Emirates NBD Bank (EMIRATESNBD) Q3 2025 earnings summary

Executive summary

• Profit before tax for the first nine months rose 6% year on year to AED 23.4 billion, with net profit nearly flat at AED 18,955 million.

• Income rose 12% year over year to AED 36.7 billion, driven by record loan growth and a strong deposit mix.

• Gross loans surged AED 99 billion year to date (up 19%), and deposits increased by AED 94 billion, with AED 56 billion from low-cost CASA.

• Announced agreement to acquire a 60% stake in RBL Bank, India, for approximately $3 billion (AED 11.2 billion), expected to close by Q2 2026, and completed full ownership of Emirates Islamic Bank.

• Digital platforms, ESG leadership, and expansion into India and full EIB ownership continue to drive growth and recognition.

Financial highlights

• Total income reached AED 36.7 billion, up 12% year on year; net interest income up 8% to AED 25.8 billion and non-funded income up 20% to AED 10.9 billion.

• Net profit for the nine months was AED 18,955 million, nearly flat year on year; profit before tax grew 6% to AED 23.4 billion.

• Total assets increased to AED 1,139,083 million as of 30 September 2025.

• Customer deposits grew to AED 760,351 million, with CASA deposits up AED 56 billion.

• Operating profit increased 10% year on year to AED 25.5 billion.

Outlook and guidance

• Loan growth guidance raised to low 20% for the full year, reflecting strong momentum.

• Net interest margin (NIM) guidance remains unchanged; NIM at 3.43% for 9M'25, within the 3.3–3.5% range.

• Cost-to-income ratio expected to land around 31% for the full year; actual for 9M'25 was 30.5%.

• Cost of risk guidance maintained at 20–40 basis points for the full year.

• The acquisition of RBL Bank is expected to close by Q2 2026, expanding presence in India.