Emirates NBD, Dubai’s largest bank by assets, announced a net profit of Dh23 billion for the fiscal year 2024, marking a 7% increase from the previous year. The bank’s profit before tax rose by 15% to Dh27.1 billion, driven by significant loan growth and a stable, low-cost funding base. Total income reached Dh44.1 billion, supported by Dh88 billion in new corporate lending and a Dh48 billion increase in current and savings accounts.
At its 18th General Assembly Meeting, Emirates NBD approved a cash dividend of 100 fils per share, totalling Dh6.32 billion, to shareholders registered as of March 6, 2025.
Chairman HH Sheikh Ahmed bin Saeed Al Maktoum highlighted the bank’s role in Dubai’s economic growth, noting, “Emirates NBD is actively driving progress through strategic initiatives that prioritise innovation, financial inclusion, and sustainable growth.” He also emphasised the bank’s commitment to sustainability, including introducing sustainable finance solutions and a roadmap to reduce greenhouse gas emissions by 30% from the 2023 baseline by 2030.
