Dubai's Emirates NBD beats profit estimates on higher interest income, loan growth
ReutersApr 22, 2025 4:01 AM
DUBAI, April 22 (Reuters) - Emirates NBD ENBD.DU, Dubai's biggest bank by assets, beat estimates for first-quarter profit on Tuesday, helped by strong growth in loans and interest income.
The lender's net profit came in at 6.2 billion dirhams ($1.69 billion) for the three months ended March 31, compared with 6.7 billion dirhams in the year-ago quarter.
Analysts on average had expected a profit of around 5.1 billion dirhams, according to estimates compiled by LSEG.
($1 = 3.6724 UAE dirham)
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