Ajman Bank reports Dh266 million in H1 2025 profit before tax
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 delivered a total operating income of Dh751 million, while net operating income reached Dh399 million. The bank's total assets increased by 17 per cent compared to year-end 2024 to Dh26.6 billion, supported by a 16 per cent growth in the financing portfolio to Dh17.8 billion. Customer deposits reached Dh20 billion, up 11 per cent year-to-date, reflecting continued growth across consumer and wholesale business segments. The bank's total shareholders' equity rose to Dh3.2 billion, up 4 per cent year-to-date.
Sheikh Ammar said: 'Ajman Bank continues to deliver consistent results, underpinned by a resilient business model and a focused growth strategy. Our performance in the first half of 2025 reflects disciplined execution and the Bank's 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 per cent and a Tier 1 capital ratio held firm at 16.1 per cent, notwithstanding 17 per cent growth in total financing portfolio. Return on equity (ROE) improved to 15.6 per cent (up by 29 bps), while return on assets (ROA) increased to 1.9 per cent (up by 9 bps). Ajman Bank's further strengthened strong liquidity position achieved an improved eligible liquid assets ratio (ELAR) at 18 per cent and loans-to-stable resources ratio (LSRR) at 74 per cent.
Mustafa Al Khalfawi, chief executive officer of Ajman Bank, said: 'Our first-half results demonstrate the strength of Ajman Bank's funding base, balance sheet, and operational model. We are focused on scaling platform productivity, improving cost-to-income performance, and diversifying access to capital. The successful launch of our co-branded POS solution, real-time settlement platform, and global sukuk issuance all reflect growing confidence in our trajectory.'
On the back of proactive credit portfolio management, asset quality continued to improve with the non-performing loans (NPL) ratio at 8.6 per cent (down by 126 bps), 15 per cent reduction in the aggregate of gross stage 2 & 3 exposure during H1 2025 and greater diversification achieved with the real estate ratio reduced to 32.9 per cent (down by 705 bps).
The Bank continued to advance its digital infrastructure with targeted investment in SME onboarding platforms, merchant POS enablement, and real-time processing capabilities. These improvements are enhancing productivity, accelerating digital origination, and supporting end-to-end service automation across core segments.
In May 2025, Ajman Bank successfully issued its debut $500 million 5-year sukuk. The five-year issuance, listed on Nasdaq Dubai, achieved a 5.4X oversubscription, which also evidences the great trust of 100+ regional and international investors with participation of 65 per cent and 35 per cent allocation respectively. The sukuk marks a strategic milestone in the bank's funding diversification and access to international capital markets.
Ajman Bank said it remains committed to its Dh4 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.
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