Emirates NBD and its subsidiary, Emirates Islamic, have both released their financial results for the first quarter of 2025.
Showcasing strong growth and profitability amidst a buoyant regional economy.
Emirates Islamic Bank Assets Increased to USD 50 Billion
For the first time ever, Emirates Islamic Bank quarterly profit exceeded AED 1 billion.
While the rising population of wealthy individuals in the region contributed to an increase in assets under management to USD 50 billion. Affirming the bank’s successful focus on wealth management and new products.
The strong momentum in new loans—amounting to AED 46 billion—contributed to a 7% growth in retail loans and a 6% increase in corporate lending in Q1 2025.
Quarterly profits of Emirates Islamic Bank surpassed AED 1 billion for the first time.
With a strong 7% growth in customer financing in Q1 2025.
Further strengthening its position as a prominent player in the Islamic banking sector in the UAE.
The Group holds a 35% market share in credit card spending in the UAE, processing over AED 50 billion in credit and debit card transactions during Q1 2025.
Emirates NBD Net Profit in the First Quarter of 2025
Emirates NBD recorded a strong rise in its net profit for the first quarter of 2025.
This rise is fueled by strong lending momentum, which was a key factor in boosting income by 11% compared to the same period last year.
The bank’s balance sheet surpassed AED 1 trillion.
Due to the remarkable growth in loans and deposits, reflecting a thriving regional economy.
Emirates NBD net profit reached AED 6.2 billion—a 56% increase compared to the same quarter last year.
This growth was driven by an increase in loans and an improved deposit mix.
According to the bank’s financial results for Q1, pre-tax profits rose to AED 7.8 billion,
Deposits grew by 5%, driven by a record increase of AED 27 billion in low-cost current and savings accounts.
Loans also grew by AED 18 billion during the first quarter of 2025.
With more than half of this increase coming from the bank’s expanding international network.
Are Emirates NBD and Emirates Islamic the Same ?
Emirates NBD and Emirates Islamic are both listed on Dubai Financial Market (DFM).
However, Emirates Islamic’s shares are not currently being traded, as its parent company.
Emirates NBD, is in the process of acquiring 100% ownership of the bank and delisting it from the DFM.
