Emirates NBD reported income of AED 36.7 billion for the first nine months of 2025, a 12% increase compared to the same period last year. The group’s operating profit rose by 10% year-on-year, reaching AED 25.5 billion, supported by strong loan growth that offset the impact of interest rate cuts. Profit before tax increased by 6% to AED 23.4 billion.
The bank experienced record lending growth, with loans rising by AED 99 billion (19%) in the first nine months of the year due to strong demand both domestically and internationally. Deposits also grew by AED 94 billion (14%), including a significant increase in low-cost Current and Savings Account balances.
Emirates Islamic, part of Emirates NBD Group, achieved a record profit before tax of AED 3.2 billion during this period. In Saudi Arabia, lending expanded by 38%, while Emirates NBD’s Digital Wealth platform helped boost assets under management to USD 53 billion.
On October 18, Emirates NBD signed an agreement with RBL Bank Limited to acquire a 60% stake through preferential equity shares for INR 268.5 billion (USD 3.0 billion). This transaction is expected to be completed by the end of the second quarter of 2026 after receiving regulatory approvals and will include merging Emirates NBD’s three Indian branches with RBL Bank.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director at Emirates NBD, stated: “Emirates NBD delivered 36.7 billion income, up 12% for the first nine months of 2025 propelled by outstanding loan growth and healthy deposit mix. Lending grew by a record 99 billion in the first nine months of 2025, as we continue to grow our market share in the UAE and across our other core markets.
Emirates Islamic continued its growth momentum delivering a record 3.2 billion profit before tax for the first nine months of 2025, highlighting its position as an Islamic banking powerhouse in the UAE, supporting the national vision to position the country as the global hub for Islamic Finance.
The Group maintains 35% market share in UAE credit card spend, reinforcing Emirates NBD’s position as the number one credit card issuer in the Middle East and Africa.
We successfully signed a USD 350 million aircraft financing deal with Emirates Airline, supporting the airline in the delivery of two Boeing 777-200LRF aircraft, further supporting Emirates SkyCargo’s fleet expansion and growth strategy.”
Shayne Nelson, Group Chief Executive Officer at Emirates NBD said: “Emirates NBD delivered an 8% yoy increase in profit before tax, fuelled by record-breaking loan growth and our ability to attract and retain low-cost deposits.
Our investment in RBL Bank is a testament to our confidence in India’s vibrant and expanding economy with our ambition to deepen Emirates NBD’s presence in our core markets.
The Group’s ability to substantially grow income is a direct benefit of the strategic investment in our domestic and regional footprint, Digital and GenAI, helping to offset the impact of lower interest rates.
We continue to outperform in the Kingdom of Saudi Arabia, with lending up 38% in the first nine months, and our expanding network expected to reach 23 branches by year-end.
We are also expanding our digital ecosystem to deliver seamless, customer-first experiences; our digital wealth platform surpassed 5 billion in trading volumes within its first year of launch.”
Patrick Sullivan, Group Chief Financial Officer at Emirates NBD commented: “Profit Operating profit before impairment increased by 10% yoy to 25.5 billion, reflecting strong and resilient income growth in a lower interest rate environment
Profit before tax increased 6% to 23.4 billion in the first nine months of 2025, despite lower recoveries during the third quarter.
Healthy momentum of the credit environment and buoyant economy drove an impairment credit of 0.3 billion, and an improved impaired loan ratio to 2.5%.
On the back of record lending, we are pleased to revise our loan growth guidance upwards to low 20%s, reflecting a surge in demand in Q3-2025.
Our rock-solid balance sheet, strong capital, liquidity, and credit quality reflects core strengths of The Group.”
According to company data provided for this period:
– The bank maintained its leading position as top credit card issuer across Middle East & Africa with about one-third market share on UAE credit card spending.
– Its capital markets arm led all initial public offerings (IPOs) within United Arab Emirates so far this year.
– The group facilitated over USD eight billion worth sustainable finance transactions during these nine months.
– Its digital transformation included growing ENBD X active users across UAE & KSA by nearly half since two years ago; local equity trading via digital wealth platform exceeded five billion dirhams within one year under zero-fee model; more than fifty advanced analytics use cases have been deployed bank-wide; integration deepened around APIs delivering enhanced customer experience.
The broader economic backdrop showed robust non-oil sector expansion within United Arab Emirates—supported largely through private/public project investments—and continued property market activity though price rises have moderated annually.
In Saudi Arabia government spending has sustained high non-oil activity levels.
Egypt has seen improvements externally while Türkiye’s monetary policy is working toward lowering inflation.
