Bank of Umm Al Quwain achieves 271 million dirhams in net profits during the first half of 2026
Umm Al Quwain, July 17 / WAM / The National Bank of Umm Al Quwain achieved profits after tax amounting to 271 million dirhams during the first half ending last June 30, confirming the solidity of its financial position and the flexibility of its performance, thanks to the strength of its financial foundations, disciplined risk management, and its strategy aimed at achieving sustainable growth in the long term.
Total interest income amounted to 503 million dirhams, while net interest income increased to 310 million dirhams, compared to 309 million dirhams during the same period in 2025, reflecting the stability of basic revenues.
The bank’s total assets also increased to 24.1 billion dirhams as of last June 30, a growth of 5% compared to the end of 2025, and 20% compared to the same period last year. Net loans and advances amounted to 8.7 billion dirhams, an increase of 4% year-on-year, while customer deposits increased by 29% to reach 17.1 billion dirhams, and total shareholders’ equity increased to 6.4 billion dirhams, an increase of 3% compared to the end of June 2025.
The bank maintained strong levels of financial solvency, as the capital adequacy ratio reached 31% as of June 30, 2026, exceeding the minimum set by the Central Bank of the United Arab Emirates in accordance with the requirements of the Basel Agreement (3). The non-performing loan ratio recorded 0.4% compared to 0.3% at the end of 2025, while it improved significantly compared to the 2.2% recorded in June 2025.
Adnan Al-Awadhi, CEO of the National Bank of Umm Al Quwain, said that the results of the first half of the current year 2026 reflect the bank’s flexibility and its ability to continue implementing its strategic priorities despite the challenges imposed by the operating environment, indicating that the financial performance reflects the strength of the business model, the disciplined management of the balance sheet, and the continued focus on achieving long-term sustainable growth.
During the first half of this year, the bank recorded operating expenses amounting to 108 million dirhams, an increase of 16%, while the cost-to-income ratio stabilized at 26%.
The adequacy ratio of the first tier of capital reached 30%, and the provision coverage ratio reached 266% as of June 30, 2026, while the non-performing loans ratio improved by 180 basis points compared to the same period last year, declining from 2.2% to 0.4%.
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