Financial statements for the 2nd QTR of 2026

Emirates NBD reported a net profit of AED 12.9 billion for the first half of 2026, representing a 3% increase year-on-year, while profit before tax rose 5% to AED 16.2 billion. Total income surged 16% to AED 27.9 billion, driven by a 13% rise in net interest income and a 25% jump in non-funded income fueled by strong client flows and wealth management performance.
Total assets surpassed AED 1.3 trillion following the landmark acquisition of RBL Bank in India, which contributed AED 74 billion in assets and AED 44 billion in gross loans. Excluding the acquisition, the group maintained strong organic momentum with gross lending growing 17% year-to-date to reach AED 771 billion.
Net Interest Margin (NIM) remained resilient at 3.25%, supported by DenizBank’s high margins and robust asset growth, with management guiding for a year-end NIM between 3.1% and 3.3%. The cost-to-income ratio improved to 29.9%, staying comfortably within the guidance of ≤33% despite strategic investments in digital initiatives and AI.
Credit quality continued to improve as the non-performing loan (NPL) ratio dropped to 2.1%, significantly better than the guidance of approximately 2.5%. The cost of risk