Emirates NBD Post $9.99 Billion Income in 9M-2025

Dubai Government-owned Emirates NBD, one of the largest banking groups in the Middle East in terms of assets, on Thursday reported an income of $9.99 billion for the first nine months of 2025 as the Group continued strong growth momentum in both interest income and non-funded income across all countries, segments, and products.

Operating profit increased by 10% y-o-y, fuelled by outstanding loan growth more than offsetting the impact of interest rate cuts. Profit before tax up 6% to $6.37 billion despite lower recoveries during the quarter, Emirates NBD said in a bourse disclosure with Dubaiu Financial Market (DFM).

Lending surged by an impressive record $26.96 billion (19%) in the first nine months of 2025, driven by strong domestic and international demand. Deposits grew by $25.6 billion (14%) in the first nine months, boosted by $15.25 billion increase in low-cost current and savings account balances.

Even Emirates Islamic, which is part of Emirates NBD Group, continued strong growth momentum delivering record profit before tax of $870 million during the first nine months of 2025. Emirates Islamic Saudi Arabia continued to outperform with lending growing 38%, in the first nine months. Emirates NBD’s Digital Wealth platform has boosted Group Assets Under Management up to $53 billion, strengthening the Group’s product offering and wealth management strategy.

On the 18 October 2025, Emirates NBD entered into a Share Subscription Agreement with RBL Bank Limited to acquire a 60% stake through the Issuance of Preferential Equity Shares for a total compensation of $3 billion.

As part of the Transaction, Emirates NBD would be required to launch a Mandatory Tender Offer to existing shareholders post receiving the requisite regulatory approvals for the Transaction. Emirates NBD would also merge its existing three branches in India with RBL Bank in due course. The transaction is expected to be completed by the end of the second quarter of 2026, subject to obtaining necessary regulatory approvals. The Transaction is in line with our strategy to increase our presence in core markets, with India being one of them, representing strong long-term growth potential.

Loan Growth Outstanding

Emirates NBD and Emirates Islamic Vice Chairman and Managing Director Hesham Abdulla Al Qassim said that the bank performance was propelled by outstanding loan growth and healthy deposit mix.

Hesham said that Emirates Islamic continued its growth momentum 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, Hesham said.

“We have signed a $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,” he added.

Emirates NBD Group CEO Shayne Nelson said that their investment in RBL Bank is a testament to the Group’s 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 its domestic and regional footprint, Digital and GenAI, helping to offset the impact of lower interest rates, Nelson said.

“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 AED 5 billion in trading volumes within its first year of launch,” he added.