Emirates NBD PJSC (DFM:EMIRATESNBD)
د.إ 31.32 +0.42 (+1.36%) Market Cap: 197.84 Bil Enterprise Value: 17.17 Bil PE Ratio: 8.37 PB Ratio: 1.37 GF Score: 69/100

Full Year 2023 Emirates NBD Bank PJSC Earnings Call Transcript

Jan 25, 2024 / 10:00AM GMT
Release Date Price: د.إ18.4 (-0.81%)
Operator

Ladies and gentlemen, welcome to the Emirates NBD Results Call and Webcast for the Fourth Quarter of 2023. Today's call is being recorded. Please note that this call is open to analysts and investors only. Any media personnel should now disconnect. I'll now pass the call over to our host, Mr. Shayne Nelson, Group CEO of Emirates NBD.

Shayne Keith Nelson
Emirates NBD Bank PJSC - Group CEO

Thank you, Bailey, and welcome to our fourth quarter results. Emirates NBD celebrated 60th year in 2023, and it's been an outstanding year for the group. We delivered exceptional financial results that underscore our relentless commitment to excellence and the success of our strategic vision. Income grew 32% to AED 43 billion, and profit at AED 21.5 billion in 2023, increasing by an impressive 65%.

In light of the group's excellent performance, the Board of Directors have closing 100 (inaudible) dividend and to celebrate our 60th anniversary of further 20 bills, doubling the total dividend to 120 bills per share. These record results were driven by a buoyant regional

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