Emirates NBD has reported a strong performance this quarter, with a 56% increase in pre-tax profit, reaching AED 7.8 billion. This impressive growth was mainly driven by strong lending activity, an improved mix of customer deposits, and the introduction of new financial products. The bank’s balance sheet has now crossed the AED 1 trillion mark, supported by steady growth in both loans and deposits, reflecting the strength of the regional economy.
Customer deposits rose by 5%, including a record AED 27 billion increase in low-cost Current and Savings Account (CASA) balances. At the same time, loans went up by AED 18 billion, with more than half of that growth coming from the bank’s expanding international network.
Meanwhile, Emirates Islamic also achieved a major milestone, recording over AED 1 billion in quarterly profits for the first time in its history. In addition, the group’s Wealth Management division reached USD 50 billion in assets under management, supported by the growth of the region’s affluent population.
The bank’s ongoing investments in regional expansion, digital technology, and generative AI (GenAI) are continuing to deliver strong returns, positioning Emirates NBD for further success in the future.
