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عربى

Financial Highlights

Q3 2021 financial highlights

Capitalization levels are well above the current applicable regulatory requirements:

  • Capital Adequacy ratio: 13.6%
  • CET1 ratio: 12.5%

Adequate Liquidity profile was maintained in Q3 2021:

  • Advances to Stable Funding ratio: 77 %
  • Eligible Liquid Assets: 15%
  • Loan: Deposit ratio: 78%
  • Costs rationalization:
  • Reduction in Operating expenses by 9% YoY

Profitability:

  • Operating income increased by 11% YoY to AED 336.5m
  • Operating profit: increased by 50% YoY to AED 156.2m
  • Net profit: recorded AED 44.7m

        Note: Net profit for Q3 2021 has increased by 7% in comparison to Q2 2021

Provision Charges: on a total portfolio basis, the bank continues to demonstrate significant improvement with 76% reduction in provision charges during Q3 2021 vs. Q3 2020 as the bank focuses on its remediation efforts and recoveries.

  • NPL ratio: 15.4%
  • Provisions coverage ratio: 82.3%

        Note: Provision Coverage Ratio including the Collaterals increases from 82% to 121% as on September 2021

Click here to review UAB full financial results.

TALK TO US TODAY

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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