Emirates NBD posts 16.2B profit in six months

The National Bank of Dubai United Arab Emirates achieved record-breaking financial performance in the first half of 2026, with a pre-tax profit of 16.2 billion AED, representing a 5% increase compared to the same period last year. This growth is driven by a 13% rise in net interest income and a 25% increase in non-funded income. Total income also grew by 16%, reaching 27.9 billion AED, while operating profits before impairment provisions amounted to 19.5 billion AED, up by 17%. The bank's balance sheet continued to expand, surpassing 1.3 trillion AED, with loans increasing by 17% to 771 billion AED, and deposits rising by 13% to 892 billion AED. The bank maintained strong asset quality, with non-performing loans at 2.1%, supported by high coverage of low-quality loans. Its acquisition of RBL Bank contributed assets valued at 74 billion AED and loans totaling 44 billion AED, further strengthening its regional growth strategy. Net profit reached 12.9 billion AED, a 3% increase, supported by a 6% growth in new retail loans and a 14% increase in corporate loans. The bank continues to meet its sustainability goals and expand its digital services, amid expectations of sustained local demand despite ongoing geopolitical tensions.

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