United Arab Bank has reported a net profit of AED 208 million for the first half of 2025, marking an increase from AED 139 million during the same period last year, representing a growth of 50% year-on-year.
Total income rose by 24% year-on-year, reaching AED 374 million in the first half of 2025, compared to AED 300 million in the first half of 2024. This growth was driven by a 13% increase in net interest income and a 70% jump in non-interest income compared to the previous year.
Earnings per share climbed to AED 0.10 in the first half of 2025, in contrast to AED 0.07 for the same period last year.
Total assets amounted to AED 23.9 billion for the first half of 2025, showing an 11% increase compared to December 2024. This growth is attributed to a 16% rise in loans, advances, and Islamic financing, as well as a 10% increase in investments.
Asset quality indicators continued to improve, with the total non-performing loans ratio dropping below 3% to 2.2%, while the coverage ratio for provisions rose to 148%.
The bank’s capital remains robust, with a CET1 ratio of 11% and a total capital adequacy ratio of 16.3%.
Liquidity metrics at United Arab Bank demonstrate strong performance, highlighted by a loans-to-stable funding ratio of 80% and a qualifying liquid assets ratio of 17%, both significantly above regulatory thresholds.
Sheikh Mohammed bin Faisal bin Sultan Al Qasimi, Chairman of United Arab Bank, stated, “The exceptional financial performance of the bank in the first half of 2025 reflects the effectiveness of our strategic vision and the strength of our governance framework. Looking ahead, we reaffirm our commitment to supporting the economic agenda of the United Arab Emirates and delivering sustainable value to our shareholders. We will continue to advance with discipline and flexibility, focusing on innovation, digital transformation, and operational excellence.”
Suresh Bhatia, CEO of United Arab Bank, commented, “The results for the first half showcase strong operational performance, supported by the success of our transformation strategy. The significant growth in profitability and total assets underlines the efficiency of our strategic approach and our unwavering commitment to providing value to our customers while enhancing efficiency and managing risks wisely.”
He added, “As we move forward, we will continue to enhance our digital capabilities, develop innovative products, and strengthen our regulatory environment, with a constant focus on putting the customer at the heart of all our operations.”
Recently, United Arab Bank has initiated a capital increase of AED 1.03 billion through a rights issue offered to existing shareholders. This move is set to bolster the bank’s capital base, increasing the issued capital to AED 3.09 billion, subject to the completion of allocation processes and regulatory compliance. This initiative aims to strengthen the bank’s capital adequacy, enhance its ability to tackle potential economic or financial challenges, and support future asset growth in line with its strategic and financial objectives.