Emirates NBD posted a record Dhs27.1 billion profit before tax in 2024, up 15% from the previous year, while profit after tax was Dhs23 billion, up 7%. According to a statement, the bank’s Board of Directors has proposed a 100 fils dividend per share.
Income increased to more than Dhs44 billion in 2024, owing to the Group’s strategic investment in digital banking and branch networks, which generated major new revenue streams.
The bank reported a 10% loan growth in 2024, with Dhs88 billion in new corporate lending resulting from regional network optimization and a 30% rise in retail lending as the Priority and Private Banking franchises expand rapidly. In 2024, the deposit mix increased by Dhs82 billion, with Current and Savings Accounts (CASA) accounting for Dhs48 billion.
Emirates NBD Chairman Sheikh Ahmed Bin Saeed Al Maktoum stated, “Emirates NBD’s profit before tax climbed to a record Dhs27.1 billion in 2024 as the Group optimises its regional corporate presence and expands its Wealth Management, Priority, and Private banking franchise.”
He continued: “We are delighted with our incredible 57 percent loan growth in the Kingdom of Saudi Arabia in 2024, driven by our expanded network of 21 branches and 62 dedicated ATMs.”
The Chairman forecasted that Dubai’s GDP will expand 5% in 2025, spurred by expansion in critical areas such as infrastructure, transport, hospitality, and logistics, and Emirates NBD is ready.
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