201 million dirhams net profits for United Arab Bank in the first half
Sharjah, July 22 / WAM / United Arab Bank PJSC announced its financial results for the six-month period ending on June 30, 2026, recording a net profit of 201 million dirhams during the first half of the year 2026, a growth rate of 68% compared to the previous quarter and a growth rate of 19% on an annual basis.
These results were based on a growth in total operating income of 13% on an annual basis, which reflects discipline in implementing the bank’s strategy, strong growth in assets, and prudent risk management in light of global market fluctuations and geopolitical instability in the region.
Total assets reached 28 billion dirhams, an increase of 16% year-on-year, supported by strong growth in loans, advances and Islamic financing, which rose by 14% to reach 15.3 billion dirhams, while investments grew by 25% to reach 8.3 billion dirhams, and customer deposits increased by 16% year-on-year to reach 18.2 billion dirhams.
Asset quality indicators remained strong, with the non-performing loans ratio reaching 2.7%, while the provisions coverage ratio reached 101%. The bank also continued to maintain a strong capital and liquidity position, with the ratio of loans to stable resources reaching 73% and the ratio of eligible liquid assets reaching 17%. The bank also maintained a strong capital adequacy ratio of 21.1%, while the Tier 1 capital ratio reached 17.2%, both of which are well above regulatory requirements.
Sheikh Mohammed bin Faisal bin Sultan Al Qasimi, Chairman of the Board of Directors of United Arab Bank, stressed that the first half of 2026 represents an important milestone in the bank’s development process, explaining that the achieved results prove the reflection of strategic investments in achieving advanced operational performance and sustainable business momentum.
He pointed out that this success comes as a result of the integrated transformation program implemented during the year 2025, which focused on developing the capital base, applying the highest standards of governance, and accelerating the pace of digital transformation, after the bank’s success in building the foundations of growth during the year 2024, which reflects the strength of the bank’s business model and its ability to advance flexibly and efficiently amid a global environment characterized by market fluctuations and continuing regional challenges.
Sheikh Mohammed bin Faisal bin Sultan Al Qasimi explained that the UAE continues to strengthen its position as one of the most competitive economies in the world, based on an ambitious development vision and a solid approach to diversifying the economy and supporting innovation, which creates new qualitative opportunities for the business and investment sector.
He stressed the bank’s commitment, as a national banking institution, to employ its capabilities and resources responsibly and efficiently to support economic activity, empower entrepreneurs and companies, and contribute to raising the flexibility of the national economy, thus consolidating the bank’s position as a strategic banking partner for its clients.
He also stated that Moody’s and Fitch’s confirmation of the bank’s credit rating in the investment category is independent evidence of the credibility, progress achieved, and the solid foundations upon which it is based, indicating that the bank’s future ambition goes beyond achieving strong financial results towards building a more flexible and innovative banking institution, based on trust and taking advantage of technology to enhance the value provided, contribute to supporting the economic growth and prosperity of the UAE, and achieve sustainable value for shareholders in the long term.
For his part, Shreesh Bidiyeh, CEO of United Arab Bank, indicated that the results of the first half of 2026 translate the bank’s success in transforming the investments made during the last phase into operational performance that enhances the growth process. He stated that the growth of operating revenues, the expansion of the financing portfolio, investments and customer deposits, and maintaining the quality of assets and the strength of the capital base, confirms the effectiveness of the strategy followed and the efficiency of its implementation, and reflects the ability to meet the diverse needs of customers across the various sectors of corporate, business and individual banking services.
The CEO added that the bank continues to complete the transformation process that began in 2025 to improve customer experience by enhancing digital capabilities, developing modern payment solutions, and expanding technical partnerships, to make services easier, more efficient, and more responsive to needs.
He stressed that these investments enable the work teams to provide more customized and appropriate financial solutions that enrich the value provided to various customer segments.
He concluded by emphasizing the continued implementation of future strategic priorities by diversifying products and services, expanding digital capabilities, and strengthening partnerships, to keep pace with changing requirements and support families and companies throughout the UAE, with the aim of transforming innovation into added value to consolidate long-term relationships with customers, and to ensure achieving sustainable value for shareholders despite all regional challenges.
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