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Mashreq Bank said in a statement that it recorded net profit after tax of Dh4.048 billion in the first half of 2026, an increase of 17 percent from the same period in 2025. Profit attributable to owners reached Dh3.955 billion while earnings per share rose to Dh19.2 from Dh16.4 a year earlier. The Dubai-based lender also posted a record pre-tax profit of Dh4.805 billion, up 18 percent year on year, on the back of operating income that totalled Dh6.826 billion.
According to the bank’s statement, net interest and Islamic financing income advanced 7 percent to Dh4.225 billion while non-interest income climbed 17 percent to Dh2.601 billion, making up 38 percent of total operating income. Fees and commissions grew 11 percent to Dh716 million, net investment income jumped 57 percent to Dh335 million and insurance, foreign exchange together with other income increased 13 percent to Dh1.551 billion. The statement placed operating expenses at Dh2.144 billion, producing a cost-to-income ratio of 31 percent as the bank continued investments in artificial intelligence and digital infrastructure.
Mashreq’s asset quality remained robust with the non-performing loans ratio holding steady at 0.9 percent and the coverage ratio improving to 271 percent from 210 percent in the prior period, the statement showed. Total assets stood at Dh365.7 billion at the end of June, reflecting 25 percent growth from a year earlier. Customer deposits expanded 28 percent to Dh227.2 billion while loans and advances rose 26 percent, demonstrating broad momentum across the balance sheet.
The statement attributed the performance to the resilience of the UAE economy and the effectiveness of the bank’s diversified business model. Group chairman Abdul Aziz Al Ghurair highlighted how the bank’s strategy had delivered these outcomes in a challenging global environment. Group chief executive Ahmed Abdelaal pointed to the focus on growth initiatives and technology deployment that would continue through the second half of the year.
This set of results arrives as other major UAE corporates report solid first-half figures, with e& posting 11.6 percent revenue growth to AED38.1 billion in the same period according to industry updates carried on UrduPoint. Mashreq’s expansion aligns with sustained demand for banking services amid the UAE’s ongoing economic diversification. The lender’s emphasis on non-interest income streams and digital capabilities mirrors wider sector trends that have supported profitability across regional institutions.
Further detail in the statement underlined that the bank would maintain its prudent approach to risk while pursuing opportunities in core markets. The improvement in provision coverage provides additional buffer against potential volatility. These metrics position Mashreq to sustain momentum as it enters the final six months of 2026.
