Ajman: H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank's Board of Directors meeting on Tuesday to review key financial and administrative matters, and issue resolutions on commercial activities. Ajman Bank announced a profit before tax of AED266 million for the first half of 2025, marking a 14 percent increase compared to the same period in 2024, driven by sustained focus on core business performance, increased financing activity, and improved operational efficiency.
According to Emirates News Agency, Ajman Bank delivered a Total Operating Income of AED751 million, while net operating income reached AED399 million. The Bank's total assets increased by 17 percent compared to year-end 2024 to AED26.6 billion, supported by a 16 percent growth in the financing portfolio to AED17.8 billion. Customer deposits reached AED20 billion, up 11 percent year-to-date, reflecting continued growth across Consumer and Wholesale business segments. The Bank's total shareholders' equity rose to AED3.2 billion, up 4 percent year-to-date.
H.H. Sheikh Ammar bin Humaid Al Nuaimi stated that Ajman Bank continues to deliver consistent results, underpinned by a resilient business model and a focused growth strategy. The Bank's performance in the first half of 2025 reflects disciplined execution and its growing role in supporting economic development and financial sector sustainability in the UAE.
Ajman Bank's capital and liquidity metrics remained strong, with a Capital Adequacy Ratio (CAR) of 17.3 percent and a Tier 1 Capital Ratio held firm at 16.1 percent. Return on Equity (ROE) improved to 15.6 percent, while Return on Assets (ROA) increased to 1.9 percent. The Bank's liquidity position achieved an improved Eligible Liquid Assets Ratio (ELAR) at 18 percent and Loans-to-Stable Resources Ratio (LSRR) at 74 percent.
Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, emphasized the strength of the Bank's funding base, balance sheet, and operational model, highlighting efforts to scale platform productivity, improve cost-to-income performance, and diversify access to capital. The successful launch of the co-branded POS solution, real-time settlement platform, and global Sukuk issuance reflect growing confidence in the Bank's trajectory.
Asset quality continued to improve with the Non-Performing Loans (NPL) Ratio at 8.6 percent, and a reduction in the aggregate of Gross Stage 2 and 3 exposure during H1 2025. The Real Estate Ratio was reduced to 32.9 percent, showing greater diversification.
The Bank advanced its digital infrastructure with investments in SME onboarding platforms, merchant POS enablement, and real-time processing capabilities, enhancing productivity, accelerating digital origination, and supporting end-to-end service automation.
In May 2025, Ajman Bank issued its debut USD 500 million 5-year Sukuk, listed on Nasdaq Dubai, achieving a 5.4X oversubscription. The Sukuk marks a strategic milestone in the Bank's funding diversification and access to international capital markets.
Ajman Bank remains committed to its AED4 billion 'Sustainable Finance' pledge by 2030 and 'Net Zero Emission' by 2050, aligning its long-term strategy with Ajman Vision 2030 and the UAE's broader sustainable growth framework.
