Emirates NBD’s earnings surges 12% to AED 23.9 billion on robust mortgage development, regional enlargement and modern product providing. Lending elevated by AED 41 billion (8%) within the first half of 2025, fuelled by very robust demand each within the UAE and throughout its rising worldwide community. Deposits grew by AED 70 billion (10%) within the first half of 2025 propelled by a document AED 48 billion enhance in low-cost Present and Financial savings Account balances. Working revenue grew 9% because the robust mortgage and deposit development momentum simply absorbed earlier rate of interest cuts.
Emirates Islamic delivers a document AED 1.9 billion revenue in first half of 2025, highlighting its place as a number one Islamic financial institution within the UAE. The area’s rising prosperous inhabitants propelled Property Below Administration to USD 50 billion, confirming Emirates NBD’s profitable give attention to Wealth Administration and new merchandise. Strategic funding within the Group’s regional footprint, digital and GenAI are driving earnings development which greater than offsets the influence of decrease rates of interest.
Key highlights – First Half 2025
Working revenue 9% increased yoy reflecting robust mortgage & deposit development momentum and regional enlargement
• Revenue up 12% yoy to AED 23.9 billion on robust quantity development and continued momentum in modern product choices
• 8% mortgage development in H1-25 of AED 41 billion, with practically half of the rise coming from worldwide operations
• Deposits grew AED 70 billion in H1-25, together with a document AED 48 billion enhance in Present and Financial savings Accounts, reinforcing deposit combine as a key energy of the Group
• Impairment credit score of AED 0.3 billion on spectacular recoveries as shoppers profit from a buoyant regional financial system with impaired mortgage ratio bettering to 2.8%
• Emirates Islamic’s continued robust development momentum reporting a revenue of AED 1.9 billion in H1-25
Emirates NBD’s funding in buyer targeted companies & merchandise is propelling enterprise development
• 35% market share of UAE Bank card spend; over AED 100 billion Credit score and Debit card spend in H1-25
• ‘SHARE’ bank card, cobranded with Majid Al Futtaim Group, is Group’s quickest ever card to achieve 10,000 in concern
• Emirates NBD one among area’s prime banks for Buyer Expertise with Internet Promoter Rating of fifty
• KSA community enlargement driving a formidable 27% mortgage development in H1-25
• Wonderful AED 92 billion of latest lending helped ship 13% Retail and Company mortgage development in H1-25
• New Structured Credit score, Commodity and Funding merchandise launched, driving a considerable enhance in earnings from each native and worldwide shoppers
• ALM Markets desk ranked the primary M-Invoice major seller by the Central Financial institution of the UAE for 2024
• Company CASA development backed by best-in-class digital escrow capabilities, APIs and digital accounts
• Emirates NBD Capital is the primary funding financial institution for UAE IPOs and MENA Loans, and maintained its High 3 place for worldwide sukuk
• 93% of latest present accounts opened through cellular app or assisted pill
• Property Below Administration throughout the Group grew to USD 50 billion, reflecting ongoing success of the Group’s wealth administration technique
Seeking to the longer term, Emirates NBD is reworking right into a data-first, digital-focused and environmentally accountable regional powerhouse
• ENBD X launched in KSA, upgrading digital providing within the Kingdom
• Launched crypto buying and selling by means of Liv X in partnership with Aquanow and Zodia Custody
• Greater than 750,000 customers of WhatsApp banking
• Strategic partnership between Emirates NBD Pay and Visa’s Cybersource platform to speed up superior digital cost options for shoppers
• Key technological partnerships with Authorities and GREs to digitize and automate banking companies
• Additional fintech collaborations with Partior (blockchain funds) and iPID (beneficiary validation)
• Huge-data analytics performs deep information mining, increasing new service provider buying alternatives
• Over 50 energetic Superior Analytics use instances, positioning Emirates NBD as a data-first financial institution
• Greatest ESG score for any financial institution within the area by S&P World
• First financial institution in MENA to publish inaugural ISSB report
• Emirates NBD has the best variety of LEED Platinum licensed branches of any financial institution globally
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director stated:
“Emirates NBD’s earnings surged 12% to AED 23.9 billion within the first half of 2025 on robust mortgage development, regional enlargement and an modern product providing.
Lending grew by a wonderful AED 41 billion within the first half of 2025, and we now anticipate double digit mortgage development for the total 12 months as client momentum and enterprise confidence continues.
Emirates Islamic’s revenue rose to a document AED 1.9 billion, with very robust Buyer financing development of 13% within the first half of 2025, highlighting its place as an Islamic banking powerhouse within the UAE.
The Group instructions a 35% market share of UAE bank card spend as we processed greater than AED 100 billion credit score and debit card spend within the first half of 2025.
We efficiently launched the ‘SHARE’ bank card, cobranded with the Majid Al Futtaim Group, which grew to become the Group’s quickest ever card to achieve 10,000 in concern.”
Shayne Nelson, Group Chief Govt Officer stated:
“Emirates NBD delivered a 9% yoy enhance in working revenue, propelled by wonderful mortgage development and our potential to draw and retain low-cost deposits.
The Group’s potential to considerably develop earnings is a direct advantage of the strategic funding in our regional footprint, Digital and GenAI, serving to to offset the influence of decrease rates of interest.
Revolutionary merchandise have efficiently harnessed key development areas, together with Non-public Banking, Wealth Administration, Escrow, regional company development and funding banking.
We have now labored exhausting to nurture the UAE’s main deposit franchise in low-cost Present Accounts and Financial savings Accounts, which accounted for AED 48 billion of the AED 70 billion development in deposits within the first half of 2025.
We actively use big-data analytics for deep information mining, increasing new service provider buying alternatives and have over 50 energetic Superior Analytics use instances, positioning Emirates NBD as a data-first financial institution.”
Patrick Sullivan, Group Chief Monetary Officer stated:
“Revenue earlier than tax was AED 15.4 billion regardless of practically AED 2 billion decrease recoveries within the first half of 2025 relative to the very robust recoveries final 12 months.
Revenue for the half 12 months of AED 12.5 billion regardless of the influence of the brand new increased tax charge.
The continued wholesome credit score setting and buoyant financial system delivered a web impairment credit score of AED 0.3 billion, resulting in a optimistic revision on credit score metrics.
Wholesome capital era helped assist extraordinarily robust mortgage development and the rock-solid steadiness sheet makes Emirates NBD a regional powerhouse, offering the platform for future development.
The funding in folks, community, know-how and merchandise is clearly delivering new sources of earnings.”