Emirates NBD delivered a record profit of AED19bn ($5.2bn) for the first nine months of 2024 as the Group strategically positions itself to benefit from regional growth and consumer confidence.
More than AED100bn ($27.2bn) in new loans have been provided to customers in 2024 across the network.
Income grew 7 per cent in the third quarter of 2024, driven by strong loan growth, improving margins and higher fee and commission income, the bank said.
Emirates NBD results
The bank reported that its Digital Wealth platform propelled Group Assets Under Management above $40bn ($10.9bn) as the product offering expanded to include fractional bonds and sukuks, equities and mutual funds.
Meanwhile, Emirates Islamic delivered its strongest ever results with an excellent AED2.5bn ($681m) profit and the branch expansion into the Kingdom of Saudi Arabia enabled KSA’s loan book to grow by a very impressive 49 per cent in 2024.
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