The board of directors of Emirates NBD to recommend an increase in the 2015 dividend to 40 fils from 35 fils per share.

The company announced earnings results for the full year ended December 31, 2015. The company delivered a solid set of financial results with net profit up 39% to AED 7.1 billion. The strong operating performance was helped by income growth, a modest increase in costs and a lower impairment charge. Total income for the year grew by 5% to AED 15.2 billion. Net interest income grew 8% to AED 10.2 billion due to growth in assets and a lower cost of deposits.