Dubai’s Emirates NBD Q1-2024 net profit surges to record Dh6.7 billion

Dubai’s Emirates NBD Q1-2024 net profit surges to record Dh6.7 billion



Dubai: The UAE mega-bank Emirates NBD ticked off another record, with net profit surging to Dh6.7 billion for the first three months of 2024. That's from a 12 per cent spike from a year ago - and a whopping 67 per cent increase over the Q4-23 tally.

Apart from its home base, Emirates NBD continues to gain from 'regional growth, increased transaction volumes, a low-cost funding base'. Plus, the Dubai bank has reported significant recoveries on its impaired loans. 

Dubai's Emirates NBD Q1-2024 net profit surges to record Dh6.7 billion