Dubai’s Emirates NBD Reports 23% Profit Growth in Q3
Dubai’s Emirates NBD, the largest bank in the UAE by assets, has announced a 23% increase in its net profit for the third quarter of 2025, reaching AED 6.4 billion (approximately $1.74 billion). This performance surpassed analysts’ expectations and was primarily driven by strong loan growth.
Record Loan Growth
The bank’s lending portfolio expanded by AED 99 billion, marking a 19% increase year-to-date, totaling AED 628 billion by September 30. This surge in loan demand reflects robust economic activity and increased borrowing across various sectors. Deposits also saw a significant rise, growing by AED 94 billion (14%), with a notable increase in low-cost current and savings account balances. Total assets reached AED 1.14 trillion during this period.
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Strategic Expansion into India
In addition to its strong financial performance, Emirates NBD is expanding its international footprint. The bank announced a $3 billion investment to acquire a 60% stake in India’s RBL Bank. Marking the largest foreign direct investment in India’s financial services sector. This acquisition underscores Emirates NBD’s confidence in the Indian market and aligns with its strategy to diversify and strengthen its regional presence.
Outlook for the Future
Emirates NBD has revised its full-year loan growth forecast to the low 20% range, reflecting continued optimism in the market. The bank’s leadership attributes this positive outlook to strong domestic and international demand.It strategic investments that enhance its growth prospects.
Overall, Dubai’s Emirates NBD’s impressive third-quarter results highlight its robust financial health and strategic initiatives aimed at sustaining growth and expanding its market presence.
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