Dubai, UAE – Emirates NBD Bank achieved a net profit of 6.4 billion dirhams in the first quarter of this year, a growth of 3% compared to the same period in 2025. Profits before tax were calculated amounted to 8.2 billion dirhams, an increase of 6%.
Total income increased by 21% compared to the same period of the previous year, and by 13% compared to the previous quarter, reaching 14.4 billion dirhams. Supported by strong asset growth and record growth in unfunded income.
Operating profits before impairment provisions increased by 24% compared to the same period of the previous year. And 16% compared to the previous quarter, reaching 10.2 billion dirhams. Reflecting the strength of income growth and a disciplined approach to costs.
Pre-tax profits jumped by 6% compared to the same period of the previous year and 28% compared to the previous quarter, reaching 8.2 billion dirhams. Despite the rise in hyperinflation provisions.
Strong growth momentum
The balance sheet continues its strong growth momentum, exceeding AED 1.2 trillion. It reached 1.217 trillion dirhams, a growth of 18% compared to the first quarter of last year.
Loans grew by 7% in the first quarter of 2026, supported by strong growth across various sectors
Deposits grew by 6% in the first quarter of 2026, supported by a continued increase in customer base across various sectors.
Impairment provisions amounted to AED 0.8 billion, primarily due to the prudential approach to provisions formation at Denizbank and Emirates NBD. This was partly offset by significant collections at the beginning of this year.
The non-performing loan rate improved to 2.3%, as a result of maintaining the quality of the loan portfolio.
Emirates Islamic’s pre-tax profits reached AED 1 billion in the first quarter of 2026.
