BASEL II PILLAR III DISCLOSURES Contents Page · PDF fileBASEL II – PILLAR III...
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016 BASEL II – PILLAR III DISCLOSURES Contents Page Overview 1 Information on subsidiaries and significant investments 4 Consolidated capital structure 5 Capital adequacy 6 Capital requirement for market risk as per standardized approach 9 Gross credit exposure by currency 10 Gross credit exposure by geography 11 Gross credit exposure by economic activity 13 Gross credit exposure as per standardized approach 15 Gross credit exposure as per standardized approach (Rated / Unrated) 17 Exposure subject to deduction as per standardized approach (Rated / Unrated) 19 Credit risk mitigation as per standardized approach 21 Impaired financing by economic activity 22 Impaired financing by geography 24 Reconciliation of changes in provision for impaired financing 26 Quantitative disclosures for equity position in the banking book 27 Gross credit exposure by maturity 32
Transcript of BASEL II PILLAR III DISCLOSURES Contents Page · PDF fileBASEL II – PILLAR III...
EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
BASEL II – PILLAR III DISCLOSURES Contents Page Overview 1 Information on subsidiaries and significant investments 4 Consolidated capital structure 5 Capital adequacy 6 Capital requirement for market risk as per standardized approach 9 Gross credit exposure by currency 10 Gross credit exposure by geography 11 Gross credit exposure by economic activity 13 Gross credit exposure as per standardized approach 15 Gross credit exposure as per standardized approach (Rated / Unrated) 17 Exposure subject to deduction as per standardized approach (Rated / Unrated) 19 Credit risk mitigation as per standardized approach 21 Impaired financing by economic activity 22 Impaired financing by geography 24 Reconciliation of changes in provision for impaired financing 26 Quantitative disclosures for equity position in the banking book 27 Gross credit exposure by maturity 32
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
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OVERVIEW In November 2009, The Central Bank of the United Arab Emirates (“CBUAE”) issued guidelines for implementation of Basel II Capital Accord in the banks in UAE. As per the circular, the Standardized Approach for Credit Risk was to apply immediately with an expectation that internationally active UAE banks and larger institutions will migrate to the Foundation Internal Rating Based (FIRB) in due course. The CBUAE Basel II framework is intended to strengthen the market discipline and risk management while enhancing the safety and soundness of the banking industry in UAE. The guidelines for Pillar 1 – Calculation of Credit Risk pertain to the Standardized Approach of Basel II only. One of the major changes brought in with the new guidelines is the ability to apply, on an asset class basis, risk weightings determined from ratings provided by External Credit Assessment Institutions (“ECAI”) approved by CBUAE. CBUAE requires the Pillar 2 – Supervisory Review Process to focus on each bank’s Internal Capital Adequacy Assessment Process (ICAAP) in addition to Pillar 1 Capital calculations. The ICAAP should include a risk based forward looking view of, but not limited to, Credit, Market and Operational risk Capital. The purpose of Pillar 3 – Market Discipline is to complement the minimum capital requirements (Pillar 1) and the supervisory review process (Pillar 2). The CBUAE supports the enhanced market discipline by developing a set of disclosure requirements which will allow market participants to assess key pieces of information on the scope of application, capital, risk exposure, risk assessment process and hence the capital adequacy of the institution. The Pillar 3 disclosures, based on a common framework, are an effective means of informing the market about the risks faced by a bank, and provide a consistent and understandable disclosure framework that enhances transparency and comparability. In compliance with the CBUAE guidelines and Basel II accord, these disclosures include information on the Group’s risk management objectives and policies, risk assessment processes and computation, capital management and capital adequacy.
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
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OVERVIEW (continued) Quantitative information on risk assessment (per standardized approach) includes: Risk weighted assets of the Group - credit risk, market risk and operational risk Credit risk profile of gross credit exposure by counterparty classifications, rated/
unrated Profile of gross credit exposure by economic activity, geographical region and
maturity Profile of credit risk mitigation by economic activity, geographical region and
maturity Profile of impaired financing receivables by economic activity and geographical
region Information on capital adequacy includes: Capital adequacy computation Capital profile – Tier I and Tier II Introduction The CBUAE supervises Emirates Islamic Bank PJSC (the “Bank”) and its subsidiaries (together referred to as the “Group”) on a consolidated basis, and therefore receives information on the capital adequacy of, and sets capital requirements for, the Group as a whole. The capital requirements are computed at a Group level using the Basel II framework of the Basel Committee on Banking Supervision (“Basel Committee”), after applying the amendments advised by the CBUAE, within national discretion. Basel II is structured around three ‘pillars’: minimum capital requirements (Pillar I); supervisory review process (Pillar II); and market discipline (Pillar III). Pillar III disclosures 2016 Pillar III complements the minimum capital requirements and the supervisory review process. Its aim is to encourage market discipline by developing a set of disclosure requirements which allow market participants to assess certain specified information on the scope of application of Basel II, capital, particular risk exposures and risk assessment processes, and hence the capital adequacy of the institution. Disclosures consist of both quantitative and qualitative information and are provided at the consolidated level.
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
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Future Developments The regulation and supervision of financial institutions is currently undergoing a period of ongoing change in response to the global financial crisis. Increased capital requirements and regulatory focus on Liquidity Risk have been announced by the Basel Committee in October 2010, commonly known as Basel III. These developments are being tracked by the Group and necessary dialogue conducted with the Central Bank of UAE, for timely changes to the Capital Management and Disclosure regimes. Verification The Pillar III Disclosures for the year 2016 have been appropriately verified internally and have been reviewed by the Group’s statutory auditors. Implementation of Basel II guidelines The Group is compliant with Standardized Approach for Credit, Market and Operational Risk (Pillar I) with effect from 31 October 2007. The Bank also assigns capital on other than Pillar I risk categories, for ‘Profit Rate risk on Banking Book’ and for ‘Business Risk’, within the Pillar II framework. Details on Pillar II methodologies are contained in the section – “Capital Management and Stress Testing” of this report. Development on Advanced IRB Approaches (Credit Risk) is a multi-track initiative, the Group will complete migration to advanced approach upon publication of final CBUAE guidelines. Group Structure Emirates Islamic Bank PJSC (formerly Middle East Bank) (the “Bank”) was incorporated by a decree of His Highness the Ruler of Dubai as a conventional Bank with a limited liability in the Emirate of Dubai on 3rd of October 1975. The Bank was reregistered as a Public Joint Stock Company in July 1995 and is regulated by the Central Bank of United Arab Emirates. At an extraordinary general meeting held on 10th of March 2004, a resolution was passed to transform the Bank’s activities to be in full compliance with the Sharia rules and principles. The entire process was completed on 9th of October 2004 (the “Transformation Date”) when the Bank obtained the UAE Central Bank and other UAE authorities’ approvals. The Bank is a subsidiary of Emirates NBD PJSC, Dubai (the “Group Holding Company”). The ultimate parent company of the Group Holding Company is Investment Corporation of Dubai, a company in which the Government of Dubai is the major shareholder. The Bank is listed in the Dubai Financial Market.
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
4
In addition to its head office in Dubai, the Bank operates through 61 branches in the UAE. The financial statements combine the activities of the Bank’s head office, its branches and the following subsidiaries (together referred to as “the Group”).
Date of incorporation & country
Principal activity
Ownership %
2016 2015
Emirates Islamic Financial Brokerage Co. LLC
26 April 2006, UAE Financial brokerage services
100%
100%
EIB Sukuk Company Limited 6 June 2007, Cayman Islands
Special Purpose Entity
100%
100%
EI Funding Limited 15 May 2014, Cayman Islands
Special Purpose Entity
100%
100%
The Bank provides full commercial and banking services and offers a variety of products through Islamic financing and investing instruments in accordance with Islamic Sharia. The Bank’s registered office address is P.O. Box 6564, Dubai, United Arab Emirates. The Group consolidated financial statements for the year ended 31 December 2016 have been approved for issuance by the Board of Directors on 15 January 2017. Consolidated Capital Structure The Group’s regulatory capital is calculated as per the guidelines issued by CBUAE and it comprises: a. Tier 1 Capital which is considered as the core measure of the Group’s financial
strength and includes share capital, reserves, and retained earnings and; b. Tier 2 Capital which consists of qualified subordinated debts and allowed portions
of revaluation reserves & general provisions. The Bank’s share capital as at 31 December 2016 comprised of 5,430,422,000 issued and fully paid shares of value AED 1 each. The detailed breakdown of the capital structure of the bank is as follows:
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
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Particulars 2016 AED 000
2015 AED 000
---------------- ---------------- Tier 1 Capital 1. Paid up share capital/ common stock 5,430,422 3,930,422 2. Reserves - - a. Statutory reserve 339,986 329,423 b. Special reserve - - c. General reserve 898,963 839,033 3. Non-controlling interest in the equity of subsidiaries - - 4. Innovative capital instruments - - 5. Other capital instruments - - 6. Surplus capital from insurance companies - - Subtotal 6,669,371 5,098,878 Less: Deductions for regulatory calculation Less: Deductions from Tier 1 capital - - Tier 1 Capital - Subtotal (A) 6,669,371 5,098,878 Tier 2 Capital (B) 533,133 482,222 Less: Other deductions from capitals (C) - - Tier 3 Capital (D) - - Total eligible capital after deductions (A+B+C+D) 7,202,504 5,581,100
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
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Capital Adequacy The Group’s Capital Adequacy ratio as at 31 December 2016 was 16.05% and Tier 1 ratio was 14.86% (in 2015, the Capital Adequacy ratio was 13.22% and Tier 1 ratio 12.08%) against the regulatory requirement of minimum of 12% and 8% respectively. The Group ensures adherence to CBUAE requirements by monitoring its Capital Adequacy against higher internal limits. Emirates Islamic is directly regulated by its local banking supervisor which sets and monitors its capital adequacy requirements. CBUAE also monitors the Capital Adequacy requirements of Emirates NBD at the Group level of which EI is a part of. CAPITAL ADEQUACY (STANDARDISED APPROACH) RISK WEIGHTED EXPOSURE 2016 2015 AED 000 AED 000
Credit risk 41,098,300 38,907,946
Market risk 14,884 25,264
Operational risk 3,756,966 3,272,587
Total 44,870,150 42,205,797
2016 2015
Capital Charge
AED 000 --------------------
Capital Charge AED 000
--------------------- Capital Requirements Credit Risk 4,931,796 4,668,953 Market Risk 1,786 3,032 Operational Risk 450,836 392,710 --------------- ----------------- Total Capital Requirements (Refer Note) 5,384,418 5,064,695 ========= =========
CAPITAL ADEQUACY (STANDARDISED APPROACH) Capital Ratio
2016 ----------------
2015 ---------------------
Total for consolidated Group 16.05% 13.22% Tier 1 ratio for consolidated group 14.86% 12.08%
Note Risk weighted assets as at 31 December 2016 were AED 44.87 billion and as at 31 December 2015 were AED 42.206 billion.
