Emirates NBD recorded AED 6.2 bn in net income for 1Q 2025, down 7.4% y-o-y from AED 6.7 bn for the same period last year, according to its financials (pdf). This quarter’s figures are significantly ahead of analysts expectations of AED 5.1 bn, Reuters reports, citing London Stock Exchange Group data.

The bank’s total operating income rose 11.4% y-o-y to AED 11.9 bn, while total assets crossed the AED 1 tn mark for the first time.

Driving growth: The bank attributed its strong 1Q performance to a robust regional economy, loan growth resulting in more income from interest, an uptick in deposits, an improved low-cost funding base, and buoyant transaction volumes, the bank said in a separate earnings release (pdf). Regional expansion, with over half of loans sourced internationally, and investment in its digital offerings also helped offset the effect of lower interest rates.

EMIRATES ISLAMIC BANK-

Its Islamic arm reached for AED 1 bn in profits: Meanwhile, Emirates NBD’s Islamic Banking arm, Emirates Islamic Bank, saw record profits of AED 1 bn in 1Q 2025, a 24.4% y-o-y increase, according to its financials (pdf). A first for the bank, it was helped over the threshold by increased income from investment products, financing receivables, and commission. Total operating income for the period rose by 7.7% y-o-y to AED 1.4 bn.

REMEMBER- Emirates NBD is planning to acquire 100% of Emirates Islamic, with plans to delist it from the DFM. The bank has already acquired an additional 0.078% stake in Emirates Islamic Bank, taking the total size of its stake to 99.971%.

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