According to Amac News: The bank’s profit after tax also reached AED23 billion, representing a 7 percent increase over the previous year, according to the bank’s announcement made on Wednesday, January 29.
The bank’s revenue also increased to more than AED44 billion in 2024. This was driven by the group’s strategic investment in digital banking and branch network, which is said to have created significant new revenue streams.
The bank reported 10% growth in loans in 2024, recording AED88 billion in new corporate loans, regional network optimization and a 30% increase in retail loans as the Priority and Private Banking brand grew rapidly.
The mix of deposits grew by AED82 billion in 2024, including a AED48 billion increase in Current and Savings Accounts (CASA).
Saeed bin Ahmed Al Maktoum, Chairman of Emirates NBD, said: “Emirates NBD’s pre-tax profit reached a record AED27.1 billion in 2024, as the group optimizes its regional corporate presence and expands its Wealth Management, Priority and Private Banking brands.”
He also forecast that Dubai’s GDP will grow by 5% in 2025, driven by expansion in key sectors including infrastructure, transportation, hospitality and logistics.
In this regard, Hisham Abdullah Al Qassim, Vice President and Managing Director of Emirates NBD, also said that 98 percent of customers are now digitally registered.