Mashreq Bank reported a net profit before tax of AED 2.3 billion for Q1 2026, with operating income growing to AED 3.4 billion, supported by 20% year-on-year growth in non-interest income.
Total assets reached AED 344 billion, a 26% year-on-year increase, driven by a 33% expansion in customer loans to AED 168 billion and customer deposits reaching AED 210 billion.
The bank maintained strong asset quality with an industry-leading non-performing loan (NPL) ratio of 0.9% and a coverage ratio of 275%.
Capital and liquidity positions were bolstered by a USD 500 million Additional Tier 1 (AT1) issuance, raising the Capital Adequacy Ratio to 15.8% and the Tier 1 Capital Ratio to 14.5%.