UAB reports Net profit of AED 75 million for the first quarter of 2026

United Arab Bank P.J.S.C. (“UAB” or “the Bank”) reports its financial results for the three months ending 31 March 2026.  

UAB has reported a net profit of AED 75 million for the first quarter ended 31 March 2026. The results are underpinned by 16% year-on-year growth in total operating income, reflecting the Bank’s disciplined execution of its strategy, strong asset growth, and prudent risk management amid global market volatility and regional geopolitical uncertainty.

Total assets stood at AED 26.9 billion, up 15% year-on-year, supported by strong growth in loans, advances, and Islamic financing, which increased 21% to AED 15.1 billion, while investments increased 22% to AED 8.3 billion. Customer deposits rose 11% year-on-year to AED 16.7 billion. 

Asset quality metrics remained robust, with a non-performing loan (NPL) ratio of 2.6% and provision coverage of 110%. The Bank’s capital and liquidity positions remained strong, with an advances-to-stable-resources ratio (ASRR) of 73% and an eligible liquid asset ratio (ELAR) of 16%. The Bank continued to maintain a solid capital adequacy ratio of 20.4% and CET1 ratio of 16.4%, both of which remained well above regulatory requirements.

Shirish Bhide, Chief Executive Officer of UAB, said: 

"UAB has delivered a solid set of results in the first quarter of 2026, demonstrating the strength and resilience of our business model. In a quarter that saw a difficult period for the region, UAB delivered robust top-line and operating profit growth, vis-à-vis the same period in 2025. This impressive growth reflects the business momentum we have built and our disciplined approach to risk management and expense control. 

Our total assets have continued their strong upward trajectory year-on-year, underpinned by healthy growth across loans, advances, Islamic financing, and investments. These results are a testament to the trust our customers continue to place in us and the dedication of our team in delivering on our commitments. UAB remains firmly committed to always maintaining a resilient credit profile with a strong capital position and sound liquidity.

In line with our commitment to being closer to our customers and communities, we added a new branch in the Festival City Mall in Dubai and will soon be opening another branch in Abu Dhabi. This careful expansion enhances our physical presence and customer touchpoints across the UAE, complementing our digital capabilities and reinforcing our promise to deliver accessible, convenient, and personalised banking experiences to our customers.

We continue to operate from a position of financial strength and optimism, inspired by the visionary leadership of the UAE and the nation's unwavering commitment to building a prosperous and dynamic economy. We are proud to be part of this remarkable journey and remain deeply confident in the long-term opportunities in the country and wider region.”