Emirates NBD Reports Strong Growth in 2025
Emirates NBD shows robust financial performance with record loan growth and strategic expansion.
Summary
Emirates NBD's financial results for the first nine months of 2025 highlight strong income growth, strategic expansion in India, and impressive loan growth.
Emirates NBD PJSC, a prominent financial institution in the UAE, has reported an impressive financial performance for the first nine months of 2025. The bank's income surged to AED 36.7 billion, marking a 12% year-on-year increase. This growth was driven by both interest and non-funded income across various markets and product lines.
One of the standout achievements for Emirates NBD was its record loan growth. Lending increased by a remarkable AED 99 billion, or 19%, fueled by strong demand both domestically and internationally. This robust loan growth more than compensated for the impact of interest rate cuts, leading to a 10% increase in operating profit year-on-year.
Profit before tax also saw a significant rise, reaching AED 23.4 billion, a 6% increase despite lower recoveries during the quarter. The bank's deposits grew by AED 94 billion, with a notable AED 56 billion increase in low-cost current and savings account balances.
Emirates Islamic, a subsidiary of Emirates NBD, continued its strong growth trajectory, delivering a record profit before tax of AED 3.2 billion in the first nine months of 2025. The bank's operations in Saudi Arabia were particularly impressive, with lending growing by 38%.
The bank's strategic investments in digital platforms and regional expansion are paying off. Emirates NBD's Digital Wealth platform has boosted the Group's Assets Under Management to USD 53 billion, enhancing its wealth management strategy. Furthermore, the bank's strategic expansion into India is set to strengthen its presence in core markets. The acquisition of a 60% stake in RBL Bank Limited, through a share subscription agreement, marks a significant move to tap into India's long-term growth potential.
Emirates NBD's financial metrics remain strong, with a net interest margin of 3.43%, a cost-to-income ratio of 30.5%, and a non-performing loan ratio of 2.5%. The bank's Common Equity Tier 1 (CET-1) ratio stands at a healthy 14.7%.
Given the bank's robust financial performance, strategic expansion plans, and strong market presence, the outlook for Emirates NBD appears optimistic. Investors may consider a buy recommendation, given the bank's growth potential and strategic positioning in key markets.
Source
Summary
Emirates NBD reported an income of AED 36.7 billion for the first nine months of 2025, marking a 12% increase year-over-year. The profit before tax rose to AED 23.4 billion, driven by record loan growth despite the impact of interest rate cuts. Lending increased by AED 99 billion (19%), and deposits grew by AED 94 billion (14%). Emirates Islamic also showed strong growth, with a record profit before tax of AED 3.2 billion. The bank's digital wealth platform enhanced its assets under management to USD 53 billion. On October 18, 2025, Emirates NBD agreed to acquire a 60% stake in RBL Bank Limited for INR 268.5 billion (USD 3.0 billion), with plans to merge its existing branches in India with RBL Bank. This transaction aligns with Emirates NBD's strategy to expand in core markets, including India. Key financial metrics include a net interest margin of 3.43%, a cost-to-income ratio of 30.5%, a non-performing loan ratio of 2.5%, and a CET-1 ratio of 14.7%.
