The National Bank of Umm Al Qaiwain reported net profit after tax of AED152 million for the first quarter of 2026 ended 31 March, reflecting stable performance supported by disciplined cost control and solid financial fundamentals. Moreover, the bank said it maintained a balanced strategy focused on sustainable long-term growth.
The bank added that continued diversification of its balance sheet and income streams helped support results. Additionally, efficiency measures contributed to improving operational performance during the period.
Total interest income increased 11% to AED246 million. Meanwhile, net interest income rose 4% to AED153 million, reinforcing the stability of core earnings.
Total assets stood at AED23.2 billion as of 31 March 2026. Furthermore, this represented a 1% rise from 31 December 2025 and a 24% increase compared to 31 March 2025.
Net loans and advances reached AED8.3 billion, rising 2% year on year. Additionally, customer deposits increased 34% to AED16.3 billion over the same period, strengthening the bank’s funding base.
Shareholders’ equity rose to AED6.3 billion, up 6% year on year. Moreover, the capital adequacy ratio stood at 31%, remaining well above the Central Bank’s Basel III minimum requirement.
The non-performing loans ratio reached 0.43% as of 31 March 2026. However, this compared with 0.31% as of 31 December 2025, while it remained significantly lower than 3.74% recorded in March 2025.
Strategy execution supports performance
Adnan Al Awadhi, Chief Executive Officer of NBQ, said the first-quarter results reflect continued progress in executing the bank’s strategy. Moreover, he said the bank delivered resilient results supported by strong fundamentals, effective cost management and funding initiatives, despite geopolitical uncertainty and declining benchmark interest rates.
He added that the bank maintained a strong balance sheet supported by solid liquidity and capital levels. Additionally, he said this enabled continued support for customers across key sectors while maintaining a disciplined approach to risk.
Digital focus and outlook for 2026
Al Awadhi said digital transformation remained a key priority during the quarter. Furthermore, he said the bank continued enhancing digital platforms, expanding mobile services and automating operational processes to improve efficiency and customer experience.
He reaffirmed the bank’s commitment to Emiratisation, talent development, diversity and sustainability initiatives. Moreover, he said the bank will continue investing in human capital and expanding community engagement in line with national objectives.
Al Awadhi added that risk management remains central to the bank’s operating model. Additionally, he said proactive monitoring of market developments and interest rate trends supports stability while enabling measured growth opportunities.
Looking ahead, Al Awadhi expressed cautious optimism for the remainder of 2026. As a result, he said the bank’s clear strategic direction, resilient business model and focus on innovation and customer service position it to deliver sustainable value to stakeholders.
