United Arab Bank reported a 6% rise in net profit for the first nine months of 2026, supported by higher operating income, cost controls and reversals of impairment charges following the resolution of delinquent loans.
The Sharjah-based lender’s net profit reached AED 333 million ($90.7 million) for the nine months ended Sept. 30. Operating income rose 12% year on year.
Total assets increased 16% to AED 28 billion, while loans, advances and Islamic financing grew 12% to AED 16 billion. Investments rose 23% to AED 9 billion, and customer deposits climbed 27% to AED 18 billion.
The bank’s non-performing loan ratio fell to 0.5% from 2.7% at the end of June, while provision coverage rose to 338% from 101%.
UAB reported an advances-to-stable-resources ratio of 72%, an eligible liquid asset ratio of 15%, a capital adequacy ratio of 20.7% and a common equity Tier 1 ratio of 16.8%.
Chief Executive Officer Shirish Bhide said the bank would focus on digital transformation, operational efficiency, customer experience and risk management to support sustainable growth.
The bank also said it ranked 10th globally among its peer group in Forbes’ World’s Top Performing Banks 2026 ranking.
