The Gulf-based banking group, which offers wealth management services, reported income and profit growth in its latest results statement.

Emirates NBD's retail banking and wealth management division pushed its operating income up 1 per cent year-on-year to AED 4.265 billion ($1.161 billion) over the first nine months of 2015.

This was helped by a 14 per cent jump in fee income, which the Dubai-listed group said was driven by strong growth in foreign exchange and credit cards business. It added that sourcing of mass affluent customers continued to rise month-on-month aided by its new “Beyond from Personal Banking” package.

Emirates NBD's private banking arm saw an increases in revenue across different product lines and various geographies. 

The group as a whole, which also includes wholesale banking, Islamic banking, global markets and treasury divisions, posted a 27 per cent rise in net profit to AED 5 billion during the nine-month period.  

“I am very pleased that Emirates NBD continues to deliver improved profitability whilst the strength of the brand and balance sheet has allowed the bank to deal with increased regional challenges,” said Hesham Abdulla Al Qassim, vice chairman of Emirates NBD.

“The group is well-positioned to continue to utilise our strong franchise and balance sheet to deal with challenges and take advantage of opportunities within the region.”