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.

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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.

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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.

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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.

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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.

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

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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.

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