Press releases, Reports & Disclosures for Emirates NBD PJSC

Emirates NBD Bank PJSC has announced the extension of the nomination period for its Board of Directors to December 10, 2024. Shareholders who meet the eligibility criteria can apply for board membership via email, specifying their desired role as Non-Executive or Independent Director. Nine board members are to be elected, and nominations are open for ten days following the announcement, per governance guidelines. Applicants must adhere to specific corporate governance and regulatory standards, and nominations cannot be transferred to others. All applications are subject to evaluation and Central Bank approval. The bank will disclose nominee details on its website two days before the Annual General Assembly Meeting. Required documents, including identification, must be submitted with the application, or it will be considered void.

Emirates NBD Bank (P.J.S.C.) has released its group condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024.

On 11 October 2024, Emirates NBD Bank announced that an Earnings Call Meeting is scheduled for 17 October 2024 at 2:00 PM. The meeting will discuss the financial results for the third quarter ending 30 September 2024. Further details can be found on the Emirates NBD website. The announcement was addressed to Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was also copied to the Securities & Commodities Authority. The letter was sent by Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary of Emirates NBD Bank.

The Board of Directors of Emirates NBD Bank (P.J.S.C) is scheduled to meet on Wednesday, 16 October 2024, at 3:30 PM. The agenda includes approving the minutes of the previous board meeting, reviewing the financial results for the three-month period ending 30 September 2024, and discussing any other business. The letter is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and is sent with a copy to the Securities & Commodities Authority. The letter is signed by Dr. Ahmed Saeed Alkhalfawi, the Group Company Secretary of Emirates NBD Bank.

Emirates NBD reported a record profit of AED 13.8 billion in the first half of 2024, a 12% increase year-on-year, driven by strong lending growth and substantial impaired loan recoveries. The bank's lending grew by 6%, surpassing AED 500 billion for the first time. All business units performed exceptionally well, with significant achievements in retail lending, UAE credit card market share, and a 41% year-on-year increase in Assets Under Management. Corporate lending originated AED 48 billion in new loans, contributing to the bank's robust capital ratios and solid balance sheet. Key highlights include a total income of AED 21.4 billion, a 3.65% net interest margin, and record profits from Emirates Islamic. Earnings per share rose by 13% to 214 fils.