with us

Aspiration Metric Measure (2015)

Most valuable Total shareholder return 6% Most profitable Return on equity 20.3% Most resilient Earnings per share 93 Fils Most efficient Cost to income ratio 34.2% Best customer service Net Promoter Score Towards service excellence

Build sustainable and quality profits through a repeatable core business and operating model Create the most valuable bank in the UAE in terms of total return to shareholder Retain our conservative risk stance 33 |

Q4/FY 2015 Investor presentation

Customer focus Towards service excellence

34 |

Q4/FY 2015 Investor presentation

Processes fully re-engineered

10

Customer focus groups undertaken

29

We retained the #1 position among our peers across our Wholesale, Mid Corporate, Treasury and Private accounts segments

# 1

Live fast feedback loops

24

Studies undertaken on the voice of the customer

130

Service quality forums and customer experience working groups

22

Mystery shopping surveys

4,601

Service recoveries following feedback from a fast feedback loop

1,994

Staff trained on service standards and Our Promise

5,619

Staff provided feedback on internal service providers

20,600+

Customers spoken to for feedback

60,800

2015

2015 Awards

“SME Banking Innovation Award” Enterprise Agility Awards 2015 “Best Corporate Governance Award 2015” World Finance “Best Trade Finance Bank in UAE” Global Finance “Best for Cash Management in the UAE” Euromoney Award “Best Trade Finance Provider in the UAE” Euromoney Award “Best Customer Service - Corporate Banking” Banker Middle East “Business Leader of the Year” Ala’a Eraiqat, CEO of ADCB Group Gulf Business Industry Awards 2015 “Best Supply Chain Finance Provider Award- Middle East” Global Finance “Best Fund over 3 years, Equity, UAE” for Al Nokhitha Fund Thomson Reuters Lipper Fund Awards 2015 “UAE Domestic Trade Finance Bank of the Year” Asian Banking and Finance’s Wholesale Banking Awards “Best Bank for Cash Management in the Middle East” Global Finance “Best Trade Finance Offering” Banker Middle East “Best local Bank in UAE” GTR MENA’s Leaders in Trade Awards “Best Cash Management” Banker Middle East “Best Affinity Credit Card in the Middle East & Asia/Oceania 2015” Annual Freddie Awards “Best Brand Building Initiative in the Middle East Award” The Asian Banker “Bank of the Year” Gulf Business Industry Awards 2015 “UAE Trade Finance Firm of the Year” Finance Monthly’s Global Awards “Best Human Capital Development Initiative” to Islamic Banking Academy Global Islamic Finance Awards, London “Daman Award for Corporate Health and Wellness Initiative” Daman Corporate Health Awards “Best Islamic Retail Bank in UAE and Islamic Bank of the Year in UAE” The Asset- Hong Kong “Most Innovative Product (Salam Personal Finance) ” International Finance Magazine, London “Best Islamic Banking Window in UAE ” International Finance Magazine, London “Sharia Lawyer of the Year” Kamran Sherwani, Head of Sharia Advisory Global Islamic Finance Awards, London “Trade Finance - Overall quality

• f service in Middle East”

Euromoney Award “Trade Finance - Overall quality

• f service Global – 2nd place”

Euromoney Award “Best Trade Finance Bank in MENA” GTR Leaders in Trade Awards “Best Islamic Trade Finance Bank ” and “Best Trade Finance Bank in UAE” GTR Leaders in Trade Awards 35 |

Q4/FY 2015 Investor presentation

Management team

As at 31 December 2015

From left to right

Arup Mukhopadhyay Group Head of Consumer Banking

Joined ADCB: 2005 Previous Experience : Citibank - Head of Wealth Management products and Marketing Director for its UAE customer business. Unilever India – Marketing & Sales

Simon Copleston Group General Counsel

Joined ADCB: 2008 Previous Experience : ADIA – Lawyer to the Emerging Markets Department and the Strategic Investment and Infrastructure teams Over 16 years of banking, finance and corporate law experience UK-qualified Solicitor and has been highly instrumental in the Bank’s recent recognition as a regional leader in corporate governance

Deepak Khullar Group Chief Financial Officer

Joined ADCB: 2008 Previous Experience: Standard Chartered Bank in the Middle East and in Korea, Ernst & Young and Price Waterhouse & Co. (now PricewaterhouseCoopers) Associate of the Institute of Chartered Accountants

• f India and an Associate member of the Association
• f Corporate Treasurers (UK)

Over 25 years of banking & finance experience

Colin Fraser Group Head of Wholesale Banking

Joined ADCB: 2008 Previous Experience: Barclays’ Corporate Banking Director, GCC Associate of the Chartered Institute of Bankers and a fellow of the Royal Society for the Arts Over 17 years of banking & finance experience

