31 Days
Source:
الاتحاد
Bank of Umm Al Quwain reports 271 million AED in profits in first half of the year
The National Bank of Umm Al Quwain recorded profits of 271 million AED during the first half of 2026, with total assets increasing to 24.1 billion AED, a growth of 5% compared to the end of 2025. The bank saw a 29% increase in customer deposits, reaching 17.1 billion AED, while loans and advances rose to 8.7 billion AED, up by 4%. The bank maintained high levels of financial soundness with a capital adequacy ratio of 31%. Additionally, the non-performing loan ratio improved to 0.4% from 0.3% at the end of 2025, reflecting resilient financial performance and sustainable growth.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)