Invest Bank Achieves Strong Profitability In First Half Of 2025 With Significant Growth Metrics

Invest Bank has reported its financial outcomes for the first half of 2025, showcasing robust operational achievements and a steady increase in its balance sheet. The bank's total assets rose by AED1.2 billion, marking an 11% year-on-year growth. This was largely due to a significant expansion in the loan portfolio, which increased by AED1.4 billion or 32%, indicating a strategic diversification across various business segments.

The net loans of Invest Bank saw a substantial rise of AED1.4 billion, equating to a 32% increase. Performing assets, classified under Stage 1 and Stage 2, now make up 44% of the gross loans compared to 37% in December 2024. The bank maintains a solid provision coverage ratio of approximately 38% across its portfolio, with full coverage for Stage 3 loans, consistent with its position at the end of December 2024.

Customer deposits experienced notable growth, increasing by AED1.3 billion or 15% year-on-year. CASA deposits rose by AED141 million (6%), while term deposits expanded by AED1.2 billion (18%). To support this growth, Invest Bank introduced two innovative deposit products: iPlus and Cashback deposits, alongside enhanced digital banking solutions.

Leadership and Strategic Initiatives

Edris Al Rafi, CEO of Invest Bank, stated: "The Bank’s first-half results are a clear reflection of progress. By strengthening our product offering and advancing our strategy, we are building the momentum needed to move forward with confidence and deliver lasting value to our customers and shareholders." Additionally, Mohamed Obaid Rashid Al Shamsi was elected as Vice Chairman, bringing over two decades of experience in banking and government sectors.

Al Shamsi's expertise spans business development, performance management, growth strategies, compliance, governance, capital reputation enhancement, and client relations. His knowledge extends to operations, change management, and stakeholder engagement. He is well-positioned to significantly contribute to Invest Bank's ongoing growth trajectory.

Technological Advancements

In alignment with its customer-focused strategy and commitment to technological advancement, Invest Bank is developing a new mobile banking application. This app aims to enhance customer experience by providing scalable solutions that support diversification efforts.

Commenting on his election as Vice Chairman, Mohamed Obaid Rashid Al Shamsi said: "I am honored by the trust the Board has placed in me. At this important stage in Invest Bank’s journey, I look forward to working alongside our leadership team to continue building on this positive momentum and guiding the Bank with strength and responsibility."

The bank's strategic initiatives reflect its dedication to enhancing customer service through technological innovation while maintaining strong financial performance metrics.

With inputs from WAM