UAB reports 49% increase in Net profit for the nine months ended September 2025

27 October 2025: United Arab Bank PJSC (UAB or “the Bank”) has announced its financial results for the nine months ended 30 September 2025. The Bank posted a net profit of AED 316 million for 9M 2025, compared to AED 212 million for the same period last year, representing an increase of 49% YoY. The increase in net profit reflects significant growth in total assets across both, loans, advances and Islamic financing, and the investments book, as well as Bank’s disciplined approach to risk management.

• Net profit reported at AED 316 million for 9M 2025, up by 49% year-on-year as compared to AED 212 million for 9M 2024.
• Net profit for the quarter (Q3 2025) was recorded at AED 108 million, up 2% sequentially (vs Q2 2025) and 46% year-on-year.
• EPS increased to AED 0.14 per share for the nine-month period in 2025 as compared to AED 0.10 per share in 9M 2024.
• Total income increased by 28% year-on-year to AED 580 million for 9M 2025 compared to AED 452 million for 9M 2024 driven by higher non-interest and net interest income, up 56% and 21%, respectively.
• Disciplined expense management and higher income led to an improvement in cost to income ratio to 46.2% in 9M 2025 from 49.5% in the prior comparative period.
• Impairment charges had a net reversal of AED 35 million for 9M 2025 as compared to net reversal in impairment charges of AED 5 million in 9M 2024, driven by the strong recoveries during the year. This translated into an annualised cost of risk (CoR) on loans and advances at -36bps.
• Annualised return on shareholders’ equity (RoSE) was 15.6% in 9M 2025.
• Total assets reached AED 24.5 billion in 9M 2025, up 22% year-on-year and 14% year-to-date.
• Loans, advances and Islamic financing grew 31% year-on-year and 22% year-to-date, while customer deposits increased by 19% year-on-year and 6% year-to-date, respectively.
• Asset quality metrics remained healthy with an NPL ratio of 3.1% and provision coverage of 103%.
• Liquidity and funding metrics also remain healthy with advances to stable resources ratio (ASRR) at 81% and eligible liquid asset ratio (ELAR) at 14%, both comfortably above regulatory thresholds.
• The Bank successfully completed its capital raise of AED 1.03 billion via a rights issue during the quarter, which was fully subscribed and has significantly strengthened the capital position, boosting the Common Equity Tier 1 (CET1) ratio to 18.5% and total capital adequacy ratio (CAR) to 22.8%.
• The Bank’s credit ratings were upgraded again this year by Moody’s to ‘Baa2’ with a Stable outlook – a testament to the persistent execution of the turnaround strategy.