Dubai – Mubasher: The net profits attributable to the equity holders of Emirates NBD jumped by around 34% to AED 9.297 billion in 2021, compared to AED 6.959 billion in 2020, according to the bank's consolidated financials for the year ended 31 December 2021.
The bank's net interest income and income from Islamic financing decreased to AED 16.92 billion in 2021 from AED 17.487 billion in the earlier year.
The bank's assets reached AED 687.436 billion in 2021, down from AED 698.087 billion in 2020.
The earnings per share (EPS) settled at AED 1.38 last year, versus AED 1 in 2020.
In the meantime, the bank's board recommended a 25% increase in the cash dividend distribution to 50 fils per share.
Commenting on the bank's performance, the Chairman of Emirates NBD, Sheikh Ahmed Bin Saeed Al Maktoum, said: "Emirates NBD’s profits grew 34% in 2021 demonstrating the resilience of the Group’s diversified business model."
Meanwhile, the bank's CEO, Shayne Nelson, remarked: "We continue to maintain a strict control on expenses and have headroom to invest in advanced analytics, enabling us to leverage further from our Digital transformation."
It is noteworthy to mention that during the first nine months (9M) of 2021, the bank's consolidated interim financials reported AED 7.285 billion net profits attributable to the equity holders, up 29% from AED 5.64 billion in the year-ago period.
