National Bank of Umm Al Qaiwain Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
National Bank of Umm Al Qaiwain Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·April 17, 2026·View on exchange
AI Summary
National Bank of Umm Al Qaiwain (NBQ) reported a profit after tax of AED 152 million for the first quarter ended March 31, 2026, an 18% decrease from AED 186 million in Q1 2025.
Net interest income grew by 4% to AED 153 million, while operating expenses increased 13% to AED 52 million driven by investments in talent development and infrastructure.
Total assets reached AED 23.2 billion, supported by a 4% increase in customer deposits to AED 16.3 billion compared to December 2025.
The bank maintained a Capital Adequacy Ratio of 31% and a non-performing loan (NPL) ratio of 0.43%, with an impairment coverage ratio of 257%.