Dubai – Mubasher: Emirates NBD generated AED 23 billion in net profit after tax in 2024, higher by 7% year-on-year (YoY) than AED 21.52 billion.
Total income stood at AED 44.13 billion last year, up 3% from AED 43.02 billion as of 31 December 2023, according to the consolidated financial statements.
Earnings per share (EPS) grew to AED 3.56 in 2024 from AED 3.32 a year earlier.
At the end of December 2024, the total assets hiked by 16% YoY to AED 996.58 billion from AED 862.77 billion, while the customer deposits rose by 14% YoY to AED 666.77 billion from AED 584.56 billion.
Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, commented: “We are delighted with our incredible 57% loan growth in Saudi Arabia in 2024, driven by our expanded network of 21 branches and 62 dedicated ATMs.”
“In light of the group’s excellent performance, we are proposing a 100 fils dividend,” Al Maktoum revealed.
Shayne Nelson, Group CEO of Emirates NBD, said: “Our enhanced Digital Wealth platform propelled Assets Under Management [AUM] beyond $44 billion, with digital wealth transactions up ninefold in 2024.”
As of 30 September 2024, the lender’s net profits increased by 9% YoY to AED 19.01 billion from AED 17.49 billion.
