Emirates NBD’s income surged 12% to AED23.9 billion ($6.51 billion) in the first half of 2025 on strong loan growth, regional expansion and innovative product offering.
Lending increased by AED41 billion (8%) in the first half of 2025, fuelled by very strong demand both in the UAE and across its growing international network. Deposits grew by AED70 billion (10%) in the first half of 2025 propelled by a record AED48 billion increase in low-cost Current and Savings Account balances.
Operating profit grew 9% as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts.
Meanwhile, Emirates Islamic delivered a record AED1.9 billion profit in 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.
Strategic investment in the group’s regional footprint, digital and GenAI are driving income growth which more than offsets the impact of lower interest rates, the bank said.
Key highlights – First Half 2025
*Operating profit was higher yoy reflecting strong loan & deposit growth momentum and regional expansion;
• Income up 12% yoy to AED23.9 billion on strong volume growth and continued momentum in innovative product offerings;
• 8% loan growth in H1-25 of AED41 billion, with nearly half of the increase coming from international operations
• Deposits grew AED70 billion in H1-25, including a record AED48 billion increase in Current and Savings Accounts, reinforcing deposit mix as a key strength of the group;
• Impairment credit of AED0.3 billion on impressive recoveries as clients benefit from a buoyant regional economy with impaired loan ratio improving to 2.8%;
• Emirates Islamic’s continued strong growth momentum reporting a profit of AED1.9 billion in H1-25
* Emirates NBD’s investment in customer focused services & products is propelling business growth
• 35% market share of UAE Credit card spend; over AED100 billion Credit and Debit card spend in H1-25;
• ‘SHARE’ credit card, cobranded with Majid Al Futtaim Group, is Group’s fastest ever card to reach 10,000 in issue
• KSA network expansion driving an impressive 27% loan growth in H1-25
• Excellent AED92 billion of new lending helped deliver 13% Retail and Corporate loan growth in H1-25
• New Structured Credit, Commodity and Investment products introduced, driving a substantial increase in income from both local and international clients
* Looking to the future, Emirates NBD is transforming into a data-first, digital-focused and environmentally responsible regional powerhouse;
• ENBD X launched in KSA, upgrading digital offering in the kingdom
• Launched crypto trading through Liv X in partnership with Aquanow and Zodia Custody
• More than 750,000 users of WhatsApp banking
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director said:"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.
"We have worked hard to nurture the UAE’s leading deposit franchise in low-cost Current Accounts and Savings Accounts, which accounted for AED48 billion of the AED70 billion growth in deposits in the first half of 2025."
Patrick Sullivan, Group Chief Financial Officer, said: “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."
"The continued healthy credit environment and buoyant economy delivered a net impairment credit of AED0.3 billion, leading to a positive revision on credit metrics.
"Healthy capital generation helped support extremely strong loan growth and the rock-solid balance sheet makes Emirates NBD a regional powerhouse, providing the platform for future growth. The investment in people, network, technology and products is clearly delivering new sources of income.” - TradeArabia News Service
