Wednesday, October 29, 2025
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United Arab Bank reports 49% rise in nine-month profit

Bank’s total income grew 28% to AED 580mn

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DUBAI: United Arab Bank (UAB) has reported robust financial results for the first nine months of 2025, posting a net profit of AED 316 million—a 49 per cent year-on-year increase compared to AED 212 million during the same period in 2024.

The bank’s total income grew 28 per cent YoY to AED 580 million, reflecting significant growth in total assets, including loans, advances, Islamic financing, and its investment portfolio.

The bank’s capital position was further strengthened following a fully subscribed rights issue, which increased its issued and paid-up capital by 50 per cent to AED 3.094 billion, underlining strong shareholder confidence.

UAB received an upgraded ‘Baa2’ rating from Moody’s, and recognition of improved financial and credit profiles from both Fitch and Capital Intelligence, following enhanced asset quality, profitability, and solvency metrics.

Commenting on the results, CEO Shirish Bhide attributed the strong performance to disciplined execution of growth strategies, prudent risk management, and a focus on sustainable value for all stakeholders. Marking the bank’s 50th anniversary, UAB also unveiled a refreshed brand identity under the slogan “United for You,” reaffirming its commitment to customer-centric, innovative financial services.

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