Emirates NBD Reports AED 42.2 Billion Income in first 9-Months of 2026; Up 15% YOY

Emirates NBD delivered record income of AED 42.2 billion in the first nine months of 2026, up 15% year-on-year. Strong customer activity and broad-based growth across our core markets continued to drive balance sheet growth, with Group’s total assets reaching AED 1.38 trillion, up 18% year-to-date. Gross loans surged to AED 833 billion, up by 27% year-to-date and deposits remained a core strength, growing by 19% year-to-date to AED 935 billion. Asset quality remained healthy, with a cost of risk of 37 basis points. Capital and liquidity ratios remain very solid, continuing to provide a strong foundation to support future growth.  

The Group continues to invest in the platforms that will drive its next phase of growth, particularly in wealth management, digital and Gen AI. It is also expanding its geographic footprint through the
 RBL Bank acquisition and the agreement to acquire HSBC Egypt’s retail business. These strategic investments strengthen the Group’s franchise, enhance its customer proposition and support its ability to deliver sustainable long-term value for shareholders.

Key highlights – 9M  2026 

• Income 15% higher yoy reflecting strong growth momentum in both interest income & non-funded income 
• Operating profit before impairment up 14% yoyto AED 29.0 billion, reflecting strong income growth and disciplined cost management
  • Profit before tax up 4% yoy to AED 24.3 billion, despite higher impairment and hyperinflation charges
  • Balance sheet continued its growth momentum, standing at AED 1.38 trillion, up 18% ytd and 21% yoy
  • Loan growth up 27% ytd to AED 833 billion driven by robust growth across most sectors and geographies, with Emirates NBD loan growth excluding RBL Bank rising 18% ytd
  • 17% Retail and 22% Corporate loan growth in 9M -26, with impressive AED 174 billion of new lending 
  • Deposits grew by 19% to AED 935 billion fueled by a growing customer base, with Emirates NBD’s deposit growth excluding RBL Bank up 12% ytd
  • Impairment allowance of AED 2.1 billion, primarily driven by provisioning in DenizBank partially offset by continued recoveries in Emirates NBD
  • Impaired loan ratio improved to 2.0%, reflecting robust portfolio quality and continued recoveries
  • Liquidity coverage ratio improved by 12pp qoq, highlighting the strength of our liquidity position
  • Emirates NBD’s investment in customer-focused services and innovative products is accelerating business growth
  • Emirates NBD launched Rewards Hub on ENBD X, a one stop destination for customer rewards and benefits
  • # 1 Credit Card issuer across MEA with 35% credit card spend market share in UAE 
  • Emirates NBD one of region’s top banks for Customer Experience with Net Promoter Score of 59  
  • ‘SHARE’ Visa credit card, cobranded with Majid Al Futtaim Group, became the region’s fastest-growing Visa card, reaching 100,000 primary cards in its first year
  • Emirates NBD ESG achieved 100% of USD 30 billion sustainable finance and facilitation target for 2030 almost 4 years ahead of deadline
  • Emirates NBD Capital lead debt capital markets executing more than 70 deals in 2026 ytd, raising over USD 60 billion across 13 countries
  • New Structured Credit, Commodity and Investment products introduced, driving a substantial increase in income from both local and international clients
  • AUM* in the UAE grew 15% since February 2026, reflecting ongoing success of the Group’s wealth management strategy and the resilience of the UAE economy 
  • Emirates NBD is shaping its future as a data-first, digital-led and environmentally responsible regional powerhouse
  • ENBD X app now offers 237 services, up from 150 services at launch in 2023 enabling best in class digital-led banking experiences
  • Ranked #1 in inaugural Evident AI Index for Banks - Middle East and Africa
  • Region’s first real-time blockchain-based cross-border USD payments launched on Partior network
  • UAE’s first bank-led AI Travel Assistant launched in collaboration with Visa and Tripadvisor
  • Emirates NBD to accelerate FinTech and AI innovation partnered with Dubai Future District Fund
  • UAE’s first dedicated Transition Finance Framework launched, supporting Emirates NBD’s USD 30 billion sustainable and transition finance target by 2030
  • Emirates NBD launched Carbon Calculator linking financial wellbeing and environmental action
  • First bank in the UAE to publish Transition Finance Framework aligned with ICMA and LMA
  • Best ESG rating profile across Sustainalytics, S&P and MSCI 

Outlook 

In the UAE, the economy continues to expand, underpinned by firm domestic demand, continued population growth and strong credit expansion, despite ongoing regional tensions. Activity in sectors like tourism, trade and logistics remain moderated, with oil production expected to rise modestly in 2026 before accelerating in 2027. In the Kingdom of Saudi Arabia, fiscal spending continues to drive non-oil activity, while higher oil prices are partly offsetting the impact from oil production disruptions. Oil production is forecasted to grow in 2027, supporting Government revenues and fiscal strength of the Kingdom. In Egypt, inflation continues to moderate, and the exchange rate has remained relatively stable, creating scope for continued monetary easing as inflation falls further. In Türkiye, the disinflationary process continues to progress, supported by restrictive monetary policy measures and continued caps on credit growth. India continues to record robust real economic growth, despite higher food and energy prices contributing to inflationary pressures. 

Emirates NBD has a leading retail banking franchise, with 1,399 branches and 4,967 ATMs / SDMs in the UAE and overseas. It is a major player in the UAE corporate and retail banking arena, and has strong Islamic banking, investment banking, private banking, asset management, global markets & treasury, and brokerage operations. The bank has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Bahrain, Russia and representative offices in China and Indonesia. For more information, please visit: www.emiratesnbd.com