Dubai: Emirates NBD, Dubai’s largest bank by assets, has announced a remarkable 23% increase in its net profit for the third quarter of 2025, reaching AED 6.4 billion (approximately $1.74 billion). This performance significantly surpassed analysts' expectations, which had projected a profit of AED 5.54 billion. The surge in profitability was primarily driven by an unprecedented demand for loans during the quarter ending September 30, 2025.
In response to the robust loan growth, the bank has revised its full-year loan growth forecast to the low 20% range, up from previous projections. Group Chief Financial Officer Patrick Sullivan attributed this upward revision to the strong demand observed in the third quarter, reflecting a positive economic environment and increased borrowing activity.
The substantial profit growth underscores Emirates NBD’s strategic initiatives and operational resilience in a competitive banking landscape. The bank's ability to capitalize on growing loan demand reflects its effective business strategies and strong market presence.