United Arab Bank Reports Strong Financial Results, Signaling Robust Growth in a Dynamic Economic Environment
SHARJAH (WAM) – United Arab Bank PJSC (UAB) recently unveiled its financial results for the first half of 2025, showcasing a substantial increase in profitability and total income. The bank reported a net profit of AED 208 million, a remarkable 50% increase compared to AED 139 million over the same period last year. This performance reflects UAB’s robust operational strategies amid a shifting economic landscape.
The institution’s total income also demonstrated strong growth, rising by 24% year-on-year to AED 374 million. This impressive performance is attributable to the bank’s strategic focus on enhancing its asset quality, disciplined risk management practices, and an overarching goal to align with the economic agenda of the United Arab Emirates (UAE).
The financial results underscore the bank’s strengthening balance sheet, bolstered by an 11% rise in total assets since December 2024. This growth not only illustrates UAB’s capacity for sound financial management but also its potential to navigate future challenges in the financial sector.
Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Directors of UAB, remarked, “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.” His words reflect the bank’s commitment not only to its shareholders but also to the broader mandate of contributing positively to the UAE’s economic landscape.
Looking forward, Sheikh Mohammed emphasized UAB’s unwavering commitment to creating lasting value for stakeholders while adhering to innovation, digital transformation, and operational excellence. Such assertions play a vital role in building trust and subsequent investment in the bank, especially in a global market that is increasingly influenced by technological advancements and changing consumer behaviors.
Further shedding light on the bank’s growth trajectory, UAB’s Chief Executive Officer, Shirish Bhide, attributed the impressive results to efficient operational performance and a growing impact from the bank’s transformation initiatives. “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 stated.
His commitment to enhancing UAB’s digital capabilities and delivering innovative products is pivotal in today’s rapidly evolving banking sector. The alignment of products with customer needs—fueled by technology—has become a cornerstone of successful banking operations, ensuring UAB remains relevant in a competitive landscape.
Significantly, UAB is in the process of enhancing its capital base through a Rights Issue aimed at raising up to AED 1.03 billion from its existing shareholders. This capital injection will potentially increase the bank’s total share capital to AED 3.09 billion, contingent on regulatory approvals. The move is evidenced by a strategic intention to bolster the bank’s capital adequacy and enhance its resilience against any adverse macro-financial shocks.
Capital adequacy has become a crucial focus for banks operating in the Gulf region, especially in light of recent economic fluctuations. By proactively seeking to strengthen its capital base, UAB is not only preparing itself for future asset growth but also positioning itself to achieve its strategic and financial objectives.
As the financial and economic ecosystem of the UAE continues to evolve, driven by vision-driven policies and a robust legal framework, institutions like UAB play a critical role in fostering a resilient banking environment.
In conclusion, UAB’s mid-year financial results are not just a representation of its past performance but a promising indicator of the bank’s potential for future growth and sustainability. With a clear focus on strategic discipline, innovation, and governance, United Arab Bank is set to navigate the dynamic landscape of the banking sector, reinforcing its commitment to the UAE’s economic progress while creating enduring value for all stakeholders involved.
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