emirates7 - Emirates NBD reported a record-breaking pre-tax profit of AED 27.1 billion in 2024, reflecting a 15% increase from the previous year, while net profit rose by 7% to reach AED 23 billion.
In a statement released on Wednesday, the bank announced that its Board of Directors has proposed a dividend of 100 fils per share.
Total income exceeded AED 44 billion in 2024, driven by the Group’s strategic investments in digital banking and branch expansion, which have created significant new revenue streams.
The bank recorded a 10% growth in loans during the year, including AED 88 billion in new corporate lending, supported by the optimization of its regional network. Retail lending also saw a strong 30% increase, fueled by the rapid expansion of its Priority and Private banking services.
Customer deposits grew by AED 82 billion in 2024, with Current and Savings Accounts (CASA) contributing AED 48 billion to this increase.
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, highlighted the bank’s exceptional performance, stating, “Emirates NBD’s pre-tax profit surged to a record AED 27.1 billion in 2024 as we strengthen our regional corporate presence and expand our Wealth Management, Priority, and Private banking divisions.”
He also noted the bank’s remarkable 57% loan growth in Saudi Arabia, driven by an expanded network of 21 branches and 62 dedicated ATMs.
Looking ahead, the Chairman projected that Dubai’s GDP will grow by 5% in 2025, supported by key sectors such as infrastructure, transport, hospitality, and logistics. He affirmed that Emirates NBD remains committed to driving economic growth in the UAE and the wider region.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, emphasized the bank’s digital transformation, revealing that 98% of customers are now onboarded digitally. He also highlighted the market-leading product offerings of its Private and Priority Banking divisions, which continue to attract an expanding affluent customer base.
In a statement released on Wednesday, the bank announced that its Board of Directors has proposed a dividend of 100 fils per share.
Total income exceeded AED 44 billion in 2024, driven by the Group’s strategic investments in digital banking and branch expansion, which have created significant new revenue streams.
The bank recorded a 10% growth in loans during the year, including AED 88 billion in new corporate lending, supported by the optimization of its regional network. Retail lending also saw a strong 30% increase, fueled by the rapid expansion of its Priority and Private banking services.
Customer deposits grew by AED 82 billion in 2024, with Current and Savings Accounts (CASA) contributing AED 48 billion to this increase.
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, highlighted the bank’s exceptional performance, stating, “Emirates NBD’s pre-tax profit surged to a record AED 27.1 billion in 2024 as we strengthen our regional corporate presence and expand our Wealth Management, Priority, and Private banking divisions.”
He also noted the bank’s remarkable 57% loan growth in Saudi Arabia, driven by an expanded network of 21 branches and 62 dedicated ATMs.
Looking ahead, the Chairman projected that Dubai’s GDP will grow by 5% in 2025, supported by key sectors such as infrastructure, transport, hospitality, and logistics. He affirmed that Emirates NBD remains committed to driving economic growth in the UAE and the wider region.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, emphasized the bank’s digital transformation, revealing that 98% of customers are now onboarded digitally. He also highlighted the market-leading product offerings of its Private and Priority Banking divisions, which continue to attract an expanding affluent customer base.