Mashreq Bank achieves a net profit of 4.048 billion dirhams in the first half of 2026
DUBAI, 30 JULY / WAM / Mashreq Bank achieved a net profit after tax of 4.048 billion dirhams during the first half of 2026, a growth of 17% compared to the same period last year, while the profit attributable to the owners of the parent company increased 16% to 3.955 billion dirhams, and earnings per share reached 19.2 dirhams compared to 16.4 dirhams in the first half of 2025.
The bank recorded record pre-tax profits of 4.805 billion dirhams during the first half, an increase of 18% year-on-year, while revenues amounted to 6.826 billion dirhams.
Net interest income and Islamic finance income increased by 7% to 4.225 billion dirhams, and non-interest income increased by 17% to 2.601 billion dirhams, bringing its contribution to 38% of total operating revenues.
Fees and commissions also increased by 11% to 716 million dirhams, supported by strong growth in transaction banking and trade finance activities, while net investment income jumped 57% to 335 million dirhams thanks to a positive increase in the fair value of the investment portfolio and profits realized from investment securities, while insurance income, foreign exchange and other income increased by 13% to 1.551 billion dirhams.
Operating expenses amounted to 2.144 billion dirhams as a result of continued investment in generative artificial intelligence initiatives, digital infrastructure, platforms and personnel supporting the bank’s growth, while maintaining the cost-to-income ratio at 31%.
In terms of asset quality, the non-performing loan ratio stabilized at 0.9% despite the growth in loans, while the coverage ratio increased to 271% compared to 210% in June 2025.
The balance sheet recorded strong growth, as total assets rose 25% year-on-year to a record level of 365.7 billion dirhams, while customer deposits grew 28% to 227.2 billion dirhams, and loans and advances to customers increased 26%.
His Excellency Abdulaziz Al Ghurair, Chairman of the Board of Directors of Mashreq, said that the UAE demonstrated once again during the first half of the year its flexibility and ability to withstand despite the escalation of geopolitical uncertainty, stressing that the economic foundations of the country remained strong, stressing that the bank’s results reflect its strength and the effectiveness of its long-term strategy.
For his part, Ahmed Abdel-Aal, Group CEO, said that the bank achieved record results despite the geopolitical and economic challenges, noting that the growth of deposits and loans, the high contribution of non-interest income, and the continued solidity of asset quality, confirm the strength of Mashreq’s diversified business model.
He added that the bank will enter the second half of the year with a focus on achieving disciplined growth, allocating capital efficiently, and continuing to invest in technology, artificial intelligence, data, and control frameworks.
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