Emirates NBD's net profit increased by 17% to reach 4.8 billion dirhams in the second half of 2021 compared to the same period in 2020, and increased by 66% compared to the second half of 2020.
According to Arabiya Net, the bank attributed these results in a statement to the stability of margins, effective cost control measures and a significant reduction in the cost of risks, which reflected the noticeable improvement in the business environment.
The bank noted that the strong results for the first half also demonstrate the group's significant financial resilience and the feasibility of its diversified business approach.
Emirates NBD said in its statement that it has supported its clients during the recovery journey from the repercussions of the global pandemic, while continuing to accelerate investment in digital transformation initiatives and its international network to support growth. futuristic.
On the other hand, individual loans recorded unprecedented quarterly results, including the issuance of a record number of credit cards, personal loan amounts and home loans.
