United Arab Bank Achieves AED 316 Million Net Profit With 49% Increase In Nine Months

United Arab Bank (UAB) has reported its financial performance for the nine months ending 30th September 2025. The bank achieved a net profit of AED316 million, marking a 49% increase from AED212 million in the same period last year. Total income also rose by 28% to AED580 million. This growth is attributed to an increase in total assets, including loans, advances, Islamic financing, and investments.

UAB's capital position was bolstered through a successful rights issue, which increased issued and paid-up capital by 50% to AED3.094 billion. The full subscription of this rights issue indicates strong shareholder confidence in the bank's future prospects. Moody’s upgraded UAB’s credit rating to ‘Baa2’, citing improvements in asset quality, profitability, and solvency as key factors.

The bank's strategic growth is further supported by Fitch and Capital Intelligence, both of which have upgraded UAB’s Viability Ratings (VR) and Core Financial Strength (CFS) by one notch. These upgrades reflect the bank's enhanced financial and credit profile. UAB is well-positioned for future growth after five decades of serving its customers and community.

Shirish Bhide, CEO of United Arab Bank, stated that the bank's performance reflects disciplined execution of its growth strategy and transformation agenda. "Our performance in the nine months ended 30th September 2025 reflects the disciplined execution of our growth strategy and the continued success of our transformation agenda," he said.

Bhide emphasized UAB's focus on sustainable growth and long-term value creation for stakeholders. He noted that strong profitability and asset growth are driven by prudent risk management. "We remain focused on delivering sustainable growth and long-term value to our customers, shareholders, partners and our community," Bhide added.

In celebration of its 50th anniversary, UAB launched a new brand identity under the slogan "United for You." This milestone was marked with a ceremony at Dubai’s Museum of the Future. The new corporate identity includes a refreshed logo and visual system that align with UAB’s strategic vision for innovative financial services centered around customer needs.

Bhide highlighted the importance of service excellence and customer satisfaction in driving digitalization and product innovation at UAB. "As we celebrate the 50 years of vision of our founders, unveiling our new brand and refreshed identity, our ethos and commitment to serve our customers with integrity and purpose remain at the core of our mission to humanize banking," he said.

The recent results underscore UAB’s readiness for future expansion while maintaining its commitment to serving customers with integrity. As it embarks on this new chapter, UAB continues to prioritize people-centric banking solutions.

With inputs from WAM