Strong asset growth and disciplined strategy drive a solid performance for UAB amid global market uncertainty.
Strong fundamentals drive UAB © Mena Today
United Arab Bank P.J.S.C. (UAB) has reported a net profit of AED 75 million (USD 20.4 million) for the first quarter ended 31 March 2026, underpinned by a 16% year-on-year rise in total operating income, a result that reflects the bank's continued strategic discipline in a challenging global environment marked by market volatility and regional geopolitical headwinds.
Total assets reached AED 26.9 billion, up 15% year-on-year, driven by robust growth across core business lines. Loans, advances and Islamic financing surged 21% to AED 15.1 billion, while investments climbed 22% to AED 8.3 billion. Customer deposits rose a healthy 11% to AED 16.7 billion, signalling sustained client confidence in the institution.
Asset quality remained firmly under control, with a non-performing loan (NPL) ratio of 2.6% and provision coverage of 110%, metrics that speak to the bank's prudent risk management approach. Liquidity indicators were equally reassuring, with an advances-to-stable-resources ratio (ASRR) of 73% and an eligible liquid asset ratio (ELAR) of 16%.
On the capital front, UAB maintained a solid capital adequacy ratio of 20.4% and a CET1 ratio of 16.4%, both comfortably above regulatory requirements, providing a strong buffer as the bank pursues its growth ambitions through the remainder of 2026.
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