Ajman Bank Experiences Resilient Growth Amid Economic Challenges
AJMAN, UAE — In the face of evolving market dynamics and global financial uncertainties, Ajman Bank has demonstrated a commendable performance in the first three quarters of 2026. Under the leadership of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, who presided over the Board of Directors meeting held on Tuesday, the bank reported robust financial metrics that signal its commitment to sustainable growth and strategic management.
According to the latest financial disclosures, Ajman Bank’s total revenue surged to AED1.35 billion (approximately 7.6 million), representing a commendable growth of 12 percent compared to the same period in 2025. Net revenue amounted to AED 670 million, reflecting a year-on-year increase of 2 percent. These figures underscore the bank’s persistent momentum, driven by disciplined financial management and a diversified revenue approach.
Net Profit Before Tax Highlights Financial Resilience
The financial report revealed that Ajman Bank recorded an operating profit before impairment of AED340 million, and a net profit before tax of AED352 million. “Ajman Bank’s performance reflects the strength of its strategic direction and its unwavering commitment to bolstering the economic development of Ajman and the wider UAE,” asserted Sheikh Ammar bin Humaid Al Nuaimi. He emphasized the bank’s adherence to Shari’ah principles and its focus on responsible banking, thereby creating long-term value for both customers and stakeholders.
The bank continued to fortify its balance sheet, showcasing total assets of AED35.8 billion, marking a 9 percent rise from the previous year. Customer financing also experienced notable growth, increasing to AED24.1 billion—a 13 percent jump—highlighting the sustained demand across various segments of its financing portfolio.
Solid Financial Foundations for Future Growth
Ajman Bank’s total deposits reached AED28.4 billion, enhancing the bank’s funding base and its ability to cater to customers’ diverse financial needs. The bank’s current account and savings account (CASA) balances likewise exhibited robust growth, reinforcing its efforts to nurture customer relationships and attract stable funding sources.
In a further testament to its financial health, Ajman Bank reported a total shareholder equity of AED4.4 billion, a significant increase of 27 percent. The total capital ratio also witnessed a commendable rise of 308 basis points, reaching 17.1 percent, thereby strengthening the bank’s capital position during a period of economic flux.
Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, expressed confidence in the bank’s trajectory, stating, “Our performance in the first nine months of the year demonstrates the continued execution of our strategy, supported by record quarterly revenue and growth in customer financing.” He added that the bank remains focused on prudent risk management and operational excellence, stating a future vision anchored in enhanced customer experiences and sustainable value delivery.
Capital Market Engagement and Improved Asset Quality
The issuance of a 0 million Additional Tier 1 Perpetual Non-Call 5.5-Year Sukuk in July 2026 marked an important milestone for Ajman Bank, representing its inaugural Additional Tier 1 capital issuance. The successful transaction is reflective of investor confidence in the bank’s improving credit profile and sound financial performance. This strategic move further diversifies the bank’s funding and capital base while fortifying its regulatory capital position, which is essential for fostering long-term stability.
Ajman Bank reported profitability ratios of 1.3 percent for Return on Assets (ROA) and 11.0 percent for Return on Equity (ROE), indicators of its strong focus on financial discipline. Furthermore, the bank saw ongoing improvements in asset quality, with the Non-Performing Financing (NPF) ratio declining to 5.0 percent, a notable improvement of 203 basis points year-to-date. This development reflects the bank’s continuous commitment to prudent financing practices and effective risk management.
As Ajman Bank asserts its position in the banking sector, it remains steadfast in its commitment to enhancing financial capabilities and delivering Shari’ah-compliant solutions tailored to the evolving needs of various stakeholders, including individuals, businesses, and government entities. Through disciplined execution and a strong customer focus, Ajman Bank is poised to contribute to sustainable economic growth across the UAE.
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