Ajman:H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Directors of Ajman Bank, presided over a board meeting where the bank's financial results for the first nine months of 2026 were discussed. The meeting was attended by key figures including Sheikh Rashid bin Humaid Al Nuaimi, Vice Chairman of the Bank's Board, and Mustafa Al Khalfawi, CEO of Ajman Bank.

According to Wam, Ajman Bank reported a resilient performance with total revenue rising to AED 1.35 billion, a 12% increase from the previous year. Net revenue also saw a 2% year-on-year increase, reaching AED 670 million. Operating profit before impairment was recorded at AED 340 million, while net profit before tax stood at AED 352 million, highlighting the bank's continued business momentum and strategic financial management.

Sheikh Ammar emphasized the bank's alignment with Shari'ah principles and its focus on sustainable growth and responsible banking. CEO Mustafa Al Khalfawi noted the bank's strategic execution and record quarterly revenue, driven by growth in customer financing and improvements in asset quality. The bank aims to enhance customer experience and operational excellence through investments in automation and digitalisation.

Ajman Bank's balance sheet continued to strengthen, with total assets increasing to AED 35.8 billion and customer financing growing to AED 24.1 billion. The bank’s total deposits reached AED 28.4 billion. The bank also reported growth in current account and savings account balances, and an increase in total shareholder equity to AED 4.4 billion. A significant milestone was the issuance of a USD 300 million Additional Tier 1 Perpetual Non-Call 5.5-Year Sukuk, marking the bank's inaugural Additional Tier 1 capital issuance.

The bank's profitability ratios were reported at 1.3% for Return on Assets and 11.0% for Return on Equity, while the Non-Performing Financing ratio improved to 5.0%. Ajman Bank remains committed to strengthening its financial position and delivering Shari'ah-compliant solutions to meet the evolving needs of its clients, supporting sustainable economic growth in the UAE.