Ammar bin Hamid Al -Nuaimi chairs the meeting of the Board of Directors of Ajman Bank
The bank achieves 145 million dirhams of UAE profits before the tax for the first quarter of 2025 and grows 24%
Ajman, April 18 / WAM / His Highness Sheikh Ammar bin Humaid Al -Nuaimi, Crown Prince of Ajman, Chairman of the Board of Ajman Bank, was chaired by the bank’s board of directors, in the presence of Sheikh Rashid bin Humaid Al -Nuaimi, Chairman of the Municipality and Planning Department in Ajman, Vice -Chairman of the Bank’s Board of Directors.
During the meeting held in the Emiri Diwan, in the presence of the members of the bank’s board of directors, the council discussed several financial and administrative issues, reviewed commercial activities and issued its decisions regarding them.
The Board of Directors announced that the Ajman Bank achieved a “before the tax” profit of 145 million dirhams for the first quarter of 2025, an increase of 24%.
The bank’s net operating income reached 199 million dirhams for the first quarter of 2025, achieving an increase of 2%, which reflects its fixed efficiency in the performance of its basic work while continuing to focus on enhancing the rate of recovery, reducing expenses and increasing competencies through digitization and automation of infrastructure for information.
These distinguished results support a strong public budget, total assets reaching 25 billion dirhams (7%increase), customer deposits to 21 billion dirhams (an increase of 8%) and shareholders ’rights to 3.1 billion dirhams (compared to the end of 2024).
The position of capital and the quality of assets continues to be a great year on an annual and follow -up basis.
The percentage of capital adequacy reached 18.2%, the capital rate of the first level is 17.0%, while the percentage of return on the rights of shareholders reached 17.4% (an increase of 161 basis points) and the rate of return on assets 2.3% (an increase of 49 basis points), and the percentage of loans has decreased to 9.7% (from 9.9% as of the end of 2024).
His Highness Sheikh Ammar bin Humaid Al -Nuaimi said: “The progress made by the Ajman Bank reflects the success of our strategic initiatives and the flexibility of our national economy, our strong vision for the future of the Emirate of Ajman and the pivotal role that financial institutions play in shaping flexible and comprehensive economies.”
His Highness added: “Ajman Bank stands at the forefront, while continuing the growth of the banking sector, driven by proper governance, national values, and commitment to responsible growth.”
His Highness Sheikh Ammar bin Humaid Al -Nuaimi continued: “This achievement does not only reflect our performance, but also our ambition, praising the council, administration and all members of our team, which continues its dedication and professionalism to contribute to the most comprehensive success at the level of the UAE.”
For his part, Mustafa Al -Khalafawi, CEO of Ajman Bank, said, “The results of the Ajman Bank for the first quarter of 2025 confirm the success of our continuous transformation and our ability to provide a fixed performance that provides a high value.
He added, “He continues our commitment to speed, service and specialization in forming a banking structure that revolves around the experience of customers, innovation and impact, very grateful to the board of directors and our exceptional team and our valuable agents of their constant trust and loyalty, and we are also proud of our contribution to the growth of the flexible and dynamic economy that continues to provide a strong basis for sustainable growth, we build together a flexible, liability and consistent institution Completely with the future of Islamic financing. “
Ajman Bank has all the ingredients to maintain the momentum of growth and provide sustainable profitability during the year 2025 and beyond, taking advantage of a firm and permanent financial structure of improvement and strong momentum in the process of transformation and support from the flexible state economy.
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