Emirates NBD Achieves AED19.3 Billion Profit as Strategic Expansion Accelerates
The region's leading financial institution reports robust nine-month performance, underpinned by record income and significant capital expansion initiatives across multiple markets.
Emirates NBD has delivered an impressive financial performance for the first nine months of 2026, reporting a profit after tax of AED19.3 billion, reflective of the institution’s enduring strength and strategic positioning within the regional banking landscape. This achievement represents a 2 percent increase compared to the corresponding period of the previous year, whilst profit before tax rose by 4 percent to reach AED24.3 billion.
The bank’s financial trajectory has been supported by record income of AED42.2 billion, demonstrating a commanding 15 percent year-on-year expansion. The group’s total assets have ascended to AED1.38 trillion, reflecting an 18 percent increase since the beginning of the year, a testament to the institution’s robust capital management and commercial momentum.
Lending activity has expanded substantially, with gross loans growing 27 percent year-to-date to AED833 billion, whilst customer deposits have risen 19 percent to AED935 billion. These figures underscore the considerable confidence that both corporate and retail clients place in the institution’s services and stability.
Asset quality has remained commendably healthy, with a cost of risk standing at 37 basis points, whilst capital and liquidity ratios continue to provide an exceptionally solid foundation for future expansion and operational resilience. Operating profit before impairment increased 14 percent year-on-year to AED29.0 billion, further affirming the institution’s operational excellence.
The bank is strategically positioning itself for sustained future growth through targeted investments in wealth management capabilities, digital transformation initiatives and generative artificial intelligence technologies. These endeavours reflect a forward-looking approach to enhancing customer experiences and operational efficiency across the entire group.
Notably, Emirates NBD is expanding its geographic footprint through significant strategic acquisitions, including its acquisition of RBL Bank and its agreement to acquire HSBC Egypt’s retail banking business. These initiatives represent a deliberate commitment to strengthening the group’s regional presence and deepening its customer franchise within markets demonstrating considerable long-term growth potential.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, highlighted the institution’s pre-eminent role in regional capital markets, noting that Emirates NBD Capital has executed more than 70 debt capital markets transactions year-to-date, raising in excess of US$60 billion across 13 countries.
Shayne Nelson, Group Chief Executive Officer, remarked upon the strategic significance of the Egyptian expansion, describing it as an exciting advancement in the group’s regional growth ambitions and an acceleration of efforts to cultivate a deeper customer presence within high-potential markets.
Source: WAM
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