Emirates NBD reports 16.2B dirhams profit
Emirates NBD Bank achieved record-breaking financial performance in the first half of 2026, recording a pre-tax profit of 16.2 billion AED, a 5% increase compared to the same period last year. This growth was supported by a 13% rise in net interest income and a 25% increase in non-funded income. Total income reached 27.9 billion AED, up by 16%, while operating profits before provisions amounted to 19.5 billion AED, an increase of 17%. The balance sheet continued to grow, exceeding 1.3 trillion AED, with loans rising by 17% to 771 billion AED and deposits increasing by 13% to 892 billion AED, all while maintaining asset quality, with an NPL ratio of 2.1%. The bank's acquisition of RPL Bank added assets valued at 74 billion AED, reinforcing its regional growth strategy. Net profits rose to 12.9 billion AED, a 3% increase. Growth in new loans reached 6% in retail and 14% in corporate sectors. The bank also achieved 91% of its sustainable finance target, amounting to 30 billion USD by 2030. Digital development continued through the ENBD X app. Despite global tensions, the bank anticipates sustained domestic demand supported by the local economy and market stability in its operating regions.
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