Sheikh Ammar bin Hamid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank’s Board of Directors, led a board meeting to review the financial results for the first nine months ending on September 30. The discussion also focused on strategic priorities aimed at sustaining growth and creating long-term value. Ajman Bank reported pre-tax profits of AED 414 million, reflecting a 32% increase compared to the same period last year, while post-tax profits reached AED 380 million, marking a 31% year-over-year rise.
The total operating income amounted to AED 1.2 billion, with net operating income of AED 660 million, underscoring solid performance across core business sectors and effective execution of its growth strategy.
Sheikh Ammar stated that the strong results for Ajman Bank in the first nine months of the current year demonstrate the success of its strategy and its growing role in supporting sustainable economic growth in the UAE.
A report from the bank indicated that total assets rose by 23% since the end of 2024, reaching AED 28.0 billion, driven by a 20% increase in total financing, which amounted to AED 18.5 billion. Customer deposits grew by 14% to AED 20.6 billion, and total shareholders’ equity increased by 8% since the beginning of the year to reach AED 3.4 billion, reflecting continuous balance sheet growth and stable lending momentum.
The bank maintained a strong capital and liquidity position, with a capital adequacy ratio of 16.9% and a Tier 1 capital ratio of 15.8%, despite the 20% growth in total financing.
Return on equity improved to 15.6% (an increase of 276 basis points), and return on assets reached 2.0% (an increase of 30 basis points). The operating efficiency ratio (cost-to-income) stood at 44.8%, a reduction of 541 basis points compared to the end of 2024, reflecting ongoing investments in technology and digital transformation aimed at enhancing operational efficiency.
The bank’s robust results also indicate a continued improvement in asset quality, with the ratio of non-performing loans decreasing to 7.7% (down 219 basis points from the end of 2024), and real estate exposure falling by 801 basis points, supported by effective credit risk management and a diversified financing portfolio.
Mustafa Al Khalafawi, CEO of Ajman Bank, remarked, “The results for the first nine months reflect strong operational performance and consistent execution of our strategy. The bank continues to focus on enhancing operational efficiency, improving balance sheet management, and expanding its digital ecosystem to drive sustainable growth and enhance long-term value for all stakeholders.”
The Board of Directors of Ajman Bank reiterated its commitment to fostering sustainability and innovation in alignment with Ajman Vision 2030 and the UAE’s national economic transformation goals. The bank also emphasized its pledge to provide sustainable financing of AED 4 billion by 2030 and achieve carbon neutrality by 2050, supporting its vision of creating a positive and sustainable economic and social impact.