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.
A senior Emirati official on Monday called on Gulf countries to strengthen their collective security system after a series of attacks by Iran-aligned Houthis from Yemen on Saudi Arabia.
Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.
The organisers of two major Saudi energy and investment conferences said their events will go ahead this month and reassured visitors on security, after missile attacks on Riyadh's airport left four people dead and an airliner heavily damaged this week.
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