Ajman Bank delivered a 24 percent increase in profit before tax for the first quarter of 2025, reaching Dh 145 million. The bank’s net operating income climbed to Dh 199 million, driven by improved recoveries, cost controls, and ongoing investments in digital and automation initiatives.
Balance Sheet Expansion
The lender’s total assets grew by 7 percent year‑on‑year to Dh 25 billion, while customer deposits rose 8 percent to Dh 21 billion. Shareholder equity stood at Dh 3.1 billion, reflecting the bank’s solid funding base and capacity for further growth.
Robust Capital and Asset Quality
Ajman Bank maintained a healthy capital adequacy ratio of 18.2 percent, with Tier 1 capital at 17.0 percent, well above regulatory minimums. Profitability metrics also improved, with return on equity at 17.4 percent and return on assets at 2.3 percent. The non‑performing loan ratio tightened to 9.7 percent, down from 9.9 percent at year‑end 2024.
Leadership Commentary
Sheikh Ammar bin Humaid Al Nuaimi, Chairman of Ajman Bank, said,
“These results underscore our vision for a resilient and inclusive economy. Guided by strong governance and national values, we remain committed to responsible growth and delivering sustainable value to our stakeholders.”
Mustafa Al Khalfawi, Chief Executive Officer, added,
“Our Q1 performance reflects the success of our transformation journey. By focusing on innovation, customer‑centric solutions and operational excellence, we are well‑positioned to support the UAE’s economic ambitions and the future of Islamic finance.”
Key Points:
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Profit before tax: Dh 145 million, up 24 percent year‑on‑year
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Net operating income: Dh 199 million, a 2 percent increase
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Total assets: Dh 25 billion, up 7 percent
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Customer deposits: Dh 21 billion, up 8 percent
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Capital adequacy ratio: 18.2 percent (Tier 1: 17.0 percent)
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Return on equity: 17.4 percent (up 161 bps); Return on assets: 2.3 percent (up 49 bps)
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Non‑performing loans: Improved to 9.7 percent from 9.9 percent
