Emirates NBD reported a pre-tax profit of AED 27.1B in 2024, a 15% rise from the previous year, while post-tax profit increased by 7% to AED 23B. The bank’s Board of Directors has proposed a 100 fils dividend per share.
Total income surpassed AED 44B, driven by strategic investments in digital banking and branch expansion. Loan growth reached 10%, with AED 88B in new corporate lending from regional network optimisation and a 30% rise in retail lending due to rapid expansion in Priority and Private Banking. Deposits increased by AED 82B, with Current and Savings Accounts (CASA) contributing AED 48B.
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, highlighted the bank’s record profit, attributing it to regional corporate expansion and the growth of Wealth Management, Priority, and Private Banking. He also noted a 57% loan growth in Saudi Arabia, supported by 21 branches and 62 ATMs.
Looking ahead, he projected Dubai’s GDP to grow by 5% in 2025, driven by infrastructure, transport, hospitality, and logistics, with Emirates NBD playing a key role in regional development.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, stated that 98% of customers are now digitally onboarded, while Private and Priority Banking continues to expand its market-leading product offerings.