Umm al qaiwain: National Bank of Umm Al Qaiwain (NBQ) reported a profit after tax of AED271 million for the six-month period ended 30th June, 2026, reflecting resilient performance supported by strong fundamentals, disciplined risk management, and a balanced long-term growth strategy. The bank's results highlight its ability to navigate challenging environments while maintaining a focus on sustainable growth.
According to Emirates News Agency, NBQ attributed its first-half performance to the continued diversification of its balance sheet and income streams, coupled with disciplined cost optimisation. Total interest income reached AED503 million, while net interest income stood at AED310 million, a slight increase from AED309 million in the corresponding period of 2025, demonstrating the bank's stable financial management.
NBQ's total assets increased to AED24.1 billion as of 30th June, 2026, marking a 5 percent rise from December 2025 and a significant 20 percent increase from June 2025. This growth was supported by a 4 percent year-on-year rise in net loans and advances to AED8.7 billion, and a 29 percent increase in customer deposits, which reached AED17.1 billion. Shareholders' equity also saw a 3 percent rise from June 2025, reaching AED6.4 billion.
The bank's capital adequacy ratio stood at 31 percent, significantly higher than the minimum requirement set by the Central Bank of the UAE under Basel III guidelines. Despite a slight increase from 0.3 percent at the end of 2025, the non-performing loans ratio was maintained at a low 0.4 percent, a substantial improvement from 2.2 percent a year earlier.
Adnan Al Awadhi, Chief Executive Officer of NBQ, stated that the bank delivered solid results despite geopolitical uncertainty and a lower interest rate environment. This performance was supported by NBQ's diversified business model, disciplined balance sheet management, and a focus on sustainable growth. Al Awadhi emphasized the bank's strong capital and liquidity positions, highlighting its commitment to supporting customers and the wider economy through prudent risk management, cost discipline, and improved asset quality.
He also noted NBQ's continued investment in digital technologies to enhance customer experience, improve operational efficiency, and strengthen the resilience and security of its digital platforms. Additionally, the bank is expanding its services through strategic partnerships, reinforcing its dedication to innovation and customer-centricity.
Al Awadhi reaffirmed NBQ's commitment to Emiratisation, leadership development, sustainability, and community initiatives. The bank remains focused on operational excellence and prudent risk management to deliver sustainable long-term value, ensuring its competitive edge in the banking sector.