Costs fell by 6 per cent on a year earlier, to AED3.8 billion; total income, at AED11.54 billion, rose 9 per cent over the preceding half-year, the bank said in a statement. 

The banking group had a Common Equity Tier 1 ratio of 15.6 per cent at the end of June. 

"Emirates NBD’s profits jumped 17 per cent as the impact of lower interest rates was more than offset by firm cost management and a significant improvement in the cost of risk to pre-pandemic levels,” Shayne Nelson, chief executive, said (pictured).