152 million dirhams in profits from the National Bank of Umm Al Quwain during the first quarter
Umm Al Quwain, April 17, 2026 – The National Bank of Umm Al Quwain announced achieving net profits after tax of 152 million dirhams during the first quarter of the current year ending on March 31, 2026, which reflects the flexibility of performance and the continued strength of financial foundations, supported by disciplined cost management and a balanced approach that supports sustainable growth in the long term.
The bank explained that continuing to diversify the balance sheet and sources of income, in addition to measures to increase operational efficiency, contributed to supporting performance during the first three months of this year.
He noted that total interest income recorded a growth of 11 percent to reach 246 million dirhams, while net interest income increased by 4 percent to 153 million dirhams, which enhances the stability of basic revenues.
Total assets reached 23.2 billion dirhams on March 31, 2026, an increase of 1 percent compared to December 31, 2025, and a growth of 24 percent compared to March 31, 2025.
Net loans and facilities amounted to 8.3 billion dirhams, an increase of 2 percent year-on-year, while customer deposits grew by 34 percent to reach 16.3 billion dirhams during the same period.
Total shareholders’ equity rose to 6.3 billion dirhams, an increase of 6 percent compared to March 31, 2025, while the capital adequacy ratio reached 31 percent, remaining higher than the minimum approved by the Central Bank of the United Arab Emirates in accordance with the requirements of the Basel III agreement.
The non-performing loan ratio reached 0.43 percent on March 31, 2026, compared to 0.31 percent on December 31, 2025, and 3.74 percent on March 31, 2025, reflecting the continued improvement in asset quality on an annual basis.
Adnan Al Awadhi, CEO of the National Bank of Umm Al Quwain, said that the first quarter results reflect stable performance and the continued implementation of the corporate strategy, noting that the bank achieved flexible financial results supported by strong foundations and effective cost management, in addition to successful financing strategies despite the geopolitical challenges and the decline in basic interest rates.
He added that during the first quarter of this year, the bank maintained a strong balance sheet, supported by good levels of liquidity and capital adequacy, which enabled it to continue supporting clients in various key sectors while maintaining a balanced approach to risk management.
He pointed out that digital transformation remained a major focus during the recent period after the bank continued to enhance its digital banking platforms, develop mobile services, and automate operational procedures, which contributed to raising efficiency, improving customer experience, and enhancing the bank’s competitive position.
Al-Awadhi stressed the bank’s continued commitment to its strategic priorities, including Emiratisation, competency development, enhancing diversity, and sustainability initiatives, in addition to investing in human capital and expanding the scope of community participation in line with national goals.
He explained that risk management continued to play a pivotal role by adopting a proactive and prudent approach in dealing with market developments and interest rates, in a way that supports stability and provides opportunities for thoughtful growth.
He stressed that the bank looks with cautious optimism towards the rest of the year 2026, based on the clarity of its strategic direction, the flexibility of its business model, and its commitment to innovation and customer service, which enhances its ability to achieve sustainable value for all stakeholders.
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