Revenue of AED 36.7 Billion, Up by 12%
The bank’s revenue stood at AED 36.7 billion, reflecting continued robust growth across both interest income and non-fund-based income across all markets and sectors. Operating profits increased by 10% compared to the same period last year, driven by exceptional growth in lending, which largely offset the impact of reduced interest rates.
Loan growth reached a record-breaking AED 99 billion (19%) in the first nine months of 2025, supported by strong domestic and international demand. Deposits also grew by AED 94 billion (14%) during this period, bolstered by an increase of AED 56 billion in current and low-cost savings account balances.
Quarterly Profits
The net interest income also grew by 6% year-on-year during the same period to approximately AED 9 billion, compared to AED 8.5 billion in the corresponding period last year.
Emirates Islamic continued its impressive growth, achieving record pre-tax profits of AED 3.2 billion in the first nine months of 2025.
Saudi Arabia’s performance remained exceptional, with lending growth reaching 38% in the first nine months.
Emirates NBD’s digital wealth platform contributed to an increase in managed assets to $53 billion (AED 195 billion), strengthening the group’s product offerings and wealth management strategy.
Strategic investments in the broad regional presence of the group, as well as projects focused on digital transformation and generative artificial intelligence, have been key factors driving income growth, largely offsetting the impact of low-interest rates.
The use of credit cards in the UAE accounted for 35% of the market share, positioning Emirates NBD as a leading issuer of credit cards across the Middle East and Africa.
RBL Acquisition Deal
On October 18, the bank signed a subscription agreement with RBL Bank to acquire a 60% stake through the issuance of preferential shares valued at a total of INR 268.5 billion (approximately $3 billion).
As part of this deal, Emirates NBD will be required to make a mandatory subscription offer to existing shareholders after receiving necessary regulatory approvals for the transaction.
The bank will also integrate its three existing branches in India with RBL Bank at the appropriate time, and the deal is expected to be finalized by the end of the second quarter of 2026, pending required regulatory approvals.
Remarkable Growth
Loan growth reached a record AED 99 billion in the first nine months of 2025, while the bank continues to build its market share in the UAE and across its main markets.
Emirates Islamic also maintained its impressive growth momentum, achieving record pre-tax profits of AED 3.2 billion in the first nine months of 2025, highlighting its position as a leading Islamic banking institution in the UAE, supporting the vision of the leadership to establish the country as a global center for Islamic finance.
Furthermore, the bank successfully completed a $350 million financing agreement for Emirates Airlines, aimed at supporting the company in the delivery of two Boeing 777-200LRF aircraft, which enhances the strategy for expanding and growing the Emirates cargo fleet.
The investment in RBL Bank is a strong testament to the bank’s confidence in the vibrant and growing Indian economy, aligning with Emirates NBD’s ambitions to deepen its presence in key markets.
Patrick Sullivan, Group Chief Financial Officer, reported that operating profits before provisions for credit losses rose by 10% year-on-year, reaching AED 25.5 billion, reflecting strong and resilient income growth amidst a low-interest-rate environment.
Future Outlook
Real estate transactions in Dubai continued their growth momentum, while price growth has seen a year-on-year decline. In Saudi Arabia, intense government spending boosts growth, while non-oil activity remains robust.
Egypt’s external position continues to improve, while monetary policy in Turkey is effective in curbing inflation.