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
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Standardized Approach – Credit risk & credit risk mitigation Under Standardized Approach, all credit exposures are assessed according to the counterparty classifications and against the External Credit Assessment Institutions (“ECAI”) ratings as advised under national discretion (November 2009): Claims on sovereign and central banks in the GCC are risk weighted at 0%. Domestic currency claims on a non-commercial GCC Public Sector Enterprise (PSE) are treated
as claims on their sovereigns if their central bank or monetary authority treats them as such. Foreign currency claims on such a PSE are risk weighted one grade less favorable than its sovereign i.e. 20% risk weight. Claims on other foreign PSEs are risk weighted one grade less favorable than its sovereign.
Claims on commercial companies owned by a GCC sovereign or PSEs that operate as commercial organizations are treated as claims on a corporate and risk weighted in accordance with ratings from acceptable ECAIs.
ECAI ratings are also used to determine the capital requirements against exposures to banks and financial institutions. The group uses option 2 (one of alternative risk weight and ECAI ratings matrices as prescribed in the Basel II accord) for determining the capital requirements in line with the supervisory discretion adopted by the CBUAE.
Claims on corporate entities are risk weighted at prescribed risk weights applicable per the latest ECAI rating of the counterparty. Claims on unrated corporate entities are risk weighted at 100%.
Consumer banking exposure is classified into ‘Qualified Residential Mortgage’, ‘Qualified regulatory retail portfolio’ and ‘Others’; per the CBUAE Basel II guidelines and are risk weighted at 35%, 75% and 100% respectively.
All other assets are classified between ‘assets under higher risk categories’ and ‘others’; and risk weighted at prescribed risk weights.
For standardized capital adequacy calculations, the following rules are applied consistently to determine the appropriate ECAI ratings: Where more ECAI ratings of two acceptable rating agencies are available, the lower (worse) of the
two is considered. Where the ECAI ratings are split evenly between all four rating agencies, the more conservative
ratings are considered. Acceptable ECAI agencies are Moody’s, S&P, Fitch and Capital Intelligence.
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EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
8 C
redi
t Ris
k Th
e to
tal c
apita
l cha
rge
for c
redi
t ris
k as
at 3
1 D
ecem
ber 2
016
is A
ED 4
,931
mill
ion
(201
5: A
ED 4
,667
mill
ion)
. G
RO
SS C
RED
IT E
XPO
SUR
E AS
PER
STA
ND
ARD
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APP
RO
ACH
2016
20
15
G
ross
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Wei
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G
ross
Exp
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isk
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sets
AE
D 0
00
AED
000
AE
D 0
00
AED
000
------
------
------
------
---
------
------
------
- ---
------
------
------
---
------
------
------
----
Cla
ims
on s
over
eign
s 11
,875
,475
29
,755
7,
286,
334
17,5
27
Cla
ims
on n
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l gov
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ent p
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sec
tor e
ntiti
es
439,
833
11,6
54
337,
796
11,3
37
Cla
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on m
ulti-
late
ral d
evel
opm
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anks
14
,514
-
14
,584
-
Cla
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anks
8,
117,
131
3,20
7,66
3 7,
783,
793
2,92
2,31
1
Cla
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on s
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firm
s -
-
-
-
Cla
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orpo
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and
Gov
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ntiti
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RE)
19
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,875
18
,202
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17
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16
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Cla
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incl
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in th
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gula
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il po
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13,5
12,0
03
10,3
83,9
21
12,3
30,1
75
9,24
2,32
7
Cla
ims
secu
red
by re
side
ntia
l pro
perty
7,
031,
906
5,35
0,10
7 5,
234,
614
4,01
3,17
2
Cla
ims
secu
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by c
omm
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al re
al e
stat
e 36
5,98
9 36
5,98
9 2,
417,
879
2,41
7,87
9
Past
due
fina
ncin
g 5,
103,
807
1,57
4,56
0 4,
656,
737
1,74
8,10
4
Hig
her-r
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cate
gorie
s 20
7,99
3 31
1,98
9 45
,664
68
,495
Oth
er a
sset
s 1,
924,
024
1,66
0,45
3 2,
652,
479
2,32
1,51
6
Cla
ims
on s
ecur
itize
d as
sets
-
- -
-
Cre
dit d
eriv
ativ
es (
Bank
s se
lling
prot
ectio
n)
- -
- -
---
------
------
-- ---
------
------
-- ---
------
------
-- ---
------
------
-- To
tal
68,5
23,5
50
41,0
98,3
00
60,3
98,6
25
38,9
07,9
46
==
====
====
= ==
====
====
= ==
====
====
= ==
====
====
=
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EMIRATES ISLAMIC BANK PJSC BASEL II – PILLAR III DISCLOSURES 31 DECEMBER 2016
9
Market Risk Market risks subject to capital charge are as follows: Profit Rate Risk Foreign Exchange Risk Equity Exposure Risk Commodity Risk Options Risk
Capital charge on profit rate risk and equity exposure risk is restricted to Bank’s ‘trading book’, while capital charge on Foreign exchange risk applies on the bank’s entire positions. The total Capital requirement for Market Risk as at 31 December 2016 is AED 1,786 million (2015: AED 3,032 million) as detailed below: CAPITAL REQUIREMENT FOR MARKET RISK AS PER STANDARDISED APPROACH
2016 AED 000
---------------
2015 AED 000
--------------- Profit rate risk -
749
Equity position risk - - Options risk - - Foreign exchange risk 1,786 2,283 ----------------- ----------------- Total capital requirement 1,786 3,032 ========= =========
Operational Risk Basel II framework outlines three methods for calculating the risk charge for operational risk – Basic Indicator, Standardized Approach and Advanced Measurement Approach. The Group presently follows the Standardized Approach. The total capital requirement for Operational Risk as at 31 December 2016 is AED 450.84 million (2015: AED 392.71 million). This charge is computed by categorizing the Group’s activities into 8 business lines (as defined by Basel II guidelines) and multiplying the line’s three year average gross income by a pre-defined beta factor.
10
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
10
RIS
K M
ANAG
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. 33
in th
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and
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Cre
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GR
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31
DEC
EMB
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11
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
11
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w:
GR
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EXP
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BY
GEO
GR
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DEC
EMB
ER 2
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1,37
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92
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157,
389
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318
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101
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419
Afric
a -
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Nor
th A
mer
ica
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389,
288
389,
288
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389,
288
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- -
- -
- -
-
Euro
pe
3,44
3 18
3,09
3 70
7,82
5 89
4,36
1 -
- 3,
386
3,38
6 89
7,74
7
Au
stra
lia
- -
- -
- -
- -
-
O
ther
s 2,
223
413,
172
808
416,
203
- -
- -
416,
203
---
------
------
-- ---
------
------
- ---
------
------
- ---
------
------
---
------
------
----
------
------
----
------
------
----
------
------
----
------
------
----
Tota
l 40
,984
,775
82
3,13
0 21
,286
,442
63
,094
,347
50
8,79
0 -
4,92
0,41
3 5,
429,
203
68,5
23,5
50
==
====
====
==
====
===
====
====
= ==
====
====
==
====
===
====
====
= ==
====
===
====
====
= ==
====
====
O
ther
Ass
ets
incl
ude
Cas
h &
Dep
osits
with
Cen
tral B
ank,
Due
from
Ban
ks, I
nves
tmen
t sec
uriti
es [n
et o
f Suk
uk],
Inve
stm
ent p
rope
rties
, Pro
perty
& E
quip
men
t & O
ther
As
sets
.
