The Balance of Emirates NBD exceeded the aed1 milestone (US $ 272.3 billion) in the first quarter of 2025, since the bank recorded solid results, including a 56 percent increase in Brafie Billy gains) and a 11.8 perar $ $ $ $ $ $ $ $. In income.
The performance followed another quarter with a strong impulse of loans, an improvement in the mixture of deposits and new products.
The impressive growth of loans and deposits in a Boyante regional economy promoted the balance sheet. The deposits grew by 5 percent (AED31 billion), driven by a record increase of AED27 billion (US $ 7.35 billion) in current balances and low -cost savings. Loans grew AED18 billion (US $ 4.9 billion) duration in the quarter, with more than half of the increase from the growing international network of the bank.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD, Commented: “Emirates Nbd’s Profit Before Tax Grew Substantialy By 56 Per Cent To Aed7.8 Billion In The First Quarter Expansion, ANCIVASED, Anthe By Regionaling, Anthe By Byraseed, Analy Analsion, Analsion, Analsion, Analsion, Analsion, Analsion, Analsion, Analsion, analyzed.
“All business units achieved outstanding performance, since they delivered a higher high one year.
Earlier this year, Emirates NBD acquired the participation of 0.11 percent in the Islamic Bank (EIB) of Emirates to take the total property and eliminated it. In the first quarter, the quarterly profitability of Emirates Islamic crossed the AED1 billion brand for the first time.
Shayne Nelson, executive director of the group, added: “Emirates NBD offered an interannual increase in income, driven by excellent loan growth and our ability to attract and retain low -cost deposits.
“The group’s ability to substantially increase income is a direct benefit of strategic investment in our regional, digital and Genai footprint, which helps to compensate for the impact of lower interest rates. Innovative products have successfully used key areas of key growth, including private banking, wealth management, cycle, regional corporate growth and investment banking.
“We must continually develop strategic associations to accelerate the advanced digital payment solutions for customers and have expanded our collaboration with three exciting Fintech colleagues ranging from paychain -based payments to international validity of beneficiaries.”
Emirates NBD reported a credit of AED0.5 billion deterioration in impressive recovery, since customers benefit from a regional buoyant economy. The deteriorated loan ratio improved 3.1 percent.
The bank now enjoys a market share of 35 percent of the EU -credit card spending, with more than 50 billion dollars of credit and debit cards in the quarter.
Patrick Sullivan, Financial Director of the group, said: “The current account deposits and low -cost savings of the group grew by a record of AED27 billion in the first quarter, helping to absorb the impact of lower interest rates.
“The credit environment is still healthy, and customers continue to benefit from a floating economy, which leads to a net of Net Aed0.5 billion deterioration.”
