Ajman Bank reported a profit before tax of Dh266 million for the six months ended June 30, 2025, up 14% from Dh234 million in H1 2024, driven by higher financing income, improved operational efficiency and digital platform expansion.
Total operating income reached Dh751 million, while net operating income stood at Dh399 million. The bank’s total assets rose 17% from year-end 2024 to Dh26.6 billion. The financing portfolio grew 16% to Dh17.8 billion. Customer deposits increased 11% to Dh20 billion. Shareholders’ equity climbed 4% to Dh3.2 billion.
Capital ratios remained robust amid growth, with a Capital Adequacy Ratio of 17.3% and a Tier-1 ratio of 16.1%. Profitability indicators strengthened, with a return on equity of 15.6% and a return on assets of 1.9%. Liquidity metrics included an Eligible Liquid Assets Ratio of 18% and a Loans‑to‑Stable Resources Ratio of 74%.
Asset quality continued to improve. The non‑performing loans ratio declined by 126 basis points to 8.6%, while gross Stage 2 and 3 exposures fell by 15%. Real‑estate concentration eased to 32.9%, down 705 basis points.
In May 2025, the bank priced a debut $500 million five-year Sukuk at 130 basis points (bp) over US Treasuries, drawing an order book equivalent to 5.4 times the issue from more than 100 global investors. The Sukuk was listed on Nasdaq Dubai.
