Ammar bin Hamid chairs the meeting of the Board of Directors of Ajman Bank
Ajman on July 22/ WAM/ His Highness Sheikh Ammar bin Humaid Al -Nuaimi, Crown Prince of Ajman, Chairman of the Board of Ajman Bank, chaired the meeting of the bank’s board of directors, which discussed several financial and administrative issues, reviewed commercial activities and issued its decisions regarding them.
Ajman Bank announced the registration of profits before the taxes of 266 million dirhams during the first half of 2025, an increase of 14% compared to the same period in 2024, driven by focusing on the basic operating performance, increasing financing activities, and improving operational efficiency.
The total operating income increased to 751 million dirhams, and the net operating income reached 399 million dirhams, while the total assets increased by 17% since the end of 2024 to 26.6 billion dirhams, with the support of the growth of the financing portfolio by 16% to 17.8 billion dirhams.
Customer deposits have increased to 20 billion dirhams, with a growth of 11% since the beginning of the year, which reflects the continued growth in the banking services sectors of individuals and companies.
His Highness Sheikh Ammar bin Humaid Al -Nuaimi said: “Ajman Bank continues to record strong results, with the support of a flexible business model and focused growth strategy.
The capital and liquidity indicators of the Ajman Bank maintained its strength, as the capital rate reached 17.3%, and the first segment of the capital stabilized at 16.1%, despite the growth of total financing by 17%.
The return on shareholders ’rights increased to 15.6% (an increase of 29 basis points), and the return on assets reached 1.9% (an increase of 9 basis points).
The bank strengthened its financial position with the improvement of the percentage of qualified liquid assets to reach 18%, and the percentage of financing to the stable resources to 74%.
Mustafa Al -Khalafawi, CEO of Ajman Bank, said that the results reflect the strength of the financing base, the cohesion of the public budget, the efficiency of the operating model, we focus on enhancing the productivity of the platforms, improving operational efficiency, diversifying the sources of financing and launching the solution of joint sales, the immediate settlement platform, and the issuance of global sukuk, all indications of increasing confidence in our strategic path.
The quality of assets improved thanks to the proactive management of the credit portfolio, as the percentage of stalled funds (NPL) reached 8.6% (a decrease of 126 basis points compared to December 31, 2024), with a 15% decrease in total exposure in the second and third stages during the first half of 2025, and achieving the diversification of the largest that contributed to the decline in real estate financing to 32.9% (a decrease of 705 points Basis).
The bank continued to develop its digital infrastructure through investments directed at the joining of small and medium -sized companies, enabling points of sale and immediate treatment capabilities.
Initiatives have contributed to raising productivity, speeding up digital processes, and activating full automation of services across the main sectors.
Last May, the Ajman Bank succeeded in issuing the first five years of instruments worth $ 500 million, as part of the confidence certificates program of $ 1.5 billion, and the version was included in NASDAC Dubai, and achieved coverage exceeding 5.4 times, with the participation of more than 100 global investors, and a final distribution of 65% and 35%, respectively.
This version represents a strategic station in the bank’s path towards diversifying sources of financing and accessing international capital markets.
The bank continues its commitment to providing sustainable financing of 4 billion dirhams by 2030, and achieving carbon neutrality by 2050, in line with its long -term strategy, Ajman 2030 vision, and the most comprehensive national framework for sustainable growth in the UAE.
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