Emirates NBD Income Jumps 12% To AED 23.9 Bn On Loan Boom

Photo: Dubai Government Media Office 

Emirates NBD, one of the biggest banks in the UAE, has reported a big rise in its income and profits for the first half of 2025. The bank’s income went up by 12% to reach AED 23.9 billion. This growth happened because more people and businesses took loans, the bank expanded in other countries, and it introduced many new banking products for its customers.

Big Increase In Loans And Deposits

In the first six months of 2025, Emirates NBD gave out AED 41 billion more in loans. This was an 8% increase compared to before. Almost half of these new loans were given through the bank’s branches in other countries outside the UAE. This shows that Emirates NBD is becoming stronger not only in the UAE but also in the region.

People also kept more money in the bank. Deposits grew by AED 70 billion, which is a 10% increase. Out of this, a record AED 48 billion came from low-cost Current and Savings Accounts. This is important because these types of deposits help banks to keep their costs low while lending money.

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Profits Continue To Grow

Emirates NBD’s operating profit grew by 9% even though interest rates went down earlier. The bank managed to make more profit because its loans and deposits kept increasing strongly. The total profit before tax was AED 15.4 billion, and the net profit after tax was AED 12.5 billion for the first half of 2025.

The bank’s Chief Financial Officer, Patrick Sullivan, said that even though recoveries were lower this year compared to last year, the bank still showed strong profits. He also said that the UAE’s economy is doing well, and people are paying back loans on time. This helped the bank to have a net impairment credit of AED 0.3 billion. The bank’s impaired loan ratio improved to 2.8%, showing that fewer loans are turning into bad debts.

Emirates Islamic’s Record Performance

Emirates Islamic, which is part of Emirates NBD Group, also reported strong results. It made a record profit of AED 1.9 billion in the first half of 2025. The bank saw a 13% growth in customer financing, showing that more people are taking Islamic loans for their needs.

The group’s Assets Under Management reached USD 50 billion because more wealthy customers trusted Emirates NBD with their investments. This shows that the bank’s Wealth Management business is growing well.

New Products And Customer Experience

Emirates NBD is also focusing on making banking easier for its customers. Some of its achievements in the first half of 2025 include:

• 35% market share in UAE credit card spending: People spent more than AED 100 billion using Emirates NBD’s credit and debit cards.

• ‘SHARE’ credit card success: The bank launched a new card called ‘SHARE’ with Majid Al Futtaim Group. This card became the fastest in the bank’s history to reach 10,000 users.

• Top customer experience: Emirates NBD’s Net Promoter Score is 50, showing that customers are happy with its services.

• 93% of new accounts opened online: Most people are opening their accounts using the bank’s app or assisted tablets.

• New structured credit, commodity, and investment products: These products helped the bank to earn more income from local and international clients.

Regional Expansion And Digital Growth

The bank is growing strongly in Saudi Arabia, where its loan book grew by 27% in the first half of 2025. Emirates NBD also launched ENBD X in KSA, which upgraded its digital banking services in the Kingdom.

The bank is becoming more digital and using new technologies to serve its customers better. Some of its digital achievements include:

• Launching crypto trading through Liv X with partners Aquanow and Zodia Custody.

• Having over 750,000 users for WhatsApp banking.

• Using big-data analytics to find new business opportunities.

• Having more than 50 active Advanced Analytics use cases.

• Partnering with Visa’s Cybersource to provide advanced digital payment solutions.

• Collaborating with fintech companies like Partior (for blockchain payments) and iPID (for validating beneficiary details).

Environmental, Social And Governance (ESG) Achievements

Emirates NBD is also focusing on being an environmentally responsible bank. It received the best ESG rating for any bank in the region from S&P Global. The bank became the first in MENA to publish its ISSB report. It also has the highest number of LEED Platinum certified branches of any bank globally, showing its commitment to sustainability.

Statements From Leaders

Vice Chairman And Managing Director

Hesham Abdulla Al Qassim said that the income surge was due to strong loan growth, regional expansion, and innovative products. He expects double-digit loan growth for the full year because people and businesses are confident to take loans. He highlighted Emirates Islamic’s record profit and said the bank processed over AED 100 billion in credit and debit card spending. He also praised the success of the ‘SHARE’ credit card.

Group Chief Executive Officer

Shayne Nelson said the 9% growth in operating profit was due to excellent loan growth and the bank’s ability to attract low-cost deposits. He added that strategic investments in regional expansion, digital technologies, and GenAI are helping the bank grow even when interest rates are low. He mentioned that innovative products in Private Banking, Wealth Management, Escrow, and Investment Banking are giving good results. The bank is also using big-data analytics to grow merchant acquiring opportunities.

Group Chief Financial Officer

Patrick Sullivan shared that profit before tax was AED 15.4 billion despite lower recoveries. Net profit was AED 12.5 billion after the impact of new higher tax rates. He said the healthy economy helped the bank to maintain strong credit metrics and that investments in people, network, technology, and products are bringing new sources of income.

Emirates NBD is working to become a data-first, digital-focused, and environmentally responsible bank in the region. With its strong results in the first half of 2025, the bank is confident about its future growth. It will continue to focus on giving better services to customers, expanding its business in new regions, and using technology to remain a leader in the banking sector.