The UAE-based group did not appear to give a specific numeric figure for its private banking performance. 

Across the entire Emirates NBD group, net profit rose 34 per cent over the year to AED9.3 billion . The group said that because of its “strong performance,” its board of directors proposed a 25 per cent rise in the cash dividend to 50 fils per share.

Costs in 2021 rose 2 per cent to AED8 billion; provisions for credit losses fell in 2021 as the pandemic risks eased, falling 26 per cent to AED5.9 billion. The bank had a 15.1 per cent Common Equity Tier-1 ratio, a standard international measure of a bank’s capital buffer.