Dubai:Emirates NBD has announced a profit after tax of AED19.3 billion for the first nine months of 2026, marking a 2 percent increase compared to the same period last year. The profit before tax also saw a rise of 4 percent, reaching AED24.3 billion.
According to Wam, the bank achieved a record income of AED42.2 billion, which is a 15 percent increase year-on-year. The total assets of the group have expanded to AED1.38 trillion, reflecting an 18 percent growth since the beginning of the year. Gross loans have grown by 27 percent year-to-date to AED833 billion, while deposits have increased by 19 percent to AED935 billion.
The asset quality of Emirates NBD remained robust, with a cost of risk at 37 basis points. The group's capital and liquidity ratios continue to be strong, providing a solid foundation for future growth. The bank is actively investing in wealth management, digital transformation, and generative artificial intelligence (AI) to support its growth ambitions.
In addition to these financial metrics, Emirates NBD is expanding its geographical reach through strategic acquisitions, including the RBL Bank acquisition and an agreement to acquire HSBC Egypt's retail business. These moves are aimed at enhancing the group's franchise, improving customer propositions, and delivering sustainable long-term value for shareholders.
The operating profit before impairment increased by 14 percent year-on-year to AED29.0 billion. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, highlighted the bank's significant role in regional capital markets, executing over 70 debt capital markets transactions and raising more than US$60 billion across 13 countries in the year-to-date.
Shayne Nelson, Group Chief Executive Officer of Emirates NBD, emphasized the strategic importance of acquiring HSBC Egypt's retail banking business as part of the bank's regional growth strategy. This acquisition, along with the RBL Bank acquisition in June 2026, demonstrates the bank's focused expansion into markets with strong growth potential.