Post by : Mariam
Al-Faris
Photo: WAM
United Arab Bank PJSC (UAB) has announced its financial results for the first half of 2025, showing strong performance. The bank posted a net profit of AED 208 million for the six months ending 30th June 2025, a significant increase compared to AED 139 million during the same period last year. This marks a 50% year-on-year (YoY) rise in net profit. Additionally, the bank’s total income rose by 24% YoY to AED 374 million, reflecting its growth and successful strategies.
Growth in Assets and Strategic Risk Management
The increase in net profit is mainly attributed to the strong growth in total assets, which rose by 11% from December 2024. UAB has focused on maintaining strict risk management policies, which have contributed to the solid results. The bank has ensured that its balance sheet remains strong by prioritizing high-quality assets and maintaining capital resilience.
These results show that UAB is on a strong growth path and is prepared for future development, both in terms of profitability and sustainability.
Chairman’s Statement on UAB’s Performance
Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Directors of United Arab Bank, expressed pride in the bank’s performance. He emphasized that the bank’s exceptional results for the first half of 2025 were proof of the effectiveness of their strategic vision and governance framework.
He further stated, “The bank’s remarkable financial performance underscores the strength of our strategy and governance. Looking ahead, we remain fully committed to supporting the UAE’s economic agenda. We aim to create lasting value for all stakeholders, driving innovation, digital transformation, and operational excellence.”
CEO Highlights Operational Strength
Shirish Bhide, the CEO of United Arab Bank, shared his thoughts on the bank’s first-half results. He said that the strong performance showed the effectiveness of the bank’s operational management and transformation efforts. He pointed out that the significant growth in both profitability and total assets reflected the success of UAB’s strategic initiatives and its focus on customer value, efficiency, and responsible risk-taking.
Bhide also mentioned, “We are committed to expanding our digital capabilities and introducing new, innovative products. We will continue to strengthen our control environment, ensuring that everything we do centers around providing excellent service to our customers.”
UAB’s Capital Enhancement Plans
Looking towards the future, UAB is working on enhancing its capital base. The bank plans to raise up to AED 1.03 billion through a Rights Issue, which will be offered to existing shareholders. If successful, this capital increase will raise the bank’s total share capital to AED 3.09 billion, subject to necessary regulatory approvals.
This capital injection will improve UAB’s capital adequacy, which will make the bank more resilient to any economic or financial challenges. It will also provide the bank with the financial strength to support its growth and help it achieve its long-term strategic goals.
Focus on Future Growth and Resilience
The bank’s leadership continues to focus on ensuring its strong future growth. By enhancing its capital structure and boosting financial resilience, UAB aims to navigate any future economic changes with ease. The additional capital will allow the bank to continue expanding its assets and improve its ability to support customer needs in the UAE and beyond.
UAB’s continued focus on disciplined risk management, customer-centered services, and innovative solutions sets the stage for further success. As part of its ongoing transformation, the bank will keep introducing new products, improving its digital platforms, and maintaining a high level of customer service.
Strategic Vision and Commitment to Stakeholders
Sheikh Mohammed bin Faisal Al Qassimi’s statement reiterated the bank’s commitment to its stakeholders. He emphasized that the UAE’s banking sector plays an essential role in the country’s economic development. As such, UAB’s leadership is focused on creating value for customers, employees, and shareholders alike.
The bank’s strategy is centered around discipline, resilience, and forward-thinking approaches. The focus on digital transformation and operational excellence is intended to ensure that UAB continues to be a competitive player in the banking sector, with the ability to meet the ever-changing needs of its customers.
UAB’s Transformation and Future Prospects
The results for the first half of 2025 reflect the impact of UAB’s transformation efforts. Under the leadership of Shirish Bhide and Sheikh Mohammed, the bank has successfully navigated the challenges of the banking industry while making significant strides in innovation. UAB’s ability to balance growth with risk management has positioned it well for continued success in the second half of 2025 and beyond.
The bank is committed to staying ahead in a rapidly evolving financial landscape. By focusing on customer satisfaction, digital enhancements, and prudent risk-taking, UAB is building a solid foundation for sustainable growth.
Strong Financial Foundation for UAB’s Growth
United Arab Bank’s financial performance for the first half of 2025 reflects a period of strong growth and operational success. The 50% increase in net profit, along with a 24% rise in total income, showcases the effectiveness of the bank’s strategies in asset management and risk control.
Looking forward, the planned capital increase and continued investment in digital innovation are expected to drive further growth for UAB. The bank’s disciplined approach to business, alongside its focus on customer value, positions it as a leader in the UAE’s banking sector.
By building on its solid foundation, UAB is preparing for continued success in the future, reinforcing its role as a key player in the UAE’s economic development.
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