Dubai – Mubasher: The net profits attributable to the shareholders of Emirates NBD totalled AED 13 billion in 2022, a surge of 40% from AED 9.29 billion in 2021.

The earnings per share (EPS) increased to AED 1.98 during January-December 2022, compared to AED 1.38 in the same period a year ago.

Customer deposits jumped by 10% year-on-year (YoY) to AED 502.95 billion in 2022 from AED 456.48 billion, according to the financial results.

Emirates NBD also witnessed a growth of 36% in total operating income to AED 32.50 billion in 2022 from AED 23.82 billion in 2021.

The UAE lender’s total assets increased by 8% YoY to AED 741.96 billion in 2022, compared with AED 687.43 billion.

Chairman of Emirates NBD, Sheikh Ahmed bin Saeed Al Maktoum, commented: “Emirates NBD played a lead role in delivering over AED 31 billion of [initial public offerings] IPOs in 2022, growing the Dubai economy and developing the equity capital markets.”

Vice Chairman and Managing Director, Hesham Abdulla Al Qassim, noted: “The group expanded its international economic links with further branches opened in the Kingdom of Saudi Arabia, India, and Egypt.”

In December 2022, Emirates NBD launched the first non-Saudi bank branch in Makkah, as part of a planned expansion that was announced in 2019 to hit 20 branches throughout Saudi Arabia.

Dividends

Al Maktoum also announced the proposal of the cash dividends for the year, saying: “In light of the group’s strong performance, we are proposing a 20% increase in the cash dividend to 60 fils per share.”

During the first nine months (9M) of 2022, the UAE lender achieved net profits to the owners worth AED 9.07 billion, compared with AED 7.28 billion in 9M-21.

The assets of the bank reached AED 720.52 billion in 9M-22, a growth from AED 687.43 billion as on 31 December 2021.