Emirates NBD’s income surges 12 percent to AED23.9 billion ($6.51 billion) on strong loan growth, regional expansion and innovative product offering. The bank revealed that lending also increased by AED41 billion in the first half of 2025, fuelled by very strong demand both in the UAE and across its growing international network.
“The group’s ability to substantially grow income is a direct benefit of the strategic investment in our regional footprint, digital and GenAI, helping to offset the impact of lower interest rates. Innovative products have successfully harnessed key growth areas, including private banking, wealth management, escrow, regional corporate growth and investment banking,” said Shayne Nelson, group CEO, Emirates NBD.
Assets Under Management rise to $50 billion
Emirates NBD revealed that its deposits grew by AED70 billion, propelled by a record AED48 billion increase in low-cost Current and Savings Account balances. Operating profit also grew 9 percent as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts.
The bank’s H1 2025 financial results also revealed that Emirates Islamic delivered a record AED1.9 billion profit in the first half of 2025, highlighting its position as a leading Islamic bank in the UAE. The region’s growing affluent population propelled Assets Under Management to $50 billion, confirming Emirates NBD’s successful focus on Wealth Management and new products.
“The group commands a 35 percent market share of UAE credit card spend as we processed more than AED100 billion credit and debit card spend in the first half of 2025. We successfully launched the ‘SHARE’ credit card, cobranded with the Majid Al Futtaim Group, which became the group’s fastest ever card to reach 10,000 in issue,” explained Hesham Abdulla Al Qassim, vice chairman and managing director, Emirates NBD.
Profit before tax hits AED15.4 billion
The bank’s H1 2025 financial results also revealed that the Saudi Arabia network expansion drove an impressive 27 percent increase in loans. Emirates NBD achieved AED92 billion of new lending, which helped deliver a 13 percent retail and corporate loan growth in H1 2025.
“Profit before tax was AED15.4 billion despite nearly AED2 billion lower recoveries in the first half of 2025 relative to the very strong recoveries last year. Profit for the half year of AED12.5 billion despite the impact of the new higher tax rate,” said Patrick Sullivan, group chief financial officer.
