Emirates NBD records higher profits to owners at AED 13bn in 2022; dividends unveiled

Emirates NBD records higher profits to owners at AED 13bn in 2022; dividends unveiled

Dubai – Mubasher: The net profits attributable to the shareholders of Emirates NBD totalled AED 13 billion in 2022, a surge of 40% from AED 9.29 billion in 2021.

The earnings per share (EPS) increased to AED 1.98 during January-December 2022, compared to AED 1.38 in the same period a year ago.

Customer deposits jumped by 10% year-on-year (YoY) to AED 502.95 billion in 2022 from AED 456.48 billion, according to the financial results.

Emirates NBD also witnessed a growth of 36% in total operating income to AED 32.50 billion in 2022 from AED 23.82 billion in 2021.

The UAE lender’s total assets increased by 8% YoY to AED 741.96 billion in 2022, compared with AED 687.43 billion.

Chairman of Emirates NBD, Sheikh Ahmed bin Saeed Al Maktoum, commented: “Emirates NBD played a lead role in delivering over AED 31 billion of [initial public offerings] IPOs in 2022, growing the Dubai economy and developing the equity capital markets.”

Vice Chairman and Managing Director, Hesham Abdulla Al Qassim, noted: “The group expanded its international economic links with further branches opened in the Kingdom of Saudi Arabia, India, and Egypt.”

In December 2022, Emirates NBD launched the first non-Saudi bank branch in Makkah, as part of a planned expansion