Dubai Financial Market-listed Emirates NBD has reported a record profit before tax of AED 24.3 billion for the first nine months of 2026, representing a 4% increase compared with AED 23.4 billion during the corresponding period of 2025.
According to the bank’s financial results announced on October 21, 2026, total income reached a record AED 42.2 billion, up 15% year-on-year from AED 36.7 billion, supported by strong customer activity and growth across its core markets.
Net profit after tax increased by 2% to AED 19.3 billion, compared with AED 19.0 billion in the first nine months of 2025.
Net interest income rose by 14% to AED 29.4 billion, while non-funded income increased by 18% to AED 12.8 billion, reflecting growth across the bank’s income-generating activities.
Operating profit before impairment allowances increased by 14% to AED 29.0 billion, compared with AED 25.5 billion in the corresponding period last year.
Operating expenses rose by 19% to AED 13.3 billion, while impairment allowances amounted to AED 2.1 billion, primarily driven by provisioning at DenizBank, partially offset by continued recoveries at Emirates NBD.
The bank also recorded a hyperinflation adjustment of AED 2.6 billion, compared with AED 2.4 billion in the previous year.
Earnings per share increased to AED 2.97 for the first nine months of 2026, compared with AED 2.94 during the corresponding period of 2025.
Emirates NBD’s total assets reached AED 1.38 trillion as of September 30, 2026, representing an increase of 18% since the beginning of the year and 21% compared with September 2025.
Gross loans increased by 27% year-to-date to AED 833 billion, supported by AED 174 billion in new lending and growth across retail and corporate banking. Excluding the contribution from RBL Bank, loan growth stood at 18% year-to-date.
Customer deposits increased by 19% year-to-date to AED 935 billion, compared with AED 786 billion at the end of December 2025. Excluding RBL Bank, deposit growth reached 12%.
Asset quality improved, with the non-performing loan ratio declining to 2.0%, compared with 2.5% in September 2025. The bank reported a Common Equity Tier 1 capital ratio of 13.4% and a liquidity coverage ratio of 147%.
For the third quarter of 2026, Emirates NBD reported total income of AED 14.3 billion, representing a 6% increase compared with the second quarter. Quarterly profit before tax stood at AED 8.0 billion, while net profit reached AED 6.4 billion.
The bank continued expanding its international operations through the acquisition of RBL Bank in India and its agreement to acquire HSBC Egypt’s retail banking business.
Emirates NBD also highlighted continued investment in digital banking, wealth management and artificial intelligence. Its ENBD X mobile banking application now offers 237 services, compared with 150 services when launched in 2023.
The bank’s UAE wealth management assets under management, including assets under administration, increased by 15% since February 2026.
Additionally, Emirates NBD Capital executed more than 70 debt capital markets transactions during the first nine months of 2026, raising over USD 60 billion across 13 countries.
The bank also announced that it had achieved its USD 30 billion sustainable finance and facilitation target for 2030, nearly four years ahead of schedule.
The results reflect continued growth in Emirates NBD’s income, lending activities, deposits and overall balance sheet, alongside higher operating expenses, impairment allowances and hyperinflation-related charges.
Source: Emirates NBD
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