12
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
12
The
grou
p’s
cred
it ex
posu
re b
y G
eogr
aphy
and
Eco
nom
ic a
ctiv
ity, b
oth
fund
ed a
nd n
on-fu
nded
is d
etai
led
belo
w (c
ontin
ued)
: G
RO
SS C
RED
IT E
XPO
SUR
E B
Y G
EOG
RAP
HY
(con
tinue
d)
31 D
ECEM
BER
201
5
Fi
nanc
ing
Rec
eiva
bles
AE
D 0
00
------
------
----
Su
kuk
AED
000
---
------
------
-
O
ther
ass
ets
AED
000
---
------
------
-
To
tal f
unde
d AE
D 0
00
------
------
------
-
C
omm
itmen
ts
AED
000
---
------
------
-----
O
TC
deriv
ativ
es
AED
000
---
------
------
-
Oth
er o
ff-ba
lanc
e sh
eet
expo
sure
s AE
D 0
00
------
------
------
-
To
tal n
on-
fund
ed
AED
000
---
------
------
-
To
tal
AED
000
---
------
------
--
U
nite
d Ar
ab
Emira
tes
37,3
27,0
13
359,
362
15,9
83,2
55
53,6
69,6
30
404,
920
- 3,
389,
391
3,79
4,31
1 57
,463
,941
GC
C e
xclu
ding
U
AE
485,
888
120,
468
523,
041
1,12
9,39
7 -
- 49
3 49
3 1,
129,
890
Arab
Lea
gue
(exc
ludi
ng G
CC
) -
- 9,
844
9,84
4 -
- -
- 9,
844
Asia
14
3,52
7 25
7,54
2 22
5,24
4 62
6,31
3 -
- 55
,753
55
,753
68
2,06
6
Af
rica
- -
- -
- -
- -
-
N
orth
Am
eric
a -
- 68
,123
68
,123
-
- -
- 68
,123
So
uth
Amer
ica
- -
- -
- -
- -
- C
arib
bean
-
- -
- -
- -
- -
Euro
pe
77,0
63
201,
393
184,
435
462,
891
- -
1,76
9 1,
769
464,
660
Aust
ralia
-
- -
- -
- -
- -
Oth
ers
54,3
59
524,
045
1,62
5 58
0,02
9 -
- 72
72
58
0,10
1
------
------
-----
------
------
----
------
------
----
------
------
------
---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- To
tal
38,0
87,8
50
1,46
2,81
0 16
,995
,567
56
,546
,227
40
4,92
0 -
3,44
7,47
8 3,
852,
398
60,3
98,6
25
==
====
====
==
====
===
====
====
= ==
====
====
==
====
===
====
====
= ==
====
===
====
====
= ==
====
====
13
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
13
The
grou
p’s
cred
it ex
posu
re b
y G
eogr
aphy
and
Eco
nom
ic a
ctiv
ity, b
oth
fund
ed a
nd n
on-fu
nded
is d
etai
led
belo
w (c
ontin
ued)
: G
RO
SS C
RED
IT E
XPO
SUR
E B
Y EC
ON
OM
IC A
CTI
VITY
31 D
ECEM
BER
201
6
Fi
nanc
ing
Rec
eiva
bles
AE
D 0
00
------
------
------
Su
kuk
AED
000
---
------
------
O
ther
ass
ets
AED
000
---
------
------
To
tal f
unde
d AE
D 0
00
------
------
-----
C
omm
itmen
ts
AED
000
---
------
------
-----
O
TC
deriv
ativ
es
AED
000
---
------
------
--
Oth
er o
ff-ba
lanc
e sh
eet
expo
sure
s AE
D 0
00
------
------
----
To
tal n
on-
fund
ed
AED
000
---
------
------
To
tal
AED
000
---
------
------
- Ag
ricul
ture
, fis
hing
&
rela
ted
activ
ities
32
,508
-
- 32
,508
-
- 28
0 28
0 32
,788
C
rude
, oil
gas,
min
ing
& qu
arry
ing
- -
- -
- -
- -
-
Man
ufac
turin
g 59
6,41
5 -
- 59
6,41
5 8,
700
- 15
2,40
4 16
1,10
4 75
7,51
9
Con
stru
ctio
n 79
8,38
5 11
,476
-
809,
861
34,2
40
- 1,
179,
552
1,21
3,79
2 2,
023,
653
Trad
e 2,
901,
580
- -
2,90
1,58
0 14
2,00
0 -
409,
234
551,
234
3,45
2,81
4 Tr
ansp
ort,
Stor
age
& C
omm
unic
atio
n 35
5,62
2 -
- 35
5,62
2 -
- 33
,692
33
,692
38
9,31
4 Fi
nanc
ial I
nstit
utio
ns a
nd
Inve
stm
ent c
ompa
nies
1,
334,
745
593,
105
8,10
1,30
9 10
,029
,159
-
- 24
7,29
9 24
7,29
9 10
,276
,458
Rea
l Est
ate
5,24
1,28
6 -
784,
798
6,02
6,08
4 9,
000
- 68
,588
77
,588
6,
103,
672
Serv
ices
3,
527,
329
58,2
69
- 3,
585,
598
70,1
40
- 1,
382,
295
1,45
2,43
5 5,
038,
033
Sove
reig
n 24
1,30
8 14
5,76
7 -
387,
075
- -
- -
387,
075
Pers
onal
21
,999
,600
-
- 21
,999
,600
6,
455
- 13
2,29
5 13
8,75
0 22
,138
,350
Al
l Oth
ers
2,81
2,09
4 14
,513
12
,400
,335
15
,226
,942
23
8,25
5 -
1,31
4,77
4 1,
553,
029
16,7
79,9
71
Add:
Gro
ssin
g up
of
prof
it in
sus
pens
e 1,
143,
903
- -
1,14
3,90
3 -
- -
- 1,
143,
903
---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- ---
------
------
- To
tal
40,9
84,7
75
823,
130
21,2
86,4
42
63,0
94,3
47
508,
790
- 4,
920,
413
5,42
9,20
3 68
,523
,550
====
====
==
====
====
==
====
====
= ==
====
====
==
====
====
==
====
====
==
====
====
==
====
====
==
====
===
14
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
14
The
grou
p’s
cred
it ex
posu
re b
y G
eogr
aphy
and
Eco
nom
ic a
ctiv
ity, b
oth
fund
ed a
nd n
on-fu
nded
is d
etai
led
belo
w (c
ontin
ued)
: G
RO
SS C
RED
IT E
XPO
SUR
E B
Y EC
ON
OM
IC A
CTI
VITY
(con
tinue
d)
31 D
ECEM
BER
201
5
Fina
ncin
g R
ecei
vabl
es
AED
000
---
------
------
---
Su
kuk
AED
000
---
------
------
O
ther
ass
ets
AED
000
---
------
------
To
tal f
unde
d AE
D 0
00
------
------
-----
C
omm
itmen
ts
AED
000
---
------
------
-----
O
TC
deriv
ativ
es
AED
000
---
------
------
--
Oth
er o
ff-ba
lanc
e sh
eet
expo
sure
s AE
D 0
00
------
------
----
To
tal n
on-
fund
ed
AED
000
---
------
------
To
tal
AED
000
---
------
------
- Ag
ricul
ture
, fis
hing
&
rela
ted
activ
ities
17
,277
- 17
,277
-
- 34
5 34
5 17
,622
C
rude
, oil
gas,
min
ing
& qu
arry
ing
- -
- -
- -
- -
-
Man
ufac
turin
g 77
5,47
3 -
- 77
5,47
3 -
- 30
2,01
7 30
2,01
7 1
,077
,490
Con
stru
ctio
n 1,
084,
061
144,
322
- 1,
228,
383
- -
1,03
3,65
2 1,
033,
652
2,26
2,03
5
Trad
e 2,
590,
164
- -
2,59
0,16
4 40
4,92
0 -
284,
121
689,
041
3,27
9,20
5 Tr
ansp
ort,
Stor
age
& C
omm
unic
atio
n 21
5,50
2 74
,322
-
289,
824
- -
85,9
26
85,9
26
375,
750
Fina
ncia
l Ins
titut
ions
and
In
vest
men
t com
pani
es
1,11
8,29
9 63
3,26
4 7,
871,
233
9,62
2,79
6 -
- 14
2,14
9 14
2,14
9 9,
764,
945
Rea
l Est
ate
4,46
0,35
0 -
274,
777
4,73
5,12
7 -
- 5,
205
5,20
5 4,
740,
332
Serv
ices
3,
360,
957
- 51
,000
3,
411,
957
- -
818,
906
818,
906
4,23
0,86
3
Sove
reig
n 34
5,31
2 46
2,60
8 -
807,
920
- -
43,6
89
43,6
89
851,
609
Pers
onal
21
,229
,935
-
- 21
,229
,935
-
- 18
,224
18
,224
21
,248
,159
Al
l Oth
ers
1,91
9,21
7 14
8,29
4 8,
798,
557
10,8
66,0
68
- -
713,
244
713,
244
11,5
79,3
12
Add:
Gro
ssin
g up
of
prof
it in
sus
pens
e 97
1,30
3 -
- 97
1,30
3 -
- -
- 97
1,30
3
------
------
----
------
------
----
------
------
----
------
------
----
------
------
----
------
------
----
------
------
----
------
------
----
------
------
----
Tota
l 38
,087
,850
1,
462,
810
16,9
95,5
67
56,5
46,2
27
404,
920
- 3,
447,
478
3,85
2,39
8 60
,398
,625
====
====
= ==
====
===
====
====
= ==
====
====
==
====
====
==
====
====
==
