Emirates NBD's financial statements showed an increase in the bank's profits last year by 34%, compared to the profits of 2020.
According to the bank's results for the Dubai Financial Market, today, Wednesday, profits last year amounted to 9.3 billion dirhams, exceeding expectations that were in the orbit of 9.1 billion dirhams.
The bank's board of directors recommended a cash dividend of 50 fils per share for 2021, an increase of 25% compared to the previous year.
The bank's total assets witnessed a decrease of about 2% to reach 687 billion dirhams due to the impact of the transfer of foreign workers.
On the other hand, individual loans recorded a record performance, rising to 422 billion dirhams.
Deposits also witnessed the highest level ever for current and savings accounts balances, rising by 38 billion dirhams in 2021.
