ع
National Bank of Umm Al Quwain announced a net profit after tax of Dhs271 million for the six months ended June 30 according to a statement from the bank. The lender recorded interest income of Dhs503 million in the period while net interest income edged up to Dhs310 million from Dhs309 million in the first half of 2025. The results come as the UAE banking sector continues to demonstrate resilience with several institutions posting gains amid economic expansion.
The bank said in the statement that total assets had reached Dhs24.1 billion by the end of June reflecting a 5 percent increase from December 2025. Net loans and advances stood at Dhs8.7 billion after a 4 percent rise year on year while customer deposits climbed 29 percent to Dhs17.1 billion over the same timeframe. These balance sheet metrics underscore the institution’s ability to attract funding and deploy capital effectively in a competitive market.
Shareholders’ equity grew to Dhs6.4 billion representing a 3 percent increase from June 2025 the statement showed. The bank’s capital adequacy ratio stood at 31 percent well above minimum Basel III requirements. Its non-performing loans ratio improved markedly to 0.4 percent compared with 2.2 percent a year earlier and 0.3 percent at the end of 2025.
A statement from the bank quoted chief executive Adnan Al Awadhi as crediting the performance to ongoing efforts in business diversification prudent risk management and continued investment in digital capabilities. The executive also pointed to the bank’s commitment to Emiratisation and sustainability as integral elements of its long-term strategy. Such priorities align with broader regulatory expectations across the UAE financial sector.
Central Bank of the UAE data released in recent months placed aggregate assets of banks operating in the country at AED 5.556 trillion in the first quarter of 2026 after a 17.7 percent year-on-year expansion. An Alvarez & Marsal assessment of UAE banks for the same quarter found lending growth had accelerated to 5.8 percent on a quarterly basis while aggregate net income rose 11.1 percent over the prior three-month period. These sector-wide trends provide context for individual institutional results such as those published by NBQ.
Sharjah Islamic Bank separately reported a 15.3 percent increase in net profit to Dhs804 million for the first half of 2026 according to figures circulated by the institution. Dubai Islamic Bank posted revenue growth of 10 percent in the same period with improvements in asset quality the bank indicated in its own disclosures. NBQ’s announcement adds to the steady flow of positive updates from UAE lenders through the first six months of the year.
