Emirates NBD Reports 18% Jump Quarterly Net Profits
Dubai banking major Emirates NBD, reported net profits of AED 2.7bn ($735mn), an 18% jump YoY and its highest quarterly figure since 2019. Total income stood at AED 6.4bn ($1.7bn), up 3% YoY with international operations contributing 37% of it – this was thanks...
Emirates NBD Reports 34% Jump in 2021 Profits
Emirates NBD reported a 34% YoY rise in its 2021 profits to AED 9.3bn ($2.5bn). The bank’s total income grew 3% to AED 23.8bn ($6.5bn) with international operations contributing 38% of it in 2021. Provisions for the year fell 26% to AED 5.9bn ($1.6bn), helping...
Emirates NBD’s Q3 Profits Up a Strong 61% on Lower Provisions
UAE’s largest lender Emirates NBD reported a solid 61% and 29% growth in net profits to AED 2.5bn and AED 7.3bn for Q3 and 9M2021 respectively. The strong earnings were boosted by lower provisions, down 49% and 42% to AED 1.1bn and AED 3.7bn respectively. Cost...
