Showing 9 of 19
  • UAE Flag
    FIRST LOOK NOTES
    25 Jul 2025
    Emirates NBD (ENBD)
    HOLD
    AED 26.10
    AED 27.00
    +3.45%

    UAE Equity Research- Emirates NBD Bank (ENBD) - 2Q25 First Look Note

    Group net advances grew 4.7% QOQ to AED 545.1Bn in 2Q25, with major incremental lending originating from international operations. Asset quality improved with NPLs declining from 3.1% in 1Q25 to 2.8% in 2Q25, driven by recoveries and a continued buoyant property market.
  • UAE Flag
    EARNINGS CALL INSIGHT
    25 Jul 2025
    Emirates NBD (ENBD)
    HOLD
    AED 26.10
    AED 27.00
    +3.45%

    UAE Equity Research - Emirates NBD (ENBD) 2Q25 - Earnings Call Insight

    Net funded income rose 5.5% YOY to AED 8.4 Bn in 2Q25 due to growth in interest-earning assets, partially offset by lower asset yield and an increase in interest-bearing liabilities. Reported Net interest margin fell 23 bps YOY and 22 bps QOQ to 3.36% in 2Q25 due to the impact of interest rate changes in UAE and Turkey.
  • UAE Flag
    FIRST LOOK NOTES
    24 Apr 2025
    Emirates NBD (ENBD)
    BUY
    AED 20.40
    AED 25.00
    +22.55%

    UAE Equity Research - Emirates NBD Bank (ENBD) 1Q25 - First Look Note

    The Bank's balance sheet crossed the AED 1 trillion mark in 1Q25, up from AED 997 Bn in 4Q24, reflects robust asset growth and cements ENBD’s position as a leading regional banking institution.
  • UAE Flag
    EARNINGS CALL INSIGHT
    23 Apr 2025
    Emirates NBD (ENBD)
    BUY
    AED 19.90
    AED 25.00
    +25.63%

    UAE Equity Research - Emirates NBD (ENBD) 1Q25 - Earnings Call Insight

    Net funded income rose 14.1% YOY to AED 8.5 Bn in 1Q25 due to growth in interest-earning assets coupled with decline in cost of funds partially offset by lower asset yield and increase in interest bearing liabilities.
  • UAE Flag
    FIRST LOOK NOTES
    22 Apr 2025
    Emirates NBD (ENBD)
    BUY
    AED 19.80
    AED 25.00
    +26.26%

    UAE Equity Research - Emirates NBD Bank (ENBD) 1Q25 - Earnings Flash

    Emirates NBD’s Profit before tax grew substantially by 56% QoQ to AED 7.8 Bn in 1Q25, driven by strong regional expansion, increased digital adoption, an outperforming funding base and loan growth. While recorded a decline in net profit after tax by 7% YoY to AED 6.2 Bn due to the higher tax in 1Q25.
  • UAE Flag
    FIRST LOOK NOTES
    03 Feb 2025
    Emirates NBD (ENBD)
    BUY
    AED 20.60
    AED 25.00
    +21.36%

    UAE Equity Research - Emirates NBD (ENBD) 4Q24 - First Look Note

    Net interest margin fell from 3.8% in 3Q24 to 3.7% in 4Q24 due to flow through of rate cuts leading to lower asset yield partially offset by an expansion in margins at Denizbank.
  • UAE Flag
    EARNINGS CALL INSIGHT
    31 Jan 2025
    Emirates NBD (ENBD)
    BUY
    AED 20.70
    AED 25.00
    +20.77%

    UAE Equity Research - Emirates NBD (ENBD) 4Q24 - Earnings Call Insight

    Net funded income rose 9.6% YOY to AED 8.6 Bn in 4Q24 due to growth in interest-earning assets partially offset by higher cost of funds. Net interest margin fell from 3.75% in 3Q24 to 3.65% in 4Q24 due to flow through of rate cuts leading to lower asset yield partially offset by an expansion in margins at Denizbank.
  • UAE Flag
    FIRST LOOK NOTES
    24 Oct 2024
    Emirates NBD (ENBD)
    BUY
    AED 19.40
    AED 24.00
    +23.71%

    UAE Equity Research - Emirates NBD (ENBD) 3Q24 - First Look Note

    The Bank revised FY2024 loan growth guidance to low double-digit driven by the robust growth witnessed so far, positive economic outlook and announcements on infrastructure investments.
  • UAE Flag
    FIRST LOOK NOTES
    22 Jul 2024
    Emirates NBD (ENBD)
    BUY
    AED 17.50
    AED 23.00
    +31.43%

    Impairment reversal boosts bottom line

    ENBD’s NIMs improved 13 bps QOQ to 3.65% in 2Q24 attributable to asset repricing and stabilization of cost of funds in DenizBank. The Bank expects its NIMs to stay between 3.6-3.8% in 2024.

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