Q2 2021 Emirates NBD Bank PJSC Earnings Call Transcript
Ladies and gentlemen, welcome to the Emirates NBD Results Call and Webcast for the First Half of 2021 for Analysts and Investors. Today's call is being recorded. Please note that this call is open to analysts and investors only. Any media personnel should disconnect immediately.
I will now pass the call over to our host, Mr. Shayne Nelson, Group CEO of Emirates NBD.
Thank you, operator, and welcome to this briefing call for Emirates NBD first half results. Joining me as per usual are Patrick, the group's CFO; and Paddy, our Head of Investor Relations. I know you all have a very busy agenda today, given how many banks have all gone on the same day, so we'll try to rattle through this as quickly as we can because I know you have lots of work and spreadsheets to do as we go through the day.
Today, we announced a 17% increase in profit to AED 4.8 billion. This improvement is driven by stable margins, disciplined cost management and a significant improvement in cost of risk. There are many
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