Q4 2022 Emirates NBD Bank PJSC Earnings Call Transcript
Ladies and gentlemen, welcome to the Emirates NBD 2022 Financial Year-end Results Call and Webcast for Analysts and Investors. Today's call is being recorded. (Operator Instructions).
I will now pass the call over to our host, Mr. Shayne Nelson, Group CEO of Emirates NBD.
Thank you, Adam, and welcome to our results call. I'll first touch on the operating environment within our footprint before running through the main highlights of what has been a very successful year for Emirates NBD.
2022, was also a stellar year for the UAE economy. Indeed, GCC economies grew at their fastest pace in almost a decade, driven by increased oil production and strong non-oil activity. Our research team estimates that GDP growth in the GCC more than doubled to 7.4% last year. UAE's non-oil economy is expected to have grown by 5.6% last year, supported by a recovery in travel and tourism, structural reforms and population growth.
Global growth is expected to slow in 2023 with the World Bank
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