His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and chairman of the board of Ajman Bank, presided over the bank’s board of directors meeting to review key financial and administrative matters and issue resolutions related to the bank’s commercial operations.
During the meeting, Ajman Bank announced a profit before tax of AED 266 million for the first half of 2025, marking a 14 percent year-on-year increase. The bank attributed this strong performance to its continued focus on core business growth, enhanced financing activity, and improved operational efficiency.
Solid financial performance and asset growth
Ajman Bank delivered a total operating income of AED 751 million, while net operating income reached AED 399 million during the first six months of 2025. The bank’s total assets rose by 17 percent from year-end 2024 to reach AED 26.6 billion, supported by a 16 percent growth in its financing portfolio, which now stands at AED 17.8 billion.
Customer deposits increased 11 percent year-to-date to AED 20 billion, reflecting healthy momentum across both consumer and wholesale banking segments. Meanwhile, total shareholders’ equity grew by 4 percent to AED 3.2 billion, reinforcing the bank’s strong capital position.
His Highness Sheikh Ammar bin Humaid Al Nuaimi said: “Ajman Bank continues to deliver consistent results, underpinned by a resilient business model and a focused growth strategy. Our performance in the first half of 2025 reflects disciplined execution and the bank’s growing role in supporting economic development and financial sector sustainability in the UAE.”
Mustafa Al Khalfawi, CEO of Ajman Bank, said: “Our first-half results demonstrate the strength of Ajman Bank’s funding base, balance sheet, and operational model. We are focused on scaling platform productivity, improving cost-to-income performance, and diversifying access to capital. The successful launch of our co-branded POS solution, real-time settlement platform, and global Sukuk issuance all reflect growing confidence in our trajectory.”
Strong capital and liquidity ratios
Ajman Bank maintained solid capital and liquidity metrics during the period. Its Capital Adequacy Ratio (CAR) stood at 17.3 percent, with a Tier 1 Capital Ratio of 16.1 percent, despite the bank’s robust financing growth.
Key profitability indicators also improved:
- Return on Equity (ROE) rose to 15.6 percent, up 29 basis points
- Return on Assets (ROA) increased to 1.9 percent, up 9 basis points
The bank further enhanced its liquidity profile, reporting an Eligible Liquid Assets Ratio (ELAR) of 18 percent, and a Loans-to-Stable Resources Ratio (LSRR) of 74 percent.
Asset quality and risk management
Ajman Bank continued to strengthen its asset quality through proactive credit portfolio management.
- The non-performing loans (NPL) Ratio declined to 8.6 percent, down 126 basis points
- Gross Stage 2 and 3 exposures were reduced by 15 percent
- The real estate exposure ratio decreased to 32.9 percent, a drop of 705 basis points, indicating better sectoral diversification
Advancing digital transformation
The bank accelerated its digital infrastructure development with targeted investments in areas including:
- SME onboarding platforms
- Merchant POS enablement
- Real-time processing capabilities
These initiatives are driving productivity, digital origination, and end-to-end service automation, particularly across core banking segments.
Successful debut Sukuk issuance
In May 2025, Ajman Bank issued its inaugural $500 million Sukuk with a five-year maturity, listed on Nasdaq Dubai. The issuance was 5.4 times oversubscribed, attracting interest from over 100 regional and international investors — with 65 percent allocated to regional and 35 percent to international participants.
The successful issuance marks a strategic step in diversifying the bank’s funding base and enhancing its access to global capital markets.
Commitment to sustainable finance and UAE vision
Ajman Bank reaffirmed its commitment to sustainability, aligning with Ajman Vision 2030 and the UAE’s Net Zero goals. The bank remains dedicated to fulfilling its AED 4 billion “Sustainable Finance” pledge by 2030 and achieving net zero emissions by 2050.
With strong fundamentals, a clear sustainability agenda, and growing investor confidence, Ajman Bank is well-positioned to continue its growth trajectory while delivering long-term value to shareholders and customers.