====
====
==
====
====
==
====
===
15
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
15
The
Gro
ss C
redi
t Exp
osur
es a
s pe
r Sta
ndar
dize
d Ap
proa
ch w
ith th
e ef
fect
of C
RM
as
deta
iled
belo
w:
GR
OSS
CR
EDIT
EXP
OSU
RE
AS P
ER S
TAN
DAR
DIS
ED A
PPR
OAC
H
31 D
ECEM
BER
201
6
On
Bal
ance
She
et
Off
Bal
ance
Sh
eet
C
redi
t Ris
k M
itiga
tion
(CR
M)
Gro
ss
Out
stan
ding
Net
Exp
osur
e af
ter C
redi
t C
onve
rsio
n Fa
ctor
s (C
CF)
Tota
l Gro
ss
Expo
sure
Ex
posu
re B
efor
e C
RM
C
RM
Af
ter C
RM
R
isk
Wei
ghte
d As
sets
AE
D 0
00
------
------
------
-- AE
D 0
00
------
------
------
-- AE
D 0
00
------
------
------
---
AED
000
---
------
------
------
AE
D 0
00
------
------
------
----
AED
000
---
------
------
------
AE
D 0
00
------
------
------
----
Cla
ims
on s
over
eign
s 11
,875
,475
-
11,8
75,4
75
11,8
75,4
75
- 11
,875
,475
29
,755
C
laim
s on
non
-cen
tral g
over
nmen
t pub
lic
sect
or e
ntiti
es
439,
833
- 43
9,83
3 43
9,83
3 -
439,
833
11,6
54
Cla
ims
on m
ulti-
late
ral d
evel
opm
ent b
anks
14
,514
-
14,5
14
14,5
14
- 14
,514
-
Cla
ims
on b
anks
8,
117,
131
- 8,
117,
131
8,11
7,13
1 -
8,11
7,13
1 3,
207,
663
Cla
ims
on s
ecur
ities
firm
s -
- -
- -
- -
Cla
ims
on c
orpo
rate
and
Gov
ernm
ent r
elat
ed
entit
ies
(GR
E)
14,5
01,6
72
5,42
9,20
3 19
,930
,875
19
,930
,875
1,
677,
425
18,2
53,4
50
18,2
02,2
09
Cla
ims
incl
uded
in th
e re
gula
tory
reta
il po
rtfol
io
13,5
12,0
03
- 13
,512
,003
13
,512
,003
5,
817
13,5
06,1
86
10,3
83,9
21
Cla
ims
secu
red
by re
side
ntia
l pro
perty
7,
031,
906
- 7,
031,
906
7,03
1,90
6 -
7,03
1,90
6 5,
350,
107
Cla
ims
secu
red
by c
omm
erci
al re
al e
stat
e 36
5,98
9 -
365,
989
365,
989
- 36
5,98
9 36
5,98
9 Pa
st d
ue fi
nanc
ing
5,10
3,80
7 -
5,10
3,80
7 1,
306,
875
- 1,
306,
875
1,57
4,56
0 H
ighe
r-ris
k ca
tego
ries
207,
993
- 20
7,99
3 20
7,99
3 -
207,
993
311,
989
Oth
er a
sset
s 1,
924,
024
- 1,
924,
024
1,92
4,02
4 -
1,92
4,02
4 1,
660,
453
Cla
ims
on s
ecur
itize
d as
sets
-
- -
- -
- -
Cre
dit d
eriv
ativ
es (B
anks
sel
ling
posi
tion)
-
- -
- -
- -
---
------
------
-----
------
------
------
----
------
------
------
---
------
------
------
----
------
------
------
----
------
------
------
----
------
------
------
----
Tota
l 63
,094
,347
5,
429,
203
68,5
23,5
50
64,7
26,6
18
1,68
3,24
2 63
,043
,376
41
,098
,300
====
====
===
====
====
====
==
====
====
==
====
====
====
==
====
====
==
====
====
====
==
====
====
==
16
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
16
GR
OSS
CR
EDIT
EXP
OSU
RE
AS P
ER S
TAN
DAR
DIS
ED A
PPR
OAC
H (c
ontin
ued)
31
DEC
EMB
ER 2
015
On
Bal
ance
She
et
Off
Bal
ance
Sh
eet
C
redi
t Ris
k M
itiga
tion
(CR
M)
Gro
ss
Out
stan
ding
Net
Exp
osur
e af
ter C
redi
t C
onve
rsio
n Fa
ctor
s (C
CF)
To
tal G
ross
Ex
posu
re
Expo
sure
Bef
ore
CR
M
CR
M
Afte
r CR
M
Ris
k W
eigh
ted
Asse
ts
AE
D 0
00
------
------
------
-- AE
D 0
00
------
------
------
-- AE
D 0
00
------
------
------
---
AED
000
---
------
------
------
AE
D 0
00
------
------
------
----
AED
000
---
------
------
------
AE
D 0
00
------
------
------
----
Cla
ims
on s
over
eign
s 7,
286,
334
- 7,
286,
334
7,28
6,33
4 -
7,28
6,33
4 17
,527
C
laim
s on
non
-cen
tral g
over
nmen
t pub
lic
sect
or e
ntiti
es
337,
796
- 33
7,79
6 33
7,79
6 -
337,
796
11,3
37
Cla
ims
on m
ulti-
late
ral d
evel
opm
ent b
anks
14
,584
-
14,5
84
14,5
84
- 14
,584
-
Cla
ims
on b
anks
7,
783,
793
- 7,
783,
793
7,78
3,79
3 -
7,78
3,79
3 2,
922,
311
Cla
ims
on s
ecur
ities
firm
s -
- -
- -
- -
Cla
ims
on c
orpo
rate
and
Gov
ernm
ent
rela
ted
entit
ies
(GR
E)
13,7
86,1
73
3,85
2,39
7 17
,638
,570
17
,638
,570
1,
338,
104
16,3
00,4
66
16,1
45,2
78
Cla
ims
incl
uded
in th
e re
gula
tory
reta
il po
rtfol
io
12,3
30,1
75
- 12
,330
,175
12
,330
,175
7,
073
12,3
23,1
02
9,24
2,32
7 C
laim
s se
cure
d by
resi
dent
ial p
rope
rty
5,23
4,61
4 -
5,23
4,61
4 5,
234,
614
- 5,
234,
614
4,01
3,17
2 C
laim
s se
cure
d by
com
mer
cial
real
est
ate
2,41
7,87
9 -
2,41
7,87
9 2,
417,
879
- 2,
417,
879
2,41
7,87
9 Pa
st d
ue fi
nanc
ing
4,65
6,73
7 -
4,65
6,73
7 1,
442,
646
- 1,
442,
646
1,74
8,10
4 H
ighe
r-ris
k ca
tego
ries
45,6
64
- 45
,664
45
,664
-
45,6
64
68,4
95
Oth
er a
sset
s 2,
652,
479
- 2,
652,
479
2,65
2,47
9 -
2,65
2,47
9 2,
321,
516
Cla
ims
on s
ecur
itize
d as
sets
-
- -
- -
- -
Cre
dit d
eriv
ativ
es (
Bank
s se
lling
prot
ectio
n)
- -
- -
- -
-
------
------
------
-- ---
------
------
-----
------
------
------
----
------
------
------
----
------
------
------
----
------
------
------
----
------
------
------
----
Tota
l 56
,546
,228
3,
852,
397
60,3
98,6
25
57,1
84,5
34
1,34
5,17
7 55
,839
,357
38
,907
,946
====
====
===
====
====
===
====
====
====
==
====
====
==
====
====
====
==
====
====
==
====
====
====
17
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
17
GR
OSS
CR
EDIT
EXP
OSU
RE
AS P
ER S
TAN
DAR
DIS
ED A
PPR
OAC
H (R
ATED
/ UN
RAT
ED)
31 D
ECEM
BER
201
6
R
ated
U
nrat
ed
Tota
l Gro
ss
Expo
sure
Ex
posu
re B
efor
e C
RM
Af
ter C
RM
R
isk
Wei
ghte
d As
sets
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
---
------
------
-----
------
------
------
---
------
------
------
---
------
------
------
----
------
------
------
---
------
------
------
---
Cla
ims
on s
over
eign
s 23
4,94
2 11
,640
,533
1
1,87
5,47
5 11
,875
,475
11
,875
,475
29
,755
C
laim
s on
non
-cen
tral g
over
nmen
t pub
lic s
ecto
r en
titie
s 58
,269
38
1,56
4 43
9,83
3 43
9,83
3 43
9,83
3 11
,654
Cla
ims
on m
ulti-
late
ral d
evel
opm
ent b
anks
14
,514
-
14,5
14
14,5
14
14,5
14
-
Cla
ims
on b
anks
36
1,93
6 7,
755,
195
8,11
7,13
1 8,
117,
131
8,11
7,13
1 3,
207,
663
Cla
ims
on s
ecur
ities
firm
s -
- -
- -
-
Cla
ims
on c
orpo
rate
and
Gov
ernm
ent r
elat
ed
entit
ies
(GR
E)
125,
654
19,8
05,2
21 1
1
9,93
0,87
5 19
,930
,875
18
,253
,450
18
,202
,209
Cla
ims
incl
uded
in th
e re
gula
tory
reta
il po
rtfol
io
- 13
,512
,003
13,
512,
003
13,5
12,0
03
13,5
06,1
86
10,3
83,9
21
Cla
ims
secu
red
by re
side
ntia
l pro
perty
-
7,03
1,90
6 7,
031,
906
7,03
1,90
6 7,
031,
906
5,35
0,10
7
Cla
ims
secu
red
by c
omm
erci
