United Arab Bank Financial Results Press Release for the Period Ended March 31,2026 | premargin
United Arab Bank Financial Results Press Release for the Period Ended March 31,2026
·ADX·Financial Reports | Financial Press Release·April 22, 2026·View on exchange
AI Summary
United Arab Bank reported a net profit of AED 75 million for the first quarter ended March 31, 2026, with total operating income growing 16% year-on-year to AED 193 million.
Total assets increased by 15% year-on-year to AED 26.9 billion, driven by a 21% growth in loans, advances, and Islamic financing to AED 15.1 billion and a 22% increase in investments to AED 8.3 billion.
Asset quality remained stable with a non-performing loan (NPL) ratio of 2.6% and a provision coverage of 110%, while the capital adequacy ratio was recorded at 20.4%.
The bank’s credit ratings were affirmed during the quarter at ‘BBB+’ by Fitch and ‘Baa2’ by Moody’s, both maintaining a 'Stable' outlook.