Dubai – Mubasher: The net profits of Emirates NBD leaped by 18% to AED 2.70 billion during the first quarter (Q1) of 2022, compared to AED 2.30 billion in Q1-21.
During the first three months (3M) of 2022, the total income stood at AED 6.40 billion, a 3% year-on-year (YoY) increase from AED 6.20 billion, according to a bourse disclosure on Thursday.
Moreover, the earnings per share (EPS) settled at AED 0.41 during the January-March period in 2022, up 0.07% from AED 0.34 in Q1-21.
On a quarterly basis, the bank’s total income in Q1-22 declined by 2% from AED 6.50 billion in Q4-21, while the net profits soared by 36% from AED 2 billion.
Vice Chairman and Managing Director at Emirates NBD, Hesham Abdulla Al Qassim, commented: “Emirates NBD’s profits jumped 18% YoY to AED 2.70 billion, reflecting the strengthening regional economy and the success of the Group’s diversified business model.”
In 2021, the Dubai-listed bank logged consolidated net profits worth AED 9.29 billion, an annual hike of 34% from AED 6.95 billion.
