Mashreq Bank reported a net profit after tax of AED1.927 billion for the first quarter of 2026, up from AED1.792 billion in the same period of 2025, marking an 8 percent year-on-year increase. Net profit before tax stood at AED2.28 billion, reflecting a 9 percent annual rise.
In a statement issued today, the bank said revenues reached AED3.426 billion in Q1 2026, compared to AED3.12 billion a year earlier, representing growth of 10 percent.
Total assets climbed to AED344.305 billion by the end of March 2026, up from AED272.703 billion in the corresponding period of 2025, indicating a 26 percent increase. Customer loans rose 33 percent to AED167.697 billion, while customer deposits grew 23 percent year-on-year to AED210.171 billion.
Net interest income and income from Islamic financing increased by 4 percent to AED2.038 billion in Q1 2026. Meanwhile, non-interest income surged 20 percent to AED1.388 billion, accounting for 41 percent of total revenues.
The bank’s capital adequacy ratio stood at 15.8 percent at the end of March 2026, while the Tier 1 capital ratio reached 14.5 percent, both comfortably above regulatory thresholds.
Abdulaziz Al Ghurair, Chairman of Mashreq, noted that the first quarter of 2026 saw heightened geopolitical developments across the region, while underscoring the resilience of the UAE and wider GCC economies, as well as the robustness of their financial systems in maintaining stability and confidence during uncertain periods.
He added that prudent fiscal policies, coupled with the UAE’s strong economic position and continued expansion of non-oil sectors, have reinforced the banking sector’s ability to operate from a position of strength, supported by ample liquidity, solid capital buffers, and operational continuity, thereby strengthening its role in driving economic activity across cycles.
Ahmed Abdelaal, Group Chief Executive Officer of Mashreq, said the quarter was shaped by an evolving operating environment, with the bank prioritising transparency and ensuring uninterrupted services for customers across the region.
He added that despite prevailing challenges, Mashreq delivered a net profit before tax of AED2.3 billion, with non-interest income contributing 41 percent of total revenues, highlighting the growing strength and diversification of its business model and its increasing reliance on customer-driven activity.
