Prime Highlights 

• Emirates NBD posted a record AED16.2 billion profit before tax in H1 2026, up 5% year-on-year.  

• The bank’s balance sheet crossed AED1.3 trillion, boosted by the RBL Bank consolidation.  

Key Facts 

• Gross loans rose 17% to AED771 billion; deposits grew 13% to AED892 billion.  

• RBL Bank’s acquisition added AED74 billion in total assets to the group.  

Background 

Emirates NBD delivered a record financial performance in the first half of this year, posting a profit before tax of AED16.2 billion, up 5 percent year-on-year. The growth was driven by a 13 percent rise in net interest income and a 25 percent increase in non-funded income, the bank said, adding that strong customer activity and a diversified business model had supported the result. 

Total income rose 16 percent to AED27.9 billion, while operating profit before impairment climbed 17 percent to AED19.5 billion, reflecting steady income growth alongside disciplined cost management. The merger of India’s RBL Bank contributed to the bank’s balance sheet surpassing AED 1.3 trillion. 

Loans, gross, have risen 17% to AED771 billion, driven by robust growth in all major sectors and geographies, helped in part by RBL Bank’s AED44 billion. The deposit portfolio grew 13% to AED892 billion, helped by RBL Bank’s addition of AED43 billion. Our asset quality remains solid, with cost of risk at 42 basis points and impaired loans at 2.1% of the loan book. 

Our long-term regional growth plans have reached a significant milestone with the acquisition of RBL Bank for AED 74 billion in new assets. The bank also reopened Gulf debt capital markets with a landmark US dollar AT1 capital issuance during the period. 

Group chief executive Shayne Nelson said the bank maintained strong liquidity and capital positions, with assets under management reaching $105 billion, reflecting continued confidence from global wealth clients.