Significant jump for Ajman Bank above its first-quarter showing for 2025. The bank registered a pre-tax profit of AED 145 million, which represents an increase of 24 percent year-on-year since the respective period. The announcement followed a meeting presided over by His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank. A more detailed research here could investigate the role of Ajman Bank in the economy of Ajman. Ajman Bank provides services according to Shari’ah principles. Meanwhile, the bank is moving to use technology, to be able to improve the efficiency level of Ajman Bank.
Board Meeting Highlights
Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department of Ajman and Vice Chairman of the Bank’s Board, was also present at the Board meeting, which was hosted at Ajman Ruler’s Court. A couple of those who waved discussed financial and administrative matters, normal business operations, and confirming the issuance of the decisions.
Sales and profits for 2007 were a record, but performance light years shy of projections.
Ajman Bank’s Q1 2025 Financial Result Highlights Net Operating Income at AED 199 million
reflects strength in core business, the bank said in a statement. This is ascribed to continued emphasis on recoveries, cost rationalization, and efficiencies from digitization/automatization of IT infrastructure.On the balance sheet side, numbers also show some decent growth for the bank. The balance sheet remained robust, with Total Assets up 7% Y-o-Y to AED 25 billion and Customer Deposits up 8% Y-o-Y to AED 21 billion—Total Shareholder Equity (TSE): AUD 3.1 billion, as expected at the end of 2024.
Key Ratios & Signposts to Look Out For
Gradual asset quality improvement and additional capital position progress for Ajman Bank The combined Capital Adequacy Ratio (“CAR”) stands at 18.2% (after net profit appropriations for the period to retain an ample buffer of Tier 1 Capital at 17.0%). The return on shareholder equity (ROE) was recorded at 17.4%, an increase of 161 basis points, and the return on assets (ROA) landed at 2.3%, a growth of 49 basis points. The NPL Ratio further improved to 9.9% at year-end 2024 compared.
Leadership Perspectives
His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank said: “The progress of Ajman Bank is further evidence of the correctness of our vision for the future of Ajman and the fundamental role of financial institutions in building resilient and inclusive economies. Under this careful nurturing of the national attributes of the Emirates, Ajman Bank has set the pace as the banking sector transitions towards national identity, national development, and nationals that behave to grow responsibly and sensitively with a partnership of thousands of years between local and global. It is both a harbinger of that accomplishment — and a sign of performance and purpose. My sincere congratulations to the Board of Directors, the management, and, of course, all our team members for the hard work and professionalism they continue to demonstrate and that keep on pushing us forward and, in the end, help in making the greater success of the United Arab Emirates wiser.”
For Ajman Bank, Q1 2025 financial results show it to be a great quarter. Ajman Bank’s Q1 results provide more specific numbers regarding its income and asset totals.
Ajman Bank attributed its contribution to UAE economy & the statement was made by the leadership team of Ajman Bank. Ajman Bank discloses customer deposit and shareholder equity numbers. The figures indicate that Ajman Bank expanded.
The future outlook as indicated by Ajman Bank clear performance is expected to continue. Ajman Bank is a Shari’ah-compliant bank. This clarifies the scope of operational for Ajman Bank. Economic development enhancement activities are done by Ajman Bank
Mr. Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, commenting on Ajman Banks Q1 2025 results, said, “We are pleased to announce Ajman Bank’s Q1 2025 results that clearly showcase the strength of our ongoing transformation and capability to provide value-driving performance on a consistent basis. We still focus on creating long-term shareholder value — whilst at the same time investing in innovation, people, and customer solutions. All of which is to the point of arriving at a bank targeted very much towards delightful UX, innovation, and impact, that dedication to speed, service, and specialization is central. Thank you to our Board of Directors, our great team, and our amazing customers for continuing to place their faith in us. Simultaneously, we take pride in being a true partner in the future trend of the UAE economy towards a more resistant and dynamic economy that is still a solid functional foundation for sustainable growth. We are forming together a prudent, accountable, and forward-looking institution and community of Islamic finance.”
Other Key Insights
With a solid balance sheet, sustained transformational progress, and a growth-positive economic climate in the UAE, Ajman Bank anticipates creating long-term growth and profitability well into 2025 and beyond.
Ajman Bank is a Shari’ah-compliant bank providing a comprehensive suite of banking services to a diverse clientele of individuals, corporations , and government-related entities in the UAE. This premise allows the bank to leverage the best technology available to drive bank functionality while still maintaining a heavy emphasis on customer personalization.
As a wholly owned entity reflecting the support of the Government of Ajman, Ajman Bank plays an active role in enabling the economic development of the emirate with its head office in Ajman. The Ajman bank aims to be one of the most visible and sustainable Islamic banks, balancing all possible community, Employee , shareholder, and Customer value concerns.
Financial statements explain about Ajman Bank’s assets and liabilities. The information that has been mentioned under this report holds importance in terms of the position of Ajman Bank among the banking sector of UAE.
