United Arab Emirates · Delayed Price · Currency is AED Emirates NBD Bank PJSC Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 2026 results with 21% income growth and robust profit, supported by strong lending, deposit growth, and resilient margins. Conservative provisioning and liquidity measures were implemented amid geopolitical uncertainty, while capital and asset quality remain strong.
Fiscal Year 2025
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Record profit before tax and income were achieved, driven by robust loan and deposit growth, digital and sustainable finance initiatives, and strong segment performance. 2026 guidance anticipates margin compression, moderated loan growth, and continued elevated risk in Türkiye.
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Profit before tax for the first nine months rose 6% year on year to AED 23.4 billion, with strong loan and deposit growth, robust digital and ESG performance, and a major acquisition in India announced. NIM and cost-to-income ratios remain resilient, and capital levels are strong.
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Income rose 12% in H1 2025, driven by 8% loan growth and strong international expansion, while net profit declined 9% due to lower impairment recoveries and a higher tax rate. Guidance for loan growth and asset quality was revised upward, with robust liquidity and capital maintained.
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Profit before tax surged 56% sequentially to AED 7.8 billion, with strong loan and deposit growth, especially from international markets. Asset quality improved, cost-income ratio remained low, and guidance for loan growth and margins is unchanged.
Fiscal Year 2024
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Record 2024 profit before tax of AED 27.1 billion and profit after tax of AED 23 billion were driven by strong lending, digital investments, and regional expansion. Guidance for 2025 anticipates high single-digit loan growth, margin compression, and stable cost ratios amid a buoyant UAE economy.
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Record nine-month profit of AED 19 billion driven by 9% lending growth, strong fee income, and digital investments. Net interest margin improved to 3.75% in Q3, with robust asset quality and capital ratios. Loan growth guidance raised to low double digits.
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Record H1 2024 profit of AED 13.8 billion, up 12% year-on-year, driven by strong loan growth, robust recoveries, and outstanding performance across all segments. Guidance for loan growth and cost of risk was upgraded, with continued investment in digital and regional expansion.