UAE Equity Research - Emirates NBD (ENBD) 1Q26 - Earnings Call Insight
ENBD’s net profit attributable to equity shareholders increased 3.0% YOY to AED 6.4 Bn in 1Q26, in line with our estimate of AED 6.3 Bn. The increase in net profit was mainly driven by higher net funded and non-funded income, partially offset by increase in operating expenses, impairment charges, tax and hyperinflation charges.