Ajman Bank reports pre-tax profit of Dhs145 million in Q1

Ajman Bank achieved a "Profit Before Tax" of Dhs145 million in QI of 2025, reflecting a 24 per cent increase.

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The Bank reported the Net Operating Income of Dhs199 million, up by 2 per cent for Ql of 2025, reflecting continued strength in core business performance with continued focus on strong recoveries, cost rationalisation, increasing efficiencies through digitisation and automation of IT infrastructures.

Sheikh Ammar Bin Humaid AI Nuaimi, Crown Prince of Ajman and Chairman of Board of Ajman Bank, chaired the bank's board meeting, also attended by Sheikh Rashid bin Humaid AI Nuaimi, Chairman of the Municipality and Planning Department of Ajman and Vice Chairman of the Bank's Board.

During the meeting held at Ajman Ruler's Court, the board discussed several financial and administrative matters, reviewed routine business activities, and issued its decisions accordingly.

These strong results are underpinned by a robust balance sheet growth, with Total Assets reaching ADhs25 billion (up by 7 per cent), Customer Deposits rising to Dhs21 billion (up by 8 per cent), and Total Shareholder Equity standing at Dhs3.1 billion (as compared to 2024 year end).

The Bank's capital position and asset quality continue to demonstrate solid improvement yearon-year as well as on a sequential quarterly basis.

The Capital Adequacy Ratio (CAR) stood at 18.2 per cent with Tier | Capital at 17.0 per cent per cent.