United Arab Bank P.J.S.C. (UAB) has announced its financial results for the nine months ending 30 September 2026, reporting a net profit of AED 333 million, a 6% increase year-on-year. This performance highlights the bank’s resilience and effective risk management amidst challenging regional conditions.
Financial Performance and Growth
UAB’s total operating income grew by 12% year-on-year to AED 648 million, driven by a 15% increase in net interest income and asset growth. The bank’s total assets reached AED 28 billion, a 16% increase from the previous year. Loans, advances, and Islamic financing grew by 12%, while investments rose by 23%. Customer deposits saw a significant 27% increase, reaching AED 18 billion.
Asset quality improved with non-performing loans (NPL) reducing to 0.5% and provision coverage strengthening to 338%. The bank maintained strong liquidity and capital positions, with a capital adequacy ratio of 20.7% and a CET1 ratio of 16.8%.
Strategic Initiatives and Future Outlook
Shirish Bhide, CEO of UAB, emphasized the bank’s focus on enhancing digital capabilities and diversifying products to meet client needs. UAB’s ranking as the 10th globally in its peer group by Forbes underscores its strategic progress. As the year progresses, UAB aims to accelerate innovation, enhance operational efficiency, and strengthen governance to support sustainable growth.
United Arab Bank P.J.S.C. was established in 1975 and is publicly traded on the Abu Dhabi Securities Exchange. It offers a range of banking services and is recognized for its strong financial position, holding investment-grade ratings from Moody’s and Fitch.
