UAB reports Net profit of AED 333 million for the nine months ended 30 September 2026
26 October 2026: United Arab Bank P.J.S.C. (“UAB” or “the Bank”) has reported its financial results for the nine months ended 30 September 2026 (9M 2026). UAB has reported a net profit of AED 333 million for 9M 2026, up 6% year-on-year, demonstrating the resilience of its business model and prudent risk management practices, amidst ongoing regional geopolitical uncertainty and an overall challenging operating environment.
- Net profit reported at AED 333 million for the nine months ended 30 September 2026, up 6% year-on-year. Net profit for the third quarter (Q3 2026) grew by 5% sequentially and 23% year-on-year to AED 132 million.
- Total operating income grew by 12% year-on-year to AED 648 million for 9M 2026 compared to AED 580 million for 9M 2025 driven by higher net interest income (up 15% year-on-year) and growth in assets.
- Growth in operating income combined with disciplined expense management resulted in operating profit growth of 10% year-on-year.
- The Bank recorded net impairment reversals of AED (23) million during 9M 2026 as compared to a net reversal of AED (35) million in the prior year period. The cost of risk for the 9M 2026 period declined to -23bps.
- Annualised return on shareholders’ equity (RoSE) was 12.9% for 9M 2026.
- Total assets were recorded at AED 28 billion at end-September 2026, up 16% year-on-year.
- Loans, advances and Islamic financing, and investments grew by 12% and 23% respectively, while customer deposits significantly outpaced asset growth increasing by 27% year-on-year maintaining strong momentum. CASA deposits also grew by 61% and now represent 44% of total deposits.
- Asset quality metrics significantly improved in the third quarter driven by successful resolution of delinquent accounts; Non-performing loans (NPL) improved to 0.5%, while provision coverage strengthened to 338%.
- Capital adequacy ratio and CET1 remained robust and well above regulatory requirements at 20.7% and 16.8%, respectively.
- Liquidity and funding metrics also remained healthy with advances to stable resources ratio (ASRR) at 72% and eligible liquid asset ratio (ELAR) at 15%, both comfortably within the regulatory thresholds.
- During the year, UAB’s investment-grade credit ratings (‘BBB+’ by Fitch, ‘Baa2’ by Moody’s) were affirmed with a ‘Stable’ outlook reflecting bank’s financial strength and robust capital position supporting growth in a challenging environment.
