Emirates NBD in 2026: record half-year, bigger balance sheet, RBL Bank deal closed
Editorial
Profit rose only 3% in the first half of 2026 while income grew 16%: the bank grew its balance sheet fast and spent more to do it.
AED 16.2bnProfit before tax, H1 2026 ($4.41bn)+5%
AED 12.9bnProfit after tax, H1 2026+3%
AED 27.9bnTotal income, H1 2026+16%
AED 771bnGross loans, 30 Jun 2026+17%
AED 892bnCustomer deposits+13%
Source: Emirates NBD H1 2026 results via Gulf News. Cost-to-income ratio: 29.9%.
The nine months
AED 24.3bnProfit before tax, nine months 2026+4%
AED 6.4bnQ3 2026 profit (MENAFN summary)
AED 1.3trnBalance sheet at mid-2026, above
The RBL Bank purchase
| Item | Figure |
|---|---|
| Stake | 60% of the enlarged share capital of RBL Bank |
| Agreed (October 2025) | Up to Rs 26,850 crore, about $3 billion |
| Completed (18 June 2026) | Primary investment of about $2.75 billion |
| Added to the group | AED 74bn of assets, AED 44bn of gross loans, AED 43bn of deposits |
| Board seats | Five Emirates NBD nominees, including Group CEO Shayne Nelson, from 18 June 2026 |
| Indian branches | RBI approved merging the three branches into RBL Bank from 1 December 2026 (Wikipedia) |