Emirates NBD has reported a 12% year-on-year increase in income, reaching AED 23.9 billion for the first half of 2025.
The strong performance was powered by robust loan growth, regional expansion, and innovative product offerings across its consumer and corporate banking segments.
The Group’s lending increased by AED 41 billion (8%) during the period, with nearly half of the growth stemming from its expanding international footprint. Deposits rose by AED 70 billion (10%), including a record AED 48 billion surge in low-cost current and savings accounts, underscoring the bank’s strength in attracting stable funding sources.
Operating profit also rose by 9% despite recent interest rate cuts, supported by healthy credit conditions and strategic investments in technology and regional markets. Emirates Islamic, a subsidiary of the Group, posted a record AED 1.9 billion profit in H1 2025, reaffirming its strong position in the UAE’s Islamic banking sector.
Vice Chairman and Managing Director Hesham Abdulla Al Qassim credited the income surge to consumer momentum and business confidence. “We expect double-digit loan growth for the full year. Our success in retail and Islamic banking, highlighted by the rapid uptake of our SHARE credit card, reflects our ability to innovate and meet customer needs,” he said.
The Group continued to expand its presence in Saudi Arabia, achieving 27% loan growth in the Kingdom. Across the board, Emirates NBD introduced new structured credit, commodity, and investment products, and launched crypto trading via Liv X in partnership with Aquanow and Zodia Custody.
Group CEO Shayne Nelson emphasised the bank’s transformation into a digital-first organisation.
Strategic investments in Digital and GenAI have allowed us to unlock new income streams in wealth management, private banking, and regional corporate growth. With over 750,000 WhatsApp banking users and 93% of current accounts opened digitally, we are redefining customer experience.
The bank's financial robustness was further reinforced by a net impairment credit of AED 0.3 billion, reflecting a positive credit environment and improved asset quality. Emirates NBD’s impairment ratio improved to 2.8%, while profit before tax stood at AED 15.4 billion.
Group CFO Patrick Sullivan highlighted the Group’s solid balance sheet and disciplined growth strategy.
Despite a higher tax rate and reduced recoveries compared to last year, we delivered AED 12.5 billion in profit. Healthy capital generation continues to fuel growth and innovation.
With USD 50 billion in Assets Under Management, top ESG ratings, and recognition as a leader in digital payments and Islamic finance, Emirates NBD has firmly positioned itself as a regional financial powerhouse with a global outlook.
News Source: Dubai Media Office
