Ajman Bank reports Dhs414 million profit for first 9 months of 2025

Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank’s Board of Directors meeting to review the financial results for the nine months ended 30 September 2025 and discuss strategic priorities aimed at sustaining growth and achieving long-term value creation.

Ajman Bank reported a profit before tax of Dhs414 million, an increase of 32% compared to the same period last year, while profit after tax reached Dhs 380 million, up 31% year-on-year. Total operating income reached Dhs1.2 billion, and net operating income stood at Dhs660 million, reflecting strong performance across core business segments and disciplined execution of its growth strategy.

Sheikh Ammar said: “Ajman Bank’s performance for the first nine months of 2025 reflects the effectiveness of its strategy and its growing contribution to the UAE’s financial landscape. The Bank continues to advance its role as a catalyst for sustainable economic development and value creation across the wider community.’’

The Bank’s total assets rose by 23% since year-end 2024 to Dhs28.0 billion, supported by a 20% increase in total financing to Dhs18.5 billion. Customer deposits grew by 14% to Dhs20.6 billion, while shareholders’ equity reached Dhs3.4 billion, up 8% year-to-date, underscoring continued balance-sheet growth and stable funding momentum.

Capital and liquidity positions remained strong, with a Capital Adequacy Ratio (CAR) of 16.9% and a Tier 1 Capital Ratio of 15.8%. Return on Equity (ROE) improved to 15.6% (up by 276 bps), and Return on Assets (ROA) reached 2.0% (up by 30 bps). The Cost-to-Income Ratio stood at 44.8%, reflecting ongoing investment in technology, digital transformation, and operational efficiency.

Asset quality further improved, with the Non-Performing Loans (NPL) Ratio declining to 7.7% (down by 801 bps) and the Real Estate Ratio reduced to 31.9% (down by 219 bps), supported by effective credit-risk management and portfolio diversification.

Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, said: “Our nine-month results demonstrate Ajman Bank’s operational strength and consistent delivery against strategic priorities. We continue to focus on enhancing efficiency, optimizing our balance sheet, and expanding our digital ecosystem to drive sustainable growth and long-term stakeholder value.’’

Ajman Bank continues to advance its sustainability and innovation agenda in alignment with Ajman Vision 2030 and the UAE’s national economic transformation goals. The Bank remains committed to its Dhs4 billion Sustainable Finance pledge by 2030 and Net Zero Emission target by 2050, reinforcing its vision to create a lasting, positive impact on the economy and society.

Ajman Bank has recently announced a strategic partnership with DXC Technology, a leading Fortune 500 global technology services provider, to design and implement a comprehensive Data and Advanced Analytics Platform that will empower the Bank to drive innovation, enhance decision-making, and accelerate its digital transformation journey.

The initiative will provide Ajman Bank with a unified and trusted data foundation, enabling real-time integration, advanced analytics, and large-scale adoption of artificial intelligence (AI). By establishing this intelligent data ecosystem, the Bank will enhance efficiency, elevate customer experience, and strengthen regulatory governance.

Salem Al Shamsi, Chief Operating Officer of Ajman Bank, said: “At Ajman Bank, operational excellence is the foundation of every innovation we pursue. Our collaboration with DXC Technology represents a strategic step toward building a robust data and analytics ecosystem that drives agility, transparency, and intelligent decision-making across the organization. This platform will strengthen our digital backbone, enhance regulatory efficiency, and enable us to deliver smarter, faster, and more personalized services to our customers”.

Separately, Ajman Bank has announced a strategic collaboration during Gitex Global 2025 with Lune Technologies, an Emirati data intelligence company specializing in AI-powered financial analytics, to provide customers with smarter insights and greater control over their financial wellbeing.

The partnership introduces advanced Transaction Data Enrichment and Personal Finance Management (PFM) solutions, now available through the Ajman Bank mobile application.

Faizal Kundil, Head of Consumer Banking at Ajman Bank, said: “At Ajman Bank, innovation lies at the heart of our mission to deliver world-class banking experiences. Our partnership with Lune represents a major step in equipping our customers with the tools they need to understand, manage, and optimize their finances. This initiative reflects our vision to be at the forefront of digital banking transformation in the UAE”.

WAM/ Agencies