Emirates NBD tops fastest growing bank in retail deposits during Q1-2025

Emirates NBD has achieved remarkable growth in its portfolio of individual deposits, which is evident in its increase by about 20.6% during the first quarter of this year, reaching 55.58 billion pounds by the end of March 2025, compared to 46.1 billion pounds by the end of 2024, which represents an increase of 9.48 billion pounds.

This strong performance prompted Emirates NBD-Egypt to top the «First Bank» list of banks with the fastest growth in retail deposits during the first quarter of 2025.

In general, Emirates NBD – Egypt «Emirates NBD – Egypt» achieved strong performance during the current year, achieving net profits of 1.4 billion pounds during the first quarter of 2025, compared to 1.1 billion pounds during the same period in 2024, an increase of 31%.

The bank's profit before income taxes increased to 2.1 billion pounds during the first quarter of 2025, compared to 1.7 billion pounds during the same period in 2024, representing a growth of 20%.

The bank also recorded a significant increase in income growth, as net income from interest reached 3 billion pounds during the first quarter of 2025, compared to 2.6 billion pounds during the same period in 2024, with an increase rate of 16%.

Net income from fees and commissions amounted to 463 million pounds during the first three months of this year, an increase of 20% over the same period in 2024.

In addition, total shareholders' equity recorded 18.3 billion pounds at the end of the first quarter of 2025, compared to 17.4 billion pounds at the end of last year.

The bank's total assets jumped to 173.8 billion pounds by the end of March 2025, representing a 9% growth compared to 2024.

The bank’s customer deposit portfolio increased by about 5.15% during the first quarter of this year, reaching 134.78 billion pounds by the end of March 2025, compared to 128.184 billion pounds by the end of 2024, a total increase of 6.596 billion pounds.

The total portfolio of loans and facilities for customers jumped by about 4.65% during the first quarter of this year, reaching 88 billion pounds by the end of March 2025, compared to 84.061 billion pounds by the end of 2024, representing an increase of 3.905 billion pounds.

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