H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank’s Board of Directors, chaired the latest board meeting at the bank’s headquarters. The session was attended by Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department of Ajman and Vice Chairman of Ajman Bank. The meeting addressed an array of financial and administrative matters while reviewing routine business progress and issuing relevant decisions.
Strong Financial Results Reflecting Continued Momentum
Ajman Bank reported a robust Profit Before Tax of AED145 million for Q1 2025, marking a significant 24% increase compared to the same period last year. Net Operating Income climbed to AED199 million, a 2% growth, underlining the bank’s solid core business performance. The figures highlight Ajman Bank’s strategic focus on strong recoveries, operational cost optimisation, and digital transformation through advanced IT infrastructure.
Additionally, the bank posted notable balance sheet growth, with Total Assets expanding to AED25 billion — a 7% rise — and Customer Deposits increasing to AED21 billion, up by 8%. Total Shareholder Equity stood strong at AED3.1 billion. Ajman Bank’s capital adequacy and asset quality continued to improve, with the Capital Adequacy Ratio (CAR) reaching 18.2% and Tier 1 Capital at 17.0%. The bank’s Return on Shareholder Equity (ROE) climbed to 17.4%, while Return on Assets (ROA) improved to 2.3%. The Non-Performing Loan (NPL) ratio also declined to 9.7%, down from 9.9% at the end of 2024.
Leadership Highlights Vision for Sustainable Growth
Commenting on the results, H.H. Sheikh Ammar bin Humaid Al Nuaimi stated, “The progress of Ajman Bank reflects the strength of our vision for Ajman’s future and the pivotal role financial institutions play in shaping resilient and inclusive economies. As the banking sector continues to evolve, Ajman Bank stands at the forefront — guided by sound governance, national values, and a commitment to responsible growth.”
Ajman Bank’s CEO, Mustafa Al Khalfawi, also remarked on the strong quarterly performance, emphasising the bank’s focus on transformation and long-term value creation. “Our Q1 2025 results reflect the strength of our ongoing transformation and our ability to deliver consistent, value-driven performance. We remain focused on customer-centric innovation, human capital, and long-term shareholder value,” he said. Al Khalfawi also praised the dedication of the bank’s team and the trust of its customers, reaffirming Ajman Bank’s alignment with the UAE’s vision for economic resilience and progress.
With a stable financial foundation and continued investment in digital solutions and human capital, Ajman Bank is well-positioned to sustain its growth trajectory throughout 2025 and into the future.
