The National Bank of Umm Al-Qaiwain has reported a net profit after tax of AED 152 million for the first quarter ending March 31, 2026. This reflects a resilient performance supported by strong fundamentals, disciplined cost management, and a balanced approach to sustain long-term growth.
Efforts to diversify the balance sheet and income sources, along with cost enhancement measures, contributed positively to the National Bank of Umm Al-Qaiwain’s performance during the initial three months of 2026.
The total interest income experienced robust growth of 11%, reaching AED 246 million, while net interest income rose by 4% to AED 153 million, reinforcing the stability of core revenues.
As of March 31, 2026, total assets stood at AED 23.2 billion, marking a 1% increase from December 31, 2025, and a substantial 24% growth compared to March 31, 2025. Net loans and advances reached AED 8.3 billion, up by 2% year-on-year, while customer deposits surged 34% compared to March 31, 2025, amounting to AED 16.3 billion during the same period. Total shareholders’ equity rose to AED 6.3 billion, reflecting a 6% increase from March 31, 2025.
The capital adequacy ratio was recorded at 31% as of March 31, 2026, remaining above the minimum threshold set by the Central Bank of the UAE as per Basel III requirements.
The non-performing loans ratio stood at 0.43% as of March 31, 2026, compared to 0.31% at the end of December 2025, and 3.74% as of March 31, 2025.
Adnan Al Awadi, CEO of the National Bank of Umm Al-Qaiwain, stated, “The results for the first quarter ended March 31, 2026, illustrate a period of stable performance while continuing to execute the bank’s strategy. The National Bank of Umm Al-Qaiwain achieved resilient financial results this quarter, bolstered by solid fundamentals, disciplined cost management, and a balanced growth approach.
Net interest income has shown steady growth driven by effective funding strategies and ongoing improvements in asset quality, despite ongoing geopolitical challenges and the decline in the benchmark interest rate.”
He added, “During the first quarter of 2026, the National Bank of Umm Al-Qaiwain maintained a strong balance sheet, supported by good liquidity levels and strong capital adequacy ratios. This strength has allowed the bank to continue supporting its clients across various key sectors while maintaining a balanced risk management approach.”
Digital Transformation
Al Awadi noted that digital transformation remained a key focus during the first quarter of 2026, as the bank “enhanced its digital banking platforms, improved customer experience through mobile service development, and continued to automate key operational processes. These initiatives have contributed to increased efficiency, enhanced customer engagement, and solidified the bank’s competitive position.”
He further mentioned that the National Bank of Umm Al-Qaiwain continued to prioritize its strategic objectives, including Emiratization, competency development, gender diversity, and sustainability initiatives. The bank has also persisted in investing in its workforce and strengthening community engagement, aligned with national goals to create long-term sustainable value.
The risk management function has played a vital role by maintaining a prudent and proactive approach amid market developments and interest rate fluctuations, with this disciplined framework supporting stability while enabling measured growth.
Concluding, Adnan Al Awadi expressed, “Looking ahead, the National Bank of Umm Al-Qaiwain maintains a cautiously optimistic outlook for the remainder of 2026. With a clear strategic direction, a resilient business model, and a strong commitment to innovation and customer service, the bank is well-positioned to build on its achievements and create sustainable value for all stakeholders.”