Emirates NBD posted total income of AED36.7 billion (US$10 billion) for the first nine months of 2025, marking a 12 per cent increase from AED32.9 billion in the same period last year. The rise was driven by a 19 per cent surge in lending to a record AED99 billion (US$26.96 billion), which offset the effects of interest rate reductions.
The bank maintained strong momentum across all markets, products, and segments, with solid performance in both interest and non-interest income streams.
Operating profit rose 10 per cent year-on-year to AED25.5 billion (US$6.94 billion), while profit before tax grew 6 per cent to AED23.4 billion (US$6.37 billion), despite reduced recoveries during the quarter.
Customer deposits expanded by AED94 billion (US$25.6 billion), reflecting a 14 per cent increase in the first nine months. This included a notable AED56 billion (US$15.25 billion) growth in low-cost Current and Savings Account balances.
Saudi Arabia continued to outperform other markets, with lending rising by 38 per cent. The bank plans to open two additional branches by the end of 2025, bringing its total to 23.
Emirates NBD’s Digital Wealth platform further strengthened its asset base, pushing total Assets Under Management (AUM) to US$53 billion.
Emirates NBD recently signed a share subscription agreement with India’s RBL Bank Limited to acquire a 60 per cent stake through the issuance of preferential equity shares valued at INR268.5 billion (USD3 billion).
Following regulatory approval, the bank will initiate a mandatory tender offer to RBL’s existing shareholders. Emirates NBD also plans to merge its three current branches in India with RBL Bank, with the transaction expected to close by the end of the second quarter of 2026.
“Our investment in RBL Bank underscores our confidence in India’s dynamic and growing economy and reflects our ambition to strengthen Emirates NBD’s footprint in our core markets,” said Shayne Nelson, Group Chief Executive Officer.
Emirates NBD expressed optimism for continued growth across key markets and sectors.
“The UAE’s non-oil economy has recorded strong growth in the first nine months of 2025, supported by high project spending from both public and private sectors, sustained consumer activity, and favourable policy measures,” the bank said in a statement.
It added that Dubai’s property market continues to perform well, though price growth has moderated year-on-year. In Saudi Arabia, robust government expenditure is driving expansion, while non-oil activity remains elevated. Egypt’s external balance is improving, and in Türkiye, monetary tightening is gradually easing inflation pressures.
