DUBAI, 22nd April, 2025 (WAM) -- Emirates NBD's Profit before tax rose 56 percent to AED7.8 billion in the first quarter of 2025 as strong lending momentum, an improvement in deposit mix and new products drove an 11percent year-on-year increase in income.
The bank said that the balance sheet surpassed the AED1 trillion milestone boosted by impressive loan and deposit growth from a buoyant regional economy.
Profit increased by 56 percent over the preceding quarter to AED6.2 billion in Q1-25 on higher income, lower costs and an impairment credit.
Deposits grew by five percent, driven by a record AED27 billion increase in low-cost Current and Savings Account balances.
Loans grew AED18 billion in the first quarter of 2025, with over half of the increase sourced from the growing International network.
