i

This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our
Privacy Policy for more information

عربى

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

Profitability:

  • 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.

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

welcome to UAB live
Please give us a few details and allow us to help you better
captcha