United Arab Bank Achieves 50% Year-on-Year Net Profit Growth For H1 2025

United Arab Bank PJSC (UAB) has reported its financial performance for the first half of 2025. The bank achieved a net profit of AED 208 million, marking a 50% increase compared to AED 139 million in the same period last year. Total income also saw a rise, reaching AED 374 million, which is a 24% year-on-year growth.

The bank's balance sheet has been bolstered by an 11% increase in total assets since December 2024. This growth is attributed to UAB's disciplined risk management and focus on asset quality and capital resilience. These results highlight the bank’s strong momentum and strategic readiness for future expansion.

Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of UAB's Board of Directors, stated: "The Bank’s exceptional financial performance in the first half of 2025 underscores the effectiveness of our strategic vision and the strength of our governance framework. Looking ahead, we are unwavering in our commitment to advancing the UAE’s economic agenda while creating enduring value for all stakeholders. We will continue to lead with discipline, resilience, and an uncompromising focus on innovation, digital transformation, and operational excellence."

Shirish Bhide, CEO of United Arab Bank, commented on the results: "Our first-half results reflect robust operational performance and the growing impact of our transformation agenda. The strong growth in profitability and total assets highlights the success of our strategic execution and our unwavering focus on customer value, efficiency, and prudent risk-taking."

Bhide further elaborated: "As we move forward, we will continue to scale our digital capabilities, introduce innovative products, and further strengthen our control environment—while keeping the customer at the center of everything we do." This approach aims to enhance customer satisfaction while maintaining operational excellence.

UAB is currently working on increasing its capital by up to AED 1.03 billion through a Rights Issue available to existing shareholders. This initiative will potentially raise the total share capital by up to AED 3.09 billion once completed and approved by regulators.

This capital enhancement is designed to improve UAB's capital adequacy and fortify its resilience against potential macro-financial challenges. It also supports future asset growth aligned with its strategic objectives.

The bank's financial achievements reflect its commitment to innovation and operational excellence while prioritising customer needs. UAB continues to focus on strengthening its digital capabilities as part of its ongoing transformation efforts.

With inputs from WAM