Ammar bin Humaid chairs board meeting of Ajman Bank

Review of financial and administrative matters

The board discussed several financial and administrative matters, reviewed routine business activities, and issued its decisions accordingly.

Strong Q1 2025 financial performance

Ajman Bank achieved a Profit Before Tax of AED145 million in Q1 2025, reflecting a 24% year-on-year increase. The Bank also reported Net Operating Income of AED199 million, a 2% rise compared to the same period in 2024. These results reflect the bank’s focus on recoveries, cost rationalisation, and efficiency through digitisation and automation.

Robust balance sheet growth

The bank’s solid results were supported by strong balance sheet metrics:

• Total assets: AED25 billion (up 7%)
• Customer deposits: AED21 billion (up 8%)
• Total shareholder Equity: AED3.1 billion

Enhanced capital position and asset quality

Ajman Bank’s capital strength and asset quality continue to improve:

• Capital Adequacy Ratio (CAR): 18.2%
• Tier 1 Capital: 17.0%
• Return on Equity (ROE): 17.4% (up 161 bps)
• Return on Assets (ROA): 2.3% (up 49 bps)
• Non-Performing Loan (NPL) Ratio: 9.7% (down from 9.9%)

Sheikh Ammar highlights bank’s role in vision for Ajman

Sheikh Ammar praised Ajman Bank's progress, highlighting its role in shaping resilient and inclusive economies. He commended the board, management, and team for their contributions and professionalism, stating the bank's performance is not only a result of strong governance but also reflects its greater purpose and vision for the UAE’s economic success.

CEO Mustafa Al Khalfawi on transformation and future growth

Ajman Bank CEO Mustafa Al Khalfawi noted that the Q1 2025 results underline the strength of the bank’s transformation journey. He reaffirmed Ajman Bank’s focus on innovation, customer-centric services, and long-term value for shareholders. Al Khalfawi thanked the board, staff, and customers for their ongoing trust and support.

Outlook for sustainable growth

Backed by a resilient UAE economy and a strong financial foundation, Ajman Bank is well-positioned to sustain its growth trajectory and deliver long-term profitability through 2025 and beyond.