In the first half of 2025, Emirates NBD reported a Dhs12.5 billion profit, down from Dhs13.8 billion in the same period in 2024. The profit before taxes was Dhs15.4 billion, down from Dhs15.9 billion the previous year.
Thanks to robust loan growth, geographical development, and creative product offerings, total income increased by 12% to Dhs23.9 billion. Due to extremely high demand in the UAE and throughout its expanding global network, lending rose by Dhs41 billion, or 8%, in the first half of 2025.
According to a statement from ENBD, which the government of Dubai primarily owns, recoveries in the first half of 2025 were 2 billion dirhams lower than “very strong recoveries” in the previous year.
In recent years, UAE banks have benefited from government-driven investment in non-oil industries, increasing lending demand, and consistent economic development. A business-friendly atmosphere in Dubai, the financial and tourism center of the Gulf, has drawn several corporations and wealthy customers, which has led to an increase in real estate values. As new construction enters the market, ratings firm Fitch predicted in May that real estate prices will correct in the second half and in 2026.
As of the end of June, ENBD’s total assets stood at 1.09 trillion dirhams, representing a 17% increase from the previous year. The company’s net interest income and non-funded revenue also increased by double digits.
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