al re
al e
stat
e -
365,
989
365,
989
365,
989
365,
989
365,
989
Past
due
fina
ncin
g -
5,10
3,80
7 5,
103,
807
1,30
6,87
5 1,
306,
875
1,57
4,56
0
Hig
her-r
isk
cate
gorie
s -
207,
993
207,
993
207,
993
207,
993
311,
989
Oth
er a
sset
s 5,
185
1,91
8,83
9 1,
924,
024
1,92
4,02
4 1,
924,
024
1,66
0,45
3
Cla
ims
on s
ecur
itize
d as
sets
-
- -
- -
-
Cre
dit d
eriv
ativ
es (
Bank
s se
lling
prot
ectio
n)
- -
- -
- -
---
------
------
-- ---
------
------
------
-
------
------
------
---
------
------
------
----
------
------
------
- ---
------
------
---
Tota
l 80
0,50
0 67
,723
,050
68
,523
,550
64
,726
,618
63
,043
,376
41
,098
,300
====
====
===
====
====
====
==
====
====
= ==
====
====
==
====
====
====
==
====
====
==
18
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
18
GR
OSS
CR
EDIT
EXP
OSU
RE
AS P
ER S
TAN
DAR
DIS
ED A
PPR
OAC
H (R
ATED
/ UN
RAT
ED) (
cont
inue
d)
31 D
ECEM
BER
201
5
Rat
ed
Unr
ated
To
tal G
ross
Ex
posu
re
Expo
sure
Bef
ore
CR
M
Afte
r CR
M
Ris
k W
eigh
ted
Asse
ts
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
---
------
------
----
------
------
------
---
------
------
------
---
------
------
------
-----
------
------
------
---
------
------
------
----
Cla
ims
on s
over
eign
s 36
1,62
3 6,
924,
711
7,28
6,33
4 7,
286,
334
7,28
6,33
4 17
,527
C
laim
s on
non
-cen
tral g
over
nmen
t pub
lic s
ecto
r en
titie
s
56,6
87
281,
109
337,
796
337,
796
337,
796
11,3
37
Cla
ims
on m
ulti-
late
ral d
evel
opm
ent b
anks
14
,584
-
14,5
84
14,5
84
14,5
84
- C
laim
s on
ban
ks
411,
078
7,37
2,71
5 7,
783,
793
7,78
3,79
3 7,
783,
793
2,92
2,31
1 C
laim
s on
sec
uriti
es fi
rms
- -
- -
- -
Cla
ims
on c
orpo
rate
and
Gov
ernm
ent r
elat
ed
entit
ies
(GR
E)
538,
555
17,1
00,0
15
17,6
38,5
70
17,6
38,5
70
16,3
00,4
66
16,1
45,2
78
Cla
ims
incl
uded
in th
e re
gula
tory
reta
il po
rtfol
io
- 12
,330
,175
12
,330
,175
12
,330
,175
12
,323
,102
9,
242,
327
Cla
ims
secu
red
by re
side
ntia
l pro
perty
-
5,23
4,61
4 5,
234,
614
5,23
4,61
4 5,
234,
614
4,01
3,17
2 C
laim
s se
cure
d by
com
mer
cial
real
est
ate
- 2,
417,
879
2,41
7,87
9 2,
417,
879
2,41
7,87
9 2,
417,
879
Past
due
fina
ncin
g
-
4,65
6,73
7 4,
656,
737
1,44
2,64
6 1,
442,
646
1,74
8,10
4 H
ighe
r-ris
k ca
tego
ries
- 45
,664
45
,664
45
,664
45
,664
68
,495
O
ther
ass
ets
5,94
7 2,
646,
532
2,65
2,47
9 2,
652,
479
2,65
2,47
9 2,
321,
516
Cla
ims
on s
ecur
itize
d as
sets
-
-
-
-
-
-
Cre
dit d
eriv
ativ
es (
Bank
s se
lling
prot
ectio
n)
-
-
-
-
-
-
------
------
------
---
------
------
----
------
------
------
- ---
------
------
----
------
------
------
- ---
------
------
----
Tota
l 1,
388,
474
59,0
10,1
51
60,3
98,6
25
57,1
84,5
34
55,8
39,3
57
38,9
07,9
46
==
====
====
= ==
====
====
==
====
====
====
==
====
====
==
====
====
====
==
====
====
==
19
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
19
EXPO
SUR
E SU
BJE
CT
TO D
EDU
CTI
ON
AS
PER
STA
ND
ARD
ISED
APP
RO
ACH
(RAT
ED/ U
NR
ATED
) 31
DEC
EMB
ER 2
016
R
ated
U
nrat
ed
Tota
l Gro
ss
Expo
sure
Ex
posu
re B
efor
e C
RM
Af
ter C
RM
R
isk
Wei
ghte
d As
sets
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
---
------
------
-----
------
------
------
---
------
------
------
---
------
------
------
----
------
------
------
---
------
------
------
---
Cla
ims
on s
over
eign
s -
- -
- -
- C
laim
s on
non
-cen
tral g
over
nmen
t pub
lic
sect
or e
ntiti
es
- -
- -
- -
Cla
ims
on m
ulti-
late
ral d
evel
opm
ent b
anks
-
- -
- -
- C
laim
s on
ban
ks
- -
- -
- -
Cla
ims
on s
ecur
ities
firm
s -
- -
- -
-
Cla
ims
on c
orpo
rate
and
Gov
ernm
ent r
elat
ed
entit
ies
(GR
E)
- 5,
172,
813
5,17
2,81
3 5,
172,
813
3,49
5,38
8 3,
495,
388
Cla
ims
incl
uded
in th
e re
gula
tory
reta
il po
rtfol
io
- 5,
817
5,81
7 5,
817
- -
Cla
ims
secu
red
by re
side
ntia
l pro
perty
-
- -
- -
-
Cla
ims
secu
red
by c
omm
erci
al re
al e
stat
e -
- -
- -
-
Past
due
fina
ncin
g
- -
- -
- -
Hig
her-r
isk
cate
gorie
s -
- -
- -
-
Oth
er a
sset
s -
- -
- -
-
Cla
ims
on s
ecur
itize
d as
sets
-
- -
- -
-
Cre
dit d
eriv
ativ
es (
Bank
s se
lling
prot
ectio
n)
- -
- -
- -
---
------
------
-- ---
------
------
------
- ---
------
------
------
---
------
------
------
- ---
------
------
----
------
------
------
Tota
l -
5,17
8,63
0 5,
178,
630
5,17
8,63
0 3,
495,
388
3,49
5,38
8
==
====
====
==
====
====
==
====
====
===
====
====
====
==
====
====
==
====
====
====
20
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
20
EXPO
SUR
E SU
BJE
CT
TO D
EDU
CTI
ON
AS
PER
STA
ND
AR D
ISED
APP
RO
ACH
(RAT
ED/ U
NR
ATED
) (co
ntin
ued)
31 D
ECEM
BER
201
5
Rat
ed
Unr
ated
To
tal G
ross
Ex
posu
re
Expo
sure
B
efor
e C
RM
Af
ter C
RM
R
isk
Wei
ghte
d As
sets
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
---
------
------
----
------
------
------
---
------
------
------
---
------
------
------
-----
------
------
------
---
------
------
------
----
Cla
ims
on s
over
eign
s
-
-
-
-
-
-
C
laim
s on
non
-cen
tral g
over
nmen
t pub
lic
sect
or e
ntiti
es
-
-
-
-
-
-
Cla
ims
on m
ulti-
late
ral d
evel
opm
ent b
anks
-
-
-
-
-
-
Cla
ims
on b
anks
-
-
-
-
-
-
Cla
ims
on s
ecur
ities
firm
s
-
-
-
-
-
-
Cla
ims
on c
orpo
rate
and
Gov
ernm
ent r
elat
ed
entit
ies
(GR
E)
- 3,
909,
899
3,90
9,89
9 3,
909,
899
2,57
1,79
5 2,
571,
795
Cla
ims
incl
uded
in th
e re
gula
tory
reta
il po
rtfol
io
- 7,
073
7,07
3 7,
073
- -
Cla
ims
secu
red
by re
side
ntia
l pro
perty
-
-
-
-
-
-
Cla
ims
secu
red
by c
omm
erci
al re
al e
stat
e
-
-
-
-
-
-
Past
due
fina
ncin
g
-
-
-
-
-
-
H
ighe
r-ris
k ca
tego
ries
-
-
-
-
-
-
O
ther
ass
ets
-
-
-
-
-
-
C
laim
s on
sec
uriti
zed
asse
ts
-
-
-
-
-
-
C
redi
t der
ivat
ives
(Ba
nks
sellin
g pr
otec
tion)
-
-
-
-
-
-
---
------
------
---
------
------
------
- ---
------
------
----
------
------
------
- ---
------
------
----
------
------
------
-
Tota
l -
3,91
6,97
2 3,
916,
972
3,91
6,97
2 2,
571,
795
2,57
1,79
5
==
====
====
= ==
====
====
==
====
====
====
==
====
====
==
====
====
====
==
====
====
==
21
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II –
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
