Emirates NBD Bank Makes Biggest Ever Profits in First 3 Months of 2024

Emirates NBD, which happens to be one of the biggest bodies of the finance industry in UAE, has made a record breaking earnings for the three months period starting from the first quarter to March in the year 2024.

This was incredibly higher than for the prior year, around the same time. It turned out to be profits that amounted to 6 billion dirhams in the first 3 months of 2023- the bank.

Also, it was a very significant rise if we consider the comparative indicators, it is 2 times more than 11.5 billion dirhams, which they earned in the last three months of 2023.

The bank lent a record 9 billion dirhams to individual customers like you and me for things like mortgages, car loans and personal loans. This part of their business is growing strongly.

Some customers who took loans in previous years were not able to pay them back fully due to financial difficulties.

But now with the economy stronger, many of these customers started paying back more of what they owed. This helped boost the bank’s profits.