2021 has been the year of returning back to normality. The UAE economy enjoyed a strong finish to 2021, with Expo 2020 Dubai and increased tourism boosting domestic demand. Expo 2020 Dubai is proving to be a great success for the nation and, as a Premier Partner and the Official Banking Partner, we are using the event stage to showcase our pioneering vision for the future of global banking.
2019 was a strong year for Emirates NBD achieving a record net profit of AED 14.5 billion and total assets in excess of AED 683 billion. We are also delighted to welcome DenizBank into the Emirates NBD family, increasing the Bank’s presence to 13 countries, servicing over 14 million customers in the MENAT region.
Emirates NBD delivered an excellent performance in 2018, achieving a record annual net profit of AED 10 billion. The Bank achieved another milestone as total assets surpassed AED 500 billion for the first time. The Bank’s balance sheet remains healthy with a further strengthening in capital due to retained earnings, stable credit quality and liquidity. These results have enabled the Board of Directors to recommend a 2018 dividend of 40 fils per share.
Emirates NBD delivered a record set of results in 2017 as net profit increased by 15% to reach a new high of AED 8.35 billion. The operating performance was supported by higher income, lower expenses and an improved cost of risk. The Bank's commitment to digital innovation, including an AED 1 billion investment to accelerate its digital transformation, will further enhance the banking experience for its retail and wholesale customers, and reinforce Emirates NBD's reputation as the most innovative bank in the region.
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