Q3 2022 financial highlights

Capitalization levels are above the current applicable regulatory requirements::

• Capital Adequacy ratio: 13.5%
• CET1 ratio: 12.3%

Adequate Liquidity profile was maintained in Q3 2022:

• Advances to Stable Funding ratio: 88%
• Eligible Liquid Assets: 17%
• Loan: Deposit ratio: 84%

Cost of Risk:

• Reduction in the cost of risk by 57% YoY, to 1.0% in Q3 2022 from 1.1% in Q3 2021

Asset Quality: UAB continues with its decisive and to proactive approach to recognize problem loans which has resulted in NPL ratio of 10.3% in September 2022 compared to 11.6% in Dec 2021.

The Provision Coverage ratio recorded 81% as at September 2022 compared to 68% in Dec 2021, and the Provision Coverage (Including Collaterals) recorded 123% in September 2022.

Profitability:

• Total Operating income recorded AED 351m
• Net profit: recorded AED 119.1m