Emirates NBD sees higher HI income, but profits decline

HIGHER OPERATING EXPENSES, LOWER LOAN RECOVERIES WEIGH DOWN MARGINS

- BY MANOJ NAIR

Profits at Dubai's biggest banking entity, Emirates NBD, dropped 9 per cent for the first six months of 2025, to Dh12.5 billion. This is despite the bank recording higher income during the period, with an impressive 12 per cent gain year-on-year to Dh23.9 billion.

This was the result of “strong loan growth, regional expansion, and innovative product offering”.

But when it comes to expenses, Emirates NBD has seen a 19 per cent increase over the period, adding up to Dh7.3 billion.

Lending, deposits up

Lending was higher by Dh41 billion (up 8 per cent) in the first-half of 2025, including those from across the bank's growing international network.