Dubai’s Emirates NBD Q2 Profit Beats Estimate

Dubai’s biggest lender, Emirates NBD, posted second-quarter 2026 net profit of AED6.4 billion ($1.7 billion) unchanged from Q1. 

The effort beat analysts’ mean estimate of AED6.1 billion, according to LSEG data.   

For the first half of 2026, net profit edged up 3% year-on-year (YoY) to AED12.9 billion. 

Total income in H1 grew 16% to AED 27.9 billion, while impairment allowance rose to AED1.4 billion.   

Emirates NBD, majority-owned by Dubai's government, has total assets of AED1.32 trillion as of June 20, 22% higher YoY.  

Emirates NBD’s Islamic banking subsidiary, Emirates Islamic Bank, posted a net profit of AED 1.7 billion in H1 and operating profit of AED 2.2 billion. 

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com