Result of Earnings Call

Ajman Bank reported a H1 2026 net profit after tax of AED 246 million (+1% YoY) and operating income of AED 437 million (+10% YoY).
Total assets grew 27% year-on-year to AED 33.9 billion, driven by a 31% increase in net Islamic financing assets and a 32% rise in customer deposits.
Asset quality improved significantly with the Non-Performing Financing (NPF) ratio decreasing to 5.3% from 8.5% in H1 2025.
The bank closed a $300 million Additional Tier 1 (AT1) capital issuance in July 2026, which is expected to increase the adjusted Capital Adequacy Ratio (CAR) to 18.3%.