Dubai's largest lender Emirates NBD posts 9% drop in half-year profit
The bank posted a net profit of 12.5 billion dirhams ($3.40 billion) in the six months to June 30, down from 13.8 billion over the same period in 2024. ENBD, which is majority-owned by Dubai's government, said recoveries in the first half of 2025 were down by 2 billion dirhams, which compared with "very strong recoveries" last year, the bank said in a statement.
($1 = 3.6721 UAE dirham) (Reporting by Luke Tyson; Editing by Tom Hogue)
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