Emirates NBD reported record financial results for the first nine months of 2026, supported by strong customer activity and growth across the Group’s key markets. The performance reflects the bank’s financial strength and the resilience of the UAE economy.
The bank’s total income reached a record AED 42.2 billion, up 15% from the same period last year, while pre-tax profit rose 4% to AED 24.3 billion.
Key Financial Results for the First Nine Months of 2026
Net profit after tax increased 2% to AED 19.3 billion, despite higher impairment allowances and hyperinflation-related costs. Operating profit before impairment allowances also grew 14% to AED 29 billion.
Operating expenses rose 19% to AED 13.3 billion, bringing the cost-to-income ratio to 31.4%.
The Group’s balance sheet continued to grow, with total assets reaching AED 1.38 trillion, an increase of 18% since the beginning of the year and 21% compared with the same period in 2025.
Total loans climbed 27% since the start of the year to AED 833 billion. The increase was driven by 17% growth in retail lending and 22% growth in corporate lending, alongside AED 174 billion in new financing. Deposits also rose 19% to AED 935 billion.
In terms of asset quality and liquidity, the cost of risk stood at 37 basis points, while the non-performing loan ratio was 2%. The Common Equity Tier 1 (CET1) ratio reached 13.4%, and the liquidity coverage ratio improved by 12 percentage points compared with the previous quarter.
Third-Quarter Performance in 2026
Emirates NBD recorded AED 8 billion in pre-tax profit during the third quarter of 2026, while net profit after tax reached AED 6.4 billion.
Quarterly income totaled AED 14.3 billion, representing a 6% increase from the previous quarter, while net interest income stood at AED 10.4 billion.
Commenting on the results, Hisham Abdulla Al Qassim, Vice Chairman and Managing Director, said: “Emirates NBD achieved record income of AED 42.2 billion during the first nine months of 2026, an increase of 15% compared to the same period last year, reflecting the underlying strength of the Group’s diversified business model and the resilience of the UAE economy. We continue to play a leading role in regional capital markets, with Emirates NBD Capital executing more than 70 debt capital market transactions in 2026, raising over US$60 billion across 13 countries.”
Shayne Nelson, Group Chief Executive Officer, said: “Our agreement to acquire HSBC’s retail banking business in Egypt represents an important and encouraging step in our regional growth strategy. Alongside our acquisition of RBL Bank in June 2026, this reflects our focus on expanding into markets with strong long-term growth potential. The bank also continues to expand its digital capabilities, with the ENBD X app currently offering 237 services.”
