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عربى
Financial Highlights

 

H1 2020 Highlights

 

Capitalization levels were well above the current applicable regulatory requirements:

  • Capital Adequacy ratio: 14.3%

  • CET1 ratio: 13.2%

 

Adequate Liquidity profile was maintained:

  • Advances to Stable Funding ratio: 86.5%

  • Eligible Liquid Assets: 15.6%

  • Loan: Deposit ratio: 89%

  • UAB has prepaid all its outstanding medium term borrowings in June 2020 to actively manage the cost of funds

 

Costs rationalization:

  • Reduction in Operating expenses by 17% YoY

 

Provision Charges: businesses across all sectors continued to be impacted by the COVID-19 pandemic, the bank is prudently managing risks to demonstrate transparency and taking timely actions. This has resulted with increased Net Provisions charge by 237% vs H1 2019:

  • NPL ratio: 14.9%

  • Provisions coverage ratio: 86%

 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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