Dubai bank Emirates NBD showed strong growth figures for H1 2025 on the back of continued expansion and enhanced digital integration to improve its service offerings, as per an official media release on Thursday by one of the city emirate’s largest banks.
While the company’s overall income and operating income improved compared to the same period last year, Emirates NBD did show a drop in profits by 9%.
Emirates Islamic—a prominent Islamic bank managed under Emirates NBD—delivered record profits of AED 1.9 billion, mainly due to excellent growth in its customer financing segment.
While Emirates NBD’s profits have dropped, the bank’s income has increased by 12% to AED 23.9 billion. Operating income increased by 9% to AED 16.7 billion.
“Healthy capital generation helped support extremely strong loan growth, and the rock-solid balance sheet makes Emirates NBD a regional powerhouse, providing the platform for future growth,” said Group Chief Financial Officer Patrick Sullivan.
“Emirates NBD delivered a 9% yoy increase in operating profit, propelled by excellent loan growth and our ability to attract and retain low-cost deposits,” said Group Chief Executive Officer Shayne Nelson
Emirates NBD is also moving towards a more digitally friendly approach when implementing its services and products. Its digital mobile banking application ENBD X went live in Saudi Arabia, while its Gen-Z-friendly bank application Liv X now offers crypto trading in collaboration with Aquanow and Zodia Custody.