Emirates NBD said income for its consumer and wealth management arm rose by 18 per cent in 2011 from a year before to AED3.91 billion ($1.06 billion), driven a 22 per cent rise in net interest income and rising fee income.

The parent group logged a net profit for 2011 of AED2.5 billion, up by 6 per cent compared with the prior year; earnings per share for the year rose by 9 per cent to AED0.41, the firm said in a statement today.

The bank had a capital adequacy ratio at the end of the year of more than 20 per cent.

The bank boasted a cost/income ratio of 35 per cent at the end of 2011.