Dubai – Mubasher: The net profits of Emirates NBD climbed by 9% to AED 19.01 billion in the first nine months (9M) of 2024 from AED 17.49 billion, according to the unaudited financial results.
Emirates NBD registered total operating income valued at AED 32.87 billion as of 30 September 2024, compared to AED 32.71 billion in 9M-23.
Earnings per share (EPS) increased to AED 2.95 in 9M-24 from AED 2.71 in the year-ago period.
The total assets enlarged to AED 956.04 billion at the end of September 2024 from AED 862.77 billion as of 31 December 2023, while the customer deposits grew to AED 644.81 billion from AED 584.56 billion.
Income Results for Q3-24
In the third quarter (Q3) of 2024, Emirates NBD generated a 92% YoY leap in net profit to AED 5.239 billion, compared to AED 5.234 billion.
The total operating income grew to AED 11.50 billion in Q3-24 from AED 11.43 billion in Q3-23, while the EPS maintained its value at AED 0.81.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, commented: “We are delighted with our expansion into the Kingdom of Saudi Arabia, as the 19 branches and 59 dedicated ATMs drove an impressive 49% loan growth in the first nine months of 2024.”
“Emirates Islamic delivered a record profit of AED 2.50 billion with very strong Customer Financing growth of 24% already in 2024, having developed into an innovative powerhouse within the UAE Islamic banking market over the last 20 years,” Al Qassim mentioned.
In the first half (H1) of 2024, the lender posted 12% year-on-year (YoY) higher net profits at AED 13.80 billion.