Kishore Rao Chief Risk Officer

Joined ADCB: 2009 ABN AMRO, handling various assignments across Asia, Europe and North America, and was previously Chief Credit & Risk Officer at Arab Banking Corporation Over 25 years of banking & risk management experience

Ala’a Eraiqat Group Chief Executive Officer, Executive Director

Joined ADCB in 2004, appointed Deputy CEO in 2007, CEO since February 2009 Over 20 years of banking experience with previous employers including Citibank and Standard Chartered Chairing the following subsidiaries and committees of ADCB: Abu Dhabi Commercial Properties, Abu Dhabi Commercial Engineering Services, ADCB Securities, ITMAM Services, the Management Executive Committee and the Management Risk & Credit Committee

Jerry Möllenkramer Group Chief Operating Officer

Joined ADCB: 2010 Previous Experience: Chief Operating Officer for Royal Bank of Scotland’s Middle East and Africa franchise Executive Director for ABN Amro’s Group Services Division

36 |

Q4/FY 2015 Investor presentation

Abdirizak Mohamed Group Chief Internal Auditor

Joined ADCB: 2006 Previous Experience: NASDAQ Stock Market, NASD (FINRA) and OFHEO (FHFA) Over 20 years of financial industry experience in capital markets management, accounting policy/applications, examinations and auditing, risk management, regulatory oversight, and corporate governance

Kevin Taylor Group Treasurer

Joined ADCB: 2009 Previous Experience : Significant risk and treasury positions with ALICO, Citigroup, Westpac Bank and Merrill Lynch. Chairman of the UAE Banks Federation’s Financial Markets Committee Over 25 years of banking & finance experience

Ali Darwish Group Head of Human Resources

Joined ADCB: 2010 Previous Experience : General Manager, CEO and Head of Distribution positions with Tamweel, Dubai Islamic Bank (DIB) and ABN Amro Over 20 years of banking and finance experience

AED mn 2015 2014 Change% Cash and balances with Central Banks 20,180 15,092 34 Deposits and balances due from banks 14,955 13,189 13 Reverse-repo placements 4,256 2,830 50 Trading securities 62 200 (69) Derivative financial instruments 4,002 4,289 (7) Investment securities 20,864 21,652 (4) Loans and advances, net 153,677 140,562 9 Investment in associate 197 196 1 Investment properties 648 616 5 Other assets 8,572 4,552 88 Property and equipment, net 835 806 4 Intangible assets 19 36 (47) Total assets 228,267 204,019 12 Due to banks 1,692 4,089 (59) Derivative financial instruments 4,741 5,000 (5) Deposits from customers 143,526 126,011 14 Euro commercial paper 5,700 6,375 (11) Borrowings 33,472 30,320 10 Other liabilities 10,403 5,805 79 Total liabilities 199,534 177,601 12 Total shareholders’ equity 28,728 26,408 9 Non -controlling interests 5 10 (52) Total liabilities and shareholders’ equity 228,267 204,019 12

Balance sheet

37 |

Q4/FY 2015 Investor presentation Figures may not add up due to rounding differences

Income statement

Figures may not add up due to rounding differences

AED mn 2015 2014 Change% Interest income and income from Islamic financing 7,797 6,985 12 Interest expense and profit distribution (1,591) (1,401) 14 Net interest and Islamic financing income 6,206 5,585 11 Net fees and commission income 1,438 1,243 16 Net trading income 352 407 (14) Revaluation of investment properties 22 (99) Other operating income 265 273 (3) Non interest income 2,055 1,945 6 Operating income 8,260 7,529 10 Staff expenses (1,689) (1,464) 15 Other operating expenses (986) (941) 5 Depreciation (135) (132) 2 Amortisation of intangible assets (17) (26) (35) Operating expenses (2,827) (2,563) 10 Operating profit before impairment allowances & taxation 5,434 4,966 9 Impairment allowance on loans and advances (753) (1,041) (28) Recovery of loans 253 229 10 Recoveries on written off available for sale investments 11 49 (78) Other impairment (12)

• Share of profit of associates

1

• Overseas income tax expense

(6) (3) NM Net profit for the period 4,927 4,201 17 Attributed to: Equity holders of the Parent 4,925 4,050 22 Non-controlling interests 2 152 (98) Net Profit 4,927 4,201 17

38 |

Q4/FY 2015 Investor presentation

ADCB Investor Relations

Sheikh Zayed Street

• P. O. Box: 939, Abu Dhabi

Email: adcb_investor_relations@adcb.com Tel: +971 2 696 2084 Fax: +971 2 610 9845 Internet: www.adcb.com/investors