2022 Full Year financial highlights

Capitalization levels are above the current applicable regulatory requirements::

• Capital Adequacy ratio: 14.5%
• CET1 ratio: 13.3%

Adequate Liquidity profile was maintained in FY 2022:

• Advances to Stable Funding ratio: 87%
• Eligible Liquid Assets: 18%
• Loan: Deposit ratio: 89%

Cost of Risk:

• Reduction in the cost of risk by 31% YoY, to 1.1% in 2022 from 1.6% in 2021

Asset Quality: UAB continues with its decisive and to proactive approach to recognize problem loans which has resulted in NPL ratio of 8.2% in Dec 2022 compared to 11.6% in Dec 2021.

The Provision Coverage ratio recorded 94% as at Dec 2022 compared to 68% in Dec 2021, and the Provision Coverage including collaterals recorded 163% in Dec 2022 compared to 127% in Dec 2021.

Profitability:

• Total Operating income recorded AED 500.8m with 11% growth compared to 2021
• Net profit: recorded AED 154.7m with 120% increase over the results in 2021