21
CR
EDIT
RIS
K M
ITIG
ATIO
N A
S PE
R S
TAN
DAR
DIS
ED A
PPR
OAC
H
20
16
201
5
G
ross
cre
dit e
xpos
ure
(AED
000
)
Ris
k w
eigh
ted
asse
ts
(AED
000
)
Gro
ss c
redi
t exp
osur
e (A
ED 0
00)
Ris
k w
eigh
ted
asse
ts
(AED
000
)
------
------
------
- ---
------
------
----
------
------
------
- ---
------
------
----
Gro
ss e
xpos
ure
prio
r to
cred
it ris
k m
itiga
tion
68,5
23,5
50
46,5
78,4
74
60,3
98,6
25
43,4
67,2
13
Ex
posu
re c
over
ed b
y on
-bal
ance
she
et n
ettin
g 3,
962,
840
3,96
2,84
0 3,
430,
893
3,43
0,89
2
Expo
sure
cov
ered
by
elig
ible
fina
ncia
l col
late
ral
1,51
7,33
4 1,
517,
334
1,12
8,37
5 1,
128,
375
Ex
posu
res
cove
red
by G
uara
ntee
s -
- -
-
------
------
----
------
------
-----
------
------
----
------
------
-----
Net
exp
osur
e af
ter c
redi
t ris
k m
itiga
tion
63,0
43,3
76
41,0
98,3
00
55,8
39,3
57
38,9
07,9
46
==
====
====
==
====
====
==
====
====
==
====
====
22
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BASE
L II
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
22
The
deta
ils o
f im
paire
d fin
anci
ng b
y G
eogr
aphy
and
Eco
nom
ic A
ctiv
ity a
re a
s be
low
: IM
PAIR
ED F
INAN
CIN
G B
Y EC
ON
OM
IC A
CTI
VITY
31
DEC
EMB
ER 2
016
O
verd
ue (G
ross
of P
rofit
in S
uspe
nse/
Pr
ovis
ions
) Pr
ovis
ions
Ad
just
men
ts
Prof
it in
Su
spen
se
Tota
l Im
paire
d As
sets
Less
than
90
day
s 90
day
s an
d ab
ove
Tota
l Sp
ecifi
c G
ener
al
Writ
e-of
fs
Writ
e-ba
cks
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
---
------
------
---
------
------
---
------
------
-- ---
------
------
-- ---
------
------
---
------
------
-- ---
------
------
-- ---
------
------
-- ---
------
------
-- Ag
ricul
ture
, fis
hing
& re
late
d ac
tiviti
es
- -
- -
- -
- -
- C
rude
, oil
gas,
min
ing
& qu
arry
ing
- -
- -
- -
- -
- M
anuf
actu
ring
- 85
,010
85
,010
83
,377
-
- 43
1,
621
11
Con
stru
ctio
n -
237,
673
237,
673
98,6
38
- -
- 4,
118
134,
917
Trad
e -
560,
424
560,
424
531,
182
- -
3,64
2 29
,121
12
1 Tr
ansp
ort,
Stor
age
& C
omm
unic
atio
n -
5,97
6 5,
976
5,15
3 -
- 28
9 57
7 24
6 Fi
nanc
ial I
nstit
utio
ns
- 40
3,98
6 40
3,98
6 14
6,42
3 -
- 17
6,39
0 39
,328
21
8,23
5 R
eal E
stat
e -
1,39
7,41
2 1,
397,
412
801,
555
- -
110,
416
312,
448
283,
408
Serv
ices
-
724,
339
724,
339
453,
923
- -
9,87
8 29
,279
24
1,13
8 So
vere
ign
- -
- -
- -
- -
- Pe
rson
al
- 1,
390,
474
1,39
0,47
4 26
1,93
4 -
833,
629
98,2
29
713,
806
414,
733
All O
ther
s -
300,
246
300,
246
270,
843
- -
192,
186
13,6
05
14,0
67
---
------
----
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- ---
------
----
------
------
-- ---
------
-----
Tota
l -
5,10
5,54
0 5,
105,
540
2,65
3,02
8 -
833,
629
591,
073
1,14
3,90
3 1,
306,
876
==
====
==
====
====
==
====
===
====
====
= ==
====
==
====
====
= ==
====
==
====
====
= ==
====
===
23
EMIR
ATES
ISLA
MIC
BAN
K PJ
SC
BASE
L II
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
23
IMPA
IRED
FIN
ANC
ING
BY
ECO
NO
MIC
AC
TIVI
TY (c
ontin
ued)
31
DEC
EMB
ER 2
015
Ove
rdue
(Gro
ss o
f Pro
fit in
Sus
pens
e/
Prov
isio
ns)
Prov
isio
ns
Adju
stm
ents
Pr
ofit
in
Susp
ense
Tota
l Im
paire
d As
sets
Less
than
90
days
90
day
s an
d ab
ove
Tota
l Sp
ecifi
c G
ener
al
Writ
e-of
fs
Writ
e-ba
cks
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
---
------
------
---
------
------
---
------
------
-- ---
------
------
-- ---
------
-----
------
------
-----
------
------
---
------
------
-----
------
------
----
Agric
ultu
re, f
ishi
ng &
rela
ted
activ
ities
-
- -
- -
- -
- -
Cru
de, o
il ga
s, m
inin
g &
quar
ryin
g -
- -
- -
- -
- -
Man
ufac
turin
g -
59,4
96
59,4
96
9,02
8 -
1,21
3 14
,634
-
50,4
68
Elec
trici
ty a
nd w
ater
-
- -
- -
- -
- -
Con
stru
ctio
n -
85,7
75
85,7
75
72,0
47
- 10
,888
-
2,99
5 10
,733
Tr
ade
- 45
6,81
0 45
6,81
0 35
3,19
4 -
45,5
19
32,0
21
18,7
24
84,8
92
Tran
spor
t, St
orag
e &
Com
mun
icat
ion
- 5,
536
5,53
6 4,
992
- 1,
343
- 26
9 27
5 Fi
nanc
ial I
nstit
utio
ns
- 42
1,69
1 42
1,69
1 32
2,81
3 -
37,0
74
5,20
0 31
,684
67
,194
R
eal E
stat
e -
1,66
3,80
7 1,
663,
807
905,
999
- 10
,322
54
,713
28
2,87
4 47
4,93
4 Se
rvic
es
- 55
2,77
7 55
2,77
7 22
2,21
3 -
37,4
92
37,6
68
42,6
44
287,
920
Sove
reig
n -
- -
- -
- -
- -
Pers
onal
-
681,
077
681,
077
290,
076
- 39
5,58
7 12
1,54
6 4,
552
386,
449
All O
ther
s -
142,
950
142,
950
62,4
26
- 8,
926
11,9
31
744
79,7
80
---
------
----
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- ---
------
----
------
------
-- ---
------
-----
Tota
l -
4,06
9,91
9 4,
069,
919
2,24
2,78
8 -
548,
364
277,
713
384,
486
1,44
2,64
5
====
====
==
====
==
====
====
= ==
====
===
====
====
==
====
===
====
====
==
====
===
====
====
=
24
EMIR
ATES
ISLA
MIC
BAN
K PJ
SC
BASE
L II
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
24
IMPA
IRED
FIN
ANC
ING
BY
GEO
GR
APH
Y 31
DEC
EMB
ER 2
016
O
verd
ue (G
ross
of P
rofit
in S
uspe
nse/
Pr
ovis
ions
) Pr
ovis
ions
Ad
just
men
ts
Prof
it in
Su
spen
se
Tota
l Im
paire
d As
sets
Less
than
90
days
90
day
s an
d ab
ove
Tota
l Sp
ecifi
c G
ener
al
Writ
e-of
fs
Writ
e-ba
cks
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
---
------
------
-- ---
------
------
-- ---
------
------
-- ---
------
------
-- ---
------
------
---
------
------
-- ---
------
------
-- ---
------
------
-- ---
------
------
--
Uni
ted
Arab
Em
irate
s -
4,92
3,13
1 4,
923,
131
2,47
2,56
7 -
833,
629
591,
073
1,14
2,69
6 1,
306,
135
GC
C e
xclu
ding
UAE
-
144,
738
144,
738
141,
461
- -
- 84
5 2,
432
Arab
Lea
gue
(exc
ludi
ng G
CC
) -
37,6
71
37,6
71
39,0
00
- -
- 36
2 (1
,691
)
Asia
-
- -
- -
- -
- -
Afric
a -
- -
- -
- -
- -
Nor
th A
mer
ica
- -
- -
- -
- -
-
Sout
h Am
eric
a -
- -
- -
- -
- -
Car
ibbe
an
- -
- -
- -
- -
-
Euro
pe
- -
- -
- -
- -
-
Aust
ralia
-
- -
- -
- -
- -
Oth
ers
- -
- -
- -
- -
-
---
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- To
tal
- 5,
105,
540
5,10
5,54
0 2,
653,
028
- 83
3,62
9 59
1,07
3 1,
143,
903
1,30
6,87
6
====
====
===
====
====
= ==
====
====
==
====
===
====
====
= ==
====
===
====
====
= ==
====
===
====
====
=
25
EMIR
ATES
ISLA
MIC
BAN
