Emirates NBD Reports Record Income of AED 14.4 Billion in First Quarter of 2026

Emirates NBD

Emirates NBD delivered a strong financial performance in the first quarter of 2026, reporting pre-tax profit of AED 8.2 billion. The figure marks a 6% increase compared with the same period last year and a 28% rise from the previous quarter, supported by solid balance sheet momentum and record growth in non-funded income.

The bank’s results also showed a clear increase in total income, which rose 21% year-on-year to reach AED 14.4 billion. Operating profit before impairment allowances climbed 24% to AED 10.2 billion, reflecting the strength of the bank’s underlying business and continued cost discipline.

On the balance sheet side, total assets moved past AED 1.2 trillion, while loans grew 7% to AED 703 billion, driven by lending growth across a range of sectors. Customer deposits also increased by 6% to AED 830 billion, supported by the bank’s expanding client base.

Asset quality continued to improve, with the impaired loan ratio falling to 2.3%, pointing to the resilience of the loan portfolio. At the same time, impairment allowances stood at around AED 0.8 billion as part of the bank’s prudent approach to risk management.

Emirates Islamic, the group’s Islamic banking arm, also posted a strong performance during the same period, recording pre-tax profit of AED 1 billion, highlighting continued growth momentum in the Islamic banking segment.

The bank said the results were achieved against the backdrop of a resilient operating environment in the UAE, supported by strategic investments in digital transformation and artificial intelligence, as well as a stronger regional presence.

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