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Financial Highlights

First half 2021 financial highlights

Capitalization levels are well above the current applicable regulatory requirements:

  • Capital Adequacy ratio: 13.4%
  • CET1 ratio: 12.3%

Adequate Liquidity profile was maintained in H1 2021:

  • Advances to Stable Funding ratio: 76.0%
  • Eligible Liquid Assets: 17.3%
  • Loan: Deposit ratio: 76.0%

Costs rationalization:

  • Reduction in Operating expenses by 9% YoY


  • Operating income increased by 8% YoY to AED 236.4
  • Operating profit: increased by 33% YoY to AED 116.6m
  • Net profit: recorded AED 26.9m with YoY increase of 113%

Note: Net profit for Q2 2021 has increased by 64% in comparison to Q1 2021

Provision Charges: on a total portfolio basis, the bank continues to demonstrate significant improvement with 70% reduction in provision charges during H1 2021 vs. H1 2020 as the bank focuses on its remediation efforts and recoveries.

  • NPL ratio: 16.7%
  • Provisions coverage ratio: 82.0%

Note: Provision Coverage Ratio including the Collaterals increases from 82% to 99% as on June’21


Click here to review UAB full financial results.


You can reach us using any of the following numbers

UAB Toll Free

800 474

International callers

+971 6 5987332

Sadara Toll Free

800 72 32 72

Sadara international

+971 6 5987333

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