UAB’s profits fall to AED 75m in Q1-26

UAB
UAB 2.21% 1.39 0.03

Abu Dhabi – Mubasher: The net profits after tax of United Arab Bank (UAB) declined to AED 75.06 million in the first quarter (Q1) of 2026 from AED 101.56 million in Q1-25.

The basic earnings per share (EPS) dropped to AED 0.02 in January-March 2026, compared to AED 0.05 a year earlier, according to the financial results.

Total operating income reached AED 192.60 million in Q1-26, up 16% year-on-year (YoY) from AED 165.38 million.

Likewise, the total assets jumped by 15% YoY to AED 27 billion at end-March 2026.

The CEO of UAB, Shirish Bhide, commented: "In a quarter that saw a difficult period for the region, UAB delivered robust top-line and operating profit growth vis-à-vis the same period in 2025. This impressive growth reflects the business momentum we have built and our disciplined approach to risk management and expense control.”

The CEO revealed : “In line with our commitment to being closer to our customers and communities, we added a new branch in the Festival City Mall in Dubai and will soon be opening another branch in Abu Dhabi.”

The ADX-listed lender closed 2025, with net profits after tax valued at AED 437.85 million.

Source: Mubasher Source: {{details.article.source}}