Ajman Bank has reported a profit before tax of AED 266 million for the first half of 2025, reflecting a 14% year-on-year increase, driven by sustained growth in core business operations, higher financing activity, and enhanced operational efficiency.

The announcement came following a Board of Directors meeting chaired by His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank, where key financial and administrative matters were reviewed and resolutions passed on commercial initiatives.

Ajman Bank posted a total operating income of AED 751 million, with net operating income reaching AED 399 million. Total assets surged by 17% since the end of 2024, reaching AED 26.6 billion, supported by a 16% expansion in the financing portfolio to AED 17.8 billion. Customer deposits grew by 11% year-to-date to AED 20 billion, while shareholders’ equity increased to AED 3.2 billion, up 4%.

Commenting on the results, Sheikh Ammar stated:
“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 sustainability in the UAE.”

The bank’s capital and liquidity positions remained strong. The capital adequacy ratio (CAR) stood at 17.3%, while the Tier 1 capital ratio was maintained at 16.1%. Return on equity (ROE) improved to 15.6%, and return on assets (ROA) rose to 1.9%. Liquidity metrics also showed strength, with an eligible liquid assets ratio (ELAR) of 18% and loans-to-stable resources ratio (LSRR) at 74%.

Mustafa Al Khalfawi, CEO of Ajman Bank, added:
“Our H1 results demonstrate the strength of our funding base, operational model, and balance sheet. We are committed to scaling productivity, improving cost-to-income ratios, and expanding capital access. Key achievements including the launch of a co-branded POS solution, a real-time settlement platform, and a successful global sukuk issuance highlight growing investor confidence in our trajectory.”

Asset quality also improved during the period, with the non-performing loans (NPL) ratio declining to 8.6% a 126-basis point reduction. The bank reported a 15% reduction in gross stage 2 and 3 exposures and greater portfolio diversification, with real estate exposure reduced to 32.9%.

Ajman Bank continued to invest in digital transformation, focusing on SME onboarding platforms, merchant POS enablement, and real-time processing capabilities. These initiatives aim to improve productivity, accelerate digital origination, and automate end-to-end services across key segments.

In May 2025, Ajman Bank successfully issued its debut $500 million five-year sukuk, which was listed on Nasdaq Dubai. The issuance was 5.4 times oversubscribed, with 65% allocated to regional investors and 35% to international participants reflecting strong global confidence in the bank’s outlook.

Looking ahead, Ajman Bank reaffirmed its commitment to its AED 4 billion Sustainable Finance pledge by 2030 and achieving Net Zero emissions by 2050, in alignment with Ajman Vision 2030 and the UAE’s broader sustainability goals.