The United Arab Bank achieves a 50% increase in net profits for the first half

Sharjah, July 17 / WAM / The United Arab Bank (SA) announced its financial results for the six months ending on June 30, 2025, recording a net profit of 208 million dirhams for the first half of the year 2025 compared to 139 million dirhams during the same period last year, which reflects an increase of 50% compared to last year, and total income increased by 24% compared to last year to reach 374 million dirhams.

The share profitability increased to 0.10 dirhams per share in the first half of 2025 compared to the share of the stock of 0.07 dirhams in the same period last year and the total income increased by 24% on an annual basis to reach 374 million dirhams in the first half of 2025 compared to 300 million dirhams in the first half of 2024, driven by an increase in net income of benefits by 13% and an increase in income from The benefits are 70% compared to the same period last year.

The total assets reached 23.9 billion dirhams for the first half of 2025, a growth of 11%, compared to the month of December 2024, and this growth comes as a result of increasing loans, predecessors and Islamic finance, as it increased by 16% and the growth of investments by 10%.

The indicators of the quality of assets continued to improve their continuous with a decrease in the total percentage of non -performing loans to less than 3% to 2.2%, while allocations coverage increased by 148%, and the bank’s capital maintained its strength, as the percentage of first -class property rights CET1 reached 12.1%, and the capital adequacy rate reached 16.3%.

The liquidity indicators of the United Arab Bank showed a strong performance, and this is evident in reaching the percentage of predecessors to the stable resources 80% and the percentage of qualified liquid assets is 17%, which are much higher than the regulatory limits.

The Fitch and Modes Calculation confirmed the credit rating of the United Arab Bank when the BBB+/BAA3 rated with a future look.

The increase in net profits reflects a significant growth in the total bank assets by 11% compared to December 2024 in addition to its careful approach in risk management, and the bank’s public budget has also been strengthened through the constant focus on the quality of assets and the durability of capital, and these results confirm the strong momentum enjoyed by the United Arab Bank and its strategic willingness to achieve more growth in the future.

Sheikh Mohammed bin Faisal bin Sultan Al Qasimi, Chairman of the Board of Directors of the United Arab Bank, said that reflects the distinguished financial performance of the bank in the first half of the year 2025, the effectiveness of our strategic vision and the strength of our governance framework.

For his part, Sherish said, CEO of the United Arab Bank, which reflects the results of the first half, a strong operational performance, supported by the success of the transformation strategy that we adopted, as well as the strong growth in profitability and total assets on the efficiency of our strategy and our fixed commitment to providing added value to customers, enhancing efficiency and managing risk wisely.

He added, while we will go ahead, we will continue to develop our digital capabilities, develop innovative products and consolidate a strong control environment, while continuing to make the customer the focus of all our business.

In a previous period, the United Arab Bank increased its capital by 1.03 billion dirhams by issuing priority rights to the current shareholders. This step would enhance the bank’s capital base, as the exported capital will rise to 3.09 billion dirhams, pending the completion of the allocation process and the fulfillment of organizational requirements. This step aims to enhance the bank’s capital adequacy and increase its ability to face any potential economic or financial challenges with Supporting the growth of assets in the future in line with its strategic and financial goals.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related