23 billion dirhams, Emirates NBD’s profits … and recommending the distribution of 100 fils per share

Emirates NBD set record profits before the tax amounting to 27.1 billion dirhams for the year 2024, benefiting from the expansion of its regional presence and expanding the scope of its activities in the field of wealth management. The income grew to exceed the barrier of 44 billion dirhams in the year 2024, as it achieved the group’s strategic investment in digital banking services and the branch network new channels unprecedented in revenue.

The profits of Emirates NBD after the tax reached 23 billion dirhams in 2024, an increase of 7%, while the bank’s board of directors proposed distributing profits of 100 fils per share.

Record record numbers
All business units have achieved a distinguished performance represented in setting record numbers in new loans provided to clients in the amount of 160 billion dirhams, which contributed to the increase in assets by a distinguished rate of 16%, while spending is still using credit cards in the United Arab Emirates, which constitutes a third of the market share.

Emirates NBD Capital, the first investment arm in the initial offering of public subscription in the United Arab Emirates, has registered its highest revenue ever after it passed a year that is the most crowded in terms of transactions. The Islamic Emirates achieved record profits of 2.8 billion dirhams, to establish its presence as one of the most prominent Islamic banks in the United Arab Emirates.

The most prominent financial results for the year 2024

The total income rose to 44.1 billion dirhams thanks to the strong growth of loans, along with the excellent, stable and low -cost financing mixture

The growth of loans by 10% in 2024, as the volume of new loans provided to companies reached 88 billion dirhams against the background of improving the regional network, while an increase of 30% in individuals ’loans witnessed the result of the rapid growth of the activities and offers of distinctive and private banking services.

The Chairman of the Board of Emirates NBD, His Highness Sheikh Ahmed bin Saeed Al Maktoum said: The profits of Emirates NBD before the tax increased to an unprecedented level of 27.1 billion dirhams in 2024 as a result of the group managed to improve its regional presence and expand the scope of wealth management and banking services management Distinguished and private. We are happy to achieve significant growth of 57% in loans in the Kingdom of Saudi Arabia for the year 2024, supported by our expanded branch network, which currently includes 21 branches and 62 allocated ATMs.

His Highness added: The story of the expansion of our international operations is the growth, diversity and flexibility, taking advantage of our unique offers to expand our silence in the Middle East, North Africa, Turkey and abroad. He was to point out that Dubai’s GDP is expected to grow by 5% in 2025, driven by the expansion of the main sectors, including infrastructure, transportation, hospitality and logistics services, and today Emirates NBD is highlighted to continue to advance growth in the UAE. United Arab Emirates and the region. In light of the distinguished performance of the group, we suggest distributing profits of 100 fils.