Dubai, UAE — July 2026 — United Arab Bank has announced its financial results for the six-month period ended June 30, 2026, posting a net profit of AED 201 million ($54.7 million) for the first half of the year — up 19 percent year-on-year and 68 percent compared to the previous quarter.
The results were driven by a 13 percent year-on-year increase in total operating income, reflecting disciplined execution of the bank’s strategy, strong asset growth, and prudent risk management amid global market volatility and regional geopolitical uncertainty.
Total assets reached AED 28 billion, up 16 percent year-on-year, supported by strong growth in loans, advances and Islamic financing, which rose 14 percent to AED 15.3 billion. Investments grew 25 percent to AED 8.3 billion, while customer deposits increased 16 percent year-on-year to AED 18.2 billion.
Asset quality indicators remained solid, with the non-performing loans ratio at 2.7 percent and a provision coverage ratio of 101 percent. The bank also maintained a strong capital and liquidity position, with an advances-to-stable-resources ratio of 73 percent and an eligible liquid assets ratio of 17 percent. Its capital adequacy ratio stood at a robust 21.1 percent, with a Tier 1 capital ratio of 17.2 percent — both well above regulatory requirements.
Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, chairman of United Arab Bank, described the first half of 2026 as an important milestone in the bank’s development journey. He said the results achieved demonstrate how strategic investments have translated into advanced operational performance and sustained business momentum.
He noted that this success is the fruit of a comprehensive transformation program implemented during 2025, which focused on strengthening the capital base, applying the highest governance standards, and accelerating digital transformation — building on the foundations for growth laid in 2024.
This, he said, reflects the strength of the bank’s business model and its ability to move forward with flexibility and efficiency amid a global environment marked by market volatility and ongoing regional challenges.
Sheikh Mohammed added that the UAE continues to reinforce its position as one of the world’s most competitive economies, underpinned by an ambitious development vision and a firm approach to economic diversification and innovation support, generating fresh opportunities for business and investment.
He emphasized the bank’s commitment, as a national banking institution, to deploying its capabilities and resources responsibly and efficiently to support economic activity, empower entrepreneurs and companies, and contribute to strengthening the resilience of the national economy — reinforcing UAB’s position as a strategic banking partner to its clients.
He also pointed to the affirmation of the bank’s investment-grade credit ratings by Moody’s and Fitch as independent evidence of its credibility and the solid foundations underpinning its progress, adding that the bank’s future ambitions go beyond strong financial results, toward building a more resilient and innovative banking institution — one grounded in trust, leveraging technology to enhance the value it delivers, and contributing to the UAE’s economic growth and prosperity while creating sustainable long-term value for shareholders.
For his part, Shirish Bediye, chief executive officer of United Arab Bank, said the first half 2026 results reflect the bank’s success in converting investments made in the previous phase into operational performance that reinforces its growth trajectory.
He noted that growth in operating revenues, expansion of the financing and investment portfolio and customer deposits, and the maintenance of asset quality and a strong capital base all confirm the effectiveness and efficient execution of the bank’s strategy — as well as its ability to meet the diverse needs of clients across corporate, business and retail banking segments.
The CEO added that the bank continues to build on the transformation journey launched in 2025 to elevate the customer experience through enhanced digital capabilities, the development of modern payment solutions, and expanded technology partnerships, making services more accessible, efficient and responsive to customer needs.
He said these investments are enabling the bank’s teams to deliver more tailored and relevant financial solutions that add value across different customer segments.
Bediye concluded by reaffirming the bank’s commitment to its future strategic priorities — diversifying products and services, expanding digital capabilities, and strengthening partnerships — to keep pace with evolving requirements and support households and businesses across the UAE, with the goal of translating innovation into added value, cementing long-term customer relationships, and ensuring sustainable value for shareholders despite ongoing regional challenges.