K PJ
SC
BASE
L II
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
25
IMPA
IRED
FIN
ANC
ING
BY
GEO
GR
APH
Y (c
ontin
ued)
31
DEC
EMB
ER 2
015
O
verd
ue (G
ross
of P
rofit
in S
uspe
nse/
Pr
ovis
ions
) Pr
ovis
ions
Ad
just
men
ts
Prof
it in
Su
spen
se
Tota
l Im
paire
d As
sets
Less
than
90
days
90
day
s an
d ab
ove
Tota
l Sp
ecifi
c G
ener
al
Writ
e-of
fs
Writ
e-ba
cks
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
AED
000
AE
D 0
00
---
------
------
-- ---
------
------
-- ---
------
------
-- ---
------
------
-- ---
------
------
---
------
------
---
------
------
-- ---
------
------
-- ---
------
------
--
Uni
ted
Arab
Em
irate
s -
3,88
2,04
9 3,
882,
049
2,09
3,06
0 -
507,
847
277,
513
384,
428
1,40
4,56
1
GC
C e
xclu
ding
UAE
-
150,
050
150,
050
149,
728
- 37
,074
20
0 58
26
4
Arab
Lea
gue
(exc
ludi
ng G
CC
) -
- -
- -
- -
- -
Asia
-
37,8
20
37,8
20
- -
3,44
3 -
- 37
,820
Afric
a -
- -
- -
- -
- -
Nor
th A
mer
ica
- -
- -
- -
- -
-
Sout
h Am
eric
a -
- -
- -
- -
- -
Car
ibbe
an
- -
- -
- -
- -
-
Euro
pe
- -
- -
- -
- -
-
Aust
ralia
-
- -
- -
- -
- -
Oth
ers
- -
- -
- -
- -
-
---
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- ---
------
-----
------
------
-- To
tal
- 4,
069,
919
4,06
9,91
9 2,
242,
788
- 54
8,36
4 27
7,71
3 38
4,48
6 1,
442,
645
==
====
====
= ==
====
===
====
====
==
====
====
= ==
====
==
====
====
==
====
===
====
====
= ==
====
===
26
EMIRATES ISLAMIC BANK PJSC BASEL II PILLAR III DISCLOSURES 31 DECEMBER 2016
26
RECONCILIATION OF CHANGES IN PROVISION FOR IMPAIRED FINANCING
2016 AED 000
------------------
2015 AED 000
------------------ Balance of provision for impaired financing as at 1 January 2,242,788 2,002,979
Add: Charge for the year
Specific Provisions 1,808,826 987,440
General Provisions - -
Less: Write-off of impaired financing 833,629 -
Less: Recovery of financing previously written off - -
Less: Write back / Recovery of loan loss provisions 591,073 826,077
Less: Adjustments of loan loss provisions (26,116) (78,446)
------------------ ------------------ Balance of provision for impaired financing as at 31 December 2,653,028 2,242,788 ========= =========
27
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II PI
LLAR
III D
ISC
LOSU
RES
31
DEC
EMBE
R 2
016
27
RIS
K M
ANAG
EMEN
T O
BJE
CTI
VES
AND
PO
LIC
IES
MAR
KET
RIS
K
Plea
se re
fer N
ote
no. 3
3 in
the
annu
al fi
nanc
ial s
tate
men
ts fo
r det
aile
d ris
k m
anag
emen
t obj
ectiv
es.
QU
ANTI
TATI
VE D
ISC
LOSU
RES
FO
R E
QU
ITY
POSI
TIO
N IN
TH
E B
ANK
ING
BO
OK
31
DEC
EMB
ER 2
016
(a) Q
uant
itativ
e D
etai
ls o
f Equ
ity P
ositi
on
AE
D 0
00
Type
FS
Cat
egor
y (A
FS/F
VPL)
B
asel
II C
ateg
ory
(Ban
king
boo
k)
Cur
rent
Yea
r Pu
blic
ly T
rade
d Pr
ivat
ely
Hel
d
---
------
------
------
- ---
------
------
------
-----
------
------
------
------
------
------
------
----
Equi
ties
448,
091
448,
091
54,2
34
393,
857
Col
lect
ive
inve
stm
ent s
chem
es
- -
- -
Any
othe
r inv
estm
ent
207,
993
207,
993
25
207,
968
---
------
------
- ---
------
------
- ---
------
------
---
------
------
- To
tal
656,
084
656,
084
54,2
59
601,
825
==
====
====
= ==
====
====
= ==
====
====
==
====
====
= (b
) Rea
lized
, Unr
ealiz
ed &
Lat
ent r
eval
uatio
n ga
ins/
(los
ses)
dur
ing
the
year
AED
000
Part
icul
ars
AFS
Gai
ns (L
osse
s)
Rea
lized
gai
ns (l
osse
s) fr
om s
ale
and
liqui
datio
ns
-
Unr
ealiz
ed g
ains
(los
ses)
reco
gniz
ed in
the
bala
nce
shee
t but
not
thro
ugh
prof
it an
d lo
ss
acco
unt
-
Late
nt re
valu
atio
n ga
ins
(loss
es) f
or in
vest
men
t rec
orde
d at
cos
t but
not
reco
gniz
ed in
ba
lanc
e sh
eet o
r pro
fit a
nd lo
ss a
ccou
nt
(4,9
10)
------
------
---
To
tal
(4,9
10)
====
====
==
(c
) Ite
ms
in (b
) abo
ve in
clud
ed in
Tie
r I/ T
ier I
I Cap
ital
AED
000
Tier
Cap
ital
Amou
nt
Am
ount
incl
uded
in T
ier I
cap
ital (
real
ized
gai
ns)
-
Amou
nt in
clud
ed in
Tie
r II c
apita
l (un
real
ised
gai
ns)
(4,9
10)
------
------
---
To
tal
(4,9
10)
====
====
==
28
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II PI
LLAR
III D
ISC
LOSU
RES
31
DEC
EMBE
R 2
016
28
QU
ANTI
TATI
VE D
ISC
LOSU
RES
FO
R E
QU
ITY
POSI
TIO
N IN
TH
E B
ANK
ING
BO
OK
(Con
tinue
d)
31 D
ECEM
BER
201
6 (d
) Cap
ital r
equi
rem
ents
by
Equi
ty g
roup
ings
AE
D 0
00
Gro
upin
g Am
ount
Inve
stm
ents
in a
ssoc
iate
s an
d jo
int v
entu
res
-
Inve
stm
ent S
ecur
ities
78
,730
Hel
d fo
r Tra
ding
-
------
------
---
To
tal c
apita
l req
uire
men
t 78
,730
==
====
==
(e) E
quity
Inve
stm
ents
(Quo
ted/
Unq
uote
d) -
Incl
udin
g pr
ivat
e eq
uity
inve
stm
ents
AE
D 0
00
Part
icul
ars
Ban
king
Boo
k (P
er
Bas
el II
Def
initi
on)
Trad
ing
Boo
k (P
er B
asel
II
Def
initi
on)
---
------
------
------
------
---
------
------
------
------
------
---
Quo
ted
54,2
59
- U
nquo
ted
601,
825
-
------
------
- ---
------
----
Tota
l 65
6,08
4 -
==
====
= ==
====
=
29
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II PI
LLAR
III D
ISC
LOSU
RES
31
DEC
EMBE
R 2
016
29
QU
ANTI
TATI
VE D
ISC
LOSU
RES
FO
R E
QU
ITY
POSI
TIO
N IN
TH
E B
ANK
ING
BO
OK
(con
tinue
d)
31 D
ECEM
BER
201
5 (a
) Qua
ntita
tive
Det
ails
of E
quity
Pos
ition
AED
000
Ty
pe
FS C
ateg
ory
(AFS
/FVP
L)
Bas
el II
Cat
egor
y (B
anki
ng b
ook)
C
urre
nt Y
ear
Publ
icly
Tra
ded
Priv
atel
y H
eld
---
------
------
------
- ---
------
------
------
-----
------
------
------
------
------
------
------
----
Equi
ties
549,
410
549,
410
60,8
13
488,
597
Col
lect
ive
inve
stm
ent s
chem
es
- -
- -
Any
othe
r inv
estm
ent
274,
884
274,
884
- 27
4,88
4
------
------
----
------
------
----
------
------
---
------
------
----
Tota
l 82
4,29
4 82
4,29
4 60
,813
76
3,48
1
====
====
===
====
====
===
====
====
==
====
====
===
(b) R
ealiz
ed, U
nrea
lized
& L
aten
t rev
alua
tion
gain
s/ (l
osse
s) d
urin
g th
e ye
ar
AE
D 0
00
Pa
rtic
ular
s A
FS
G
ains
(Los
ses)
R
ealiz
ed g
ains
(los
ses)
from
sal
e an
d liq
uida
tions
-
U
nrea
lized
gai
ns (l
osse
s) re
cogn
ized
in th
e ba
lanc
e sh
eet b
ut n
ot th
roug
h pr
ofit
and
loss
ac
coun
t -
La
tent
reva
luat
ion
gain
s (lo
sses
) for
inve
stm
ent r
ecor
ded
at c
ost b
