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Sharjah24
Investment bank reports 61% profit rise in early 2026
The investment bank achieved strong financial performance during the first half of 2026, with pre-tax profits increasing by 61% year-over-year to reach AED 80.5 million. This was driven by improved net interest margins and increased fee and commission income, along with an expansion of the balance sheet, which reached AED 16.1 billion—a 27% increase compared to the previous year. The bank also experienced significant growth in customer deposits, reaching AED 13.3 billion with a 30% rise, and in net loans, which grew to AED 8.8 billion, up 49%. The year 2026 was marked by the launch of the bank's new identity and a credit rating of "BBB+" with a stable outlook, reflecting the strength of its financial position and the sustainability of its performance.
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