Emirates NBD Q1 Profit Jumps 27%

Emirates NBD posted Q1 2026 profit of AED6.40 bn, up 27% QoQ and 3% YoY, beating EPS estimates by 9%.
Group revenue rose 13% QoQ while net interest income fell 2% and non‑interest income surged 65%, lifting NIM to 3.35%.
Operating costs increased 14% YoY, cost‑to‑income ratio improved to 29% from 31%, and CET1 ratio slipped to 14.2% after a 50‑bp decline.
Loans grew 7% QoQ driven by Deniz Bank and corporate lending; deposits rose 6% QoQ, time deposits, pushing loan‑to‑deposit ratio to 82%.