ut n
ot re
cogn
ized
in
bala
nce
shee
t or p
rofit
and
loss
acc
ount
15
,124
---
------
------
Tota
l 15
,124
==
====
====
(c) I
tem
s in
(b) a
bove
incl
uded
in T
ier I
/ Tie
r II C
apita
l
AE
D 0
00
Ti
er C
apita
l Am
ount
Amou
nt in
clud
ed in
Tie
r I c
apita
l (re
aliz
ed g
ains
) -
Am
ount
incl
uded
in T
ier I
I cap
ital (
unre
alis
ed g
ains
) 15
,124
---
------
------
Tota
l 15
,124
==
====
====
30
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II PI
LLAR
III D
ISC
LOSU
RES
31
DEC
EMBE
R 2
016
30
QU
ANTI
TATI
VE D
ISC
LOSU
RES
FO
R E
QU
ITY
POSI
TIO
N IN
TH
E B
ANK
ING
BO
OK
(Con
tinue
d)
31 D
ECEM
BER
201
5 (d
) Cap
ital r
equi
rem
ents
by
Equi
ty g
roup
ings
AE
D 0
00
Gro
upin
g Am
ount
Inve
stm
ents
in a
ssoc
iate
s an
d jo
int v
entu
res
-
Inve
stm
ent S
ecur
ities
98
,915
Hel
d fo
r Tra
ding
-
------
------
---
To
tal c
apita
l req
uire
men
t 98
,915
==
====
==
(e) E
quity
Inve
stm
ents
(Quo
ted/
Unq
uote
d) -
Incl
udin
g pr
ivat
e eq
uity
inve
stm
ents
AE
D 0
00
Part
icul
ars
Ban
king
Boo
k (P
er
Bas
el II
Def
initi
on)
Trad
ing
Boo
k (P
er B
asel
II
Def
initi
on)
---
------
------
------
------
---
------
------
------
------
------
---
Quo
ted
60,8
13
- U
nquo
ted
763,
481
-
------
------
- ---
------
----
Tota
l 82
4,29
4 -
==
====
= ==
====
=
31
EMIRATES ISLAMIC BANK PJSC BASEL II PILLAR III DISCLOSURES 31 DECEMBER 2016
31
RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Foreign Exchange Risk Foreign exchange risk hedging strategies are used to ensure that positions are always within established limits. The Group has a conservative policy towards foreign exchange risk and has set limits on positions by currency. Foreign exchange risk is measured using position reports showing the net long or short position for currencies, which are monitored on a real-time basis. Foreign exchange risk is actively managed using spot and forward foreign exchange instruments. The capital requirement for foreign exchange risk as at 31 December 2016 is AED 1.79 million (as at 31 December 2015 is AED 2.28 million). Operational Risk Please refer Note no. 33 in the annual financial statements for detailed risk management objectives and policies for Operational risk. Liquidity Risk Please refer Note no. 33 in the annual financial statements for detailed risk management objectives and policies for Liquidity risk.
32
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BASE
L II
PILL
AR II
I DIS
CLO
SUR
ES
31 D
ECEM
BER
201
6
32
The
follo
win
g ta
ble
lists
the
Gro
up’s
exp
osur
es b
y Re
sidu
al M
atur
ity:
31 D
ECEM
BER
2016
Fina
ncin
g Re
ceiv
able
s
Suku
k O
ther
ass
ets
Tota
l fun
ded
Com
mitm
ents
O
TC
deriv
ativ
es
Oth
er o
ff-ba
lanc
e sh
eet
expo
sure
s
Tota
l non
-fu
nded
To
tal
AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
Less
than
3 m
onth
s 5,
418,
189
91,8
12
15,1
96,9
04
20,7
06,9
05
508,
790
- 2,
632,
343
3,14
1,13
3 23
,848
,038
3 m
onth
s to
1 y
ear
3,12
0,90
3 19
1,08
5 2,
347,
189
5,65
9,17
7 -
- 1,
716,
765
1,71
6,76
5 7,
375,
942
1 ye
ar to
5 y
ears
16
,283
,896
41
7,96
4 1,
873,
901
18,5
75,7
61
- -
571,
290
571,
290
19,1
47,0
51
Ove
r 5 y
ears
12
,364
,856
12
2,26
9 1,
868,
448
14,3
55,5
73
- -
15
15
14,3
55,5
88
Add:
Gro
ssin
g up
of p
rofit
in
susp
ense
& p
rovi
sion
s 3,
796,
931
- -
3,79
6,93
1 -
- -
- 3,
796,
931
---
------
------
-- ---
------
-----
------
------
----
------
------
----
------
------
---
------
------
-- ---
------
------
---
------
------
- ---
------
------
Tota
l 40
,984
,775
82
3,13
0 21
,286
,442
63
,094
,342
50
8,79
0 -
4,92
0,41
3 5,
429,
203
68,5
23,5
50
==
====
===
====
====
==
====
==
====
====
= ==
====
==
====
====
==
====
==
====
====
= ==
====
===
O
ther
Ass
ets
incl
ude
Cas
h &
Dep
osits
with
Cen
tral B
ank,
Due
from
Ban
ks, I
nves
tmen
t sec
uriti
es [n
et o
f Suk
uk],
Inve
stm
ent p
rope
rties
, Inv
estm
ent i
n as
soci
ate
and
join
t ven
ture
s, P
rope
rty &
Eq
uipm
ent &
Oth
er A
sset
s.
33
EM
IRAT
ES IS
LAM
IC B
ANK
PJSC
BA
SEL
II PI
LLAR
III D
ISC
LOSU
RES
31
DEC
EMBE
R 2
016
33
31 D
ECEM
BER
2015
Fina
ncin
g Re
ceiv
able
s Su
kuk
Oth
er
asse
ts
Tota
l fun
ded
Com
mitm
ents
O
TC
deriv
ativ
es
Oth
er o
ff-ba
lanc
e sh
eet
expo
sure
s
Tota
l non
-fu
nded
To
tal
AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0 AE
D 00
0
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
------
------
-----
Less
than
3 m
onth
s 5,
399,
642
110,
190
12,2
13,9
82
17,7
23,8
14
404,
920
- 1,
726,
254
2,13
1,17
4 19
,854
,988
3
mon
ths
to 1
yea
r 3,
030,
063
46,0
79
476,
327
3,55
2,46
9 -
- 1,
380,
850
1,38
0,85
0 4,
933,
319
1 ye
ar to
5 y
ears
15
,199
,627
81
4,08
5 4,
305,
258
20,3
18,9
70
- -
338,
874
338,
874
20,6
57,8
44
Ove
r 5 y
ears
11
,244
,428
49
2,45
6 -
11,7
36,8
84
- -
1,50
0 1,
500
11,7
38,3
84
Add:
Gro
ssin
g up
of p
rofit
in
susp
ense
& p
rovi
sion
s 3,
214,
090
- -
3,21
4,09
0 -
- -
- 3,
214,
090
---
------
------
-- ---
------
-----
------
------
----
------
------
----
------
------
---
------
------
-- ---
------
------
---
------
------
- ---
------
------
- To
tal
38,0
87,8
50
1,46
2,81
0 16
,995
,567
56
,546
,227
40
4,92
0 -
3,44
7,47
8 3,
852,
398
60,3
98,6
25
==
====
====
==
====
==
====
====
= ==
====
===
====
====
==
====
==
====
====
==
====
===
====
====
=
34
EMIRATES ISLAMIC BANK PJSC BASEL II PILLAR III DISCLOSURES 31 DECEMBER 2016
34
RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Reputational Risk Please refer Note no. 33 in the annual financial statements for detailed risk management objectives and policies for reputation risk. Regulatory/Compliance Risk Please refer Note no. 33 in the annual financial statements for detailed risk management objectives and policies for Regulatory/compliance risk. Business Risk Please refer Note no. 33 in the annual financial statements for detailed risk management objectives and policies for Business risk. Capital management policies and stress testing Please refer Note no. 33 in the annual financial statements for detailed risk management objectives and policies for Capital management policies and stress testing.
35
