Press release regarding financial results for the Q1 of 2026

Mashreq Bank reported a Q1 2026 net profit before tax of AED 2.3 billion (+9% YoY) and operating income of AED 3.4 billion (+10% YoY), delivering a return on equity of 20%.
Total assets expanded 26% year-on-year to reach AED 344 billion, driven by 33% growth in customer loans to AED 168 billion and a 23% increase in customer deposits to AED 210 billion.
Non-interest income rose 20% year-on-year to AED 1.4 billion, now accounting for 41% of total operating income, while the cost-to-income ratio was maintained at 31%.
The bank's capital position was strengthened by a USD 500 million Additional Tier 1 (AT1) issuance in February 2026, contributing to a Capital Adequacy Ratio of 15.8% and supporting an NPL ratio of 0.9%.