Emirates NBD reported a record pre-tax profit of Dh27.1 billion in 2024, marking a 15% increase from the previous year, while net profit rose 7% to Dh23 billion. The bank’s performance was fueled by loan growth, digital banking expansion, and increased customer deposits, reinforcing its position as one of the UAE’s leading financial institutions.
Total income exceeded Dh44 billion, reflecting the bank’s strategic investment in digital banking and an expanded branch network, which contributed to new revenue streams. Emirates NBD reported a 10% increase in loans, with Dh88 billion in new corporate lending, as the bank optimised its regional operations. Retail lending surged 30%, supported by Priority and Private Banking segment growth. The Board of Directors proposed a 100 fils per share dividend.
Deposit volumes increased by Dh82 billion, including a Dh48 billion rise in Current and Savings Accounts (CASA), highlighting strong liquidity and customer confidence.
The bank saw significant growth in Saudi Arabia, where loan volumes increased 57% in 2024. Emirates NBD now operates 21 branches and 62 ATMs in the Kingdom, strengthening its footprint in a key regional market.
Digital banking
Digital banking continued to be a core growth driver. 98% of customers were onboarded digitally, with Emirates NBD leveraging technology to enhance efficiency and expand its market reach. The bank’s Private and Priority Banking unit offered an expanded product range to a growing affluent customer base.
