Ajman Bank reported a 24% rise in earnings before taxes in Q1 2025, at Dh145 million. The bank reported Dh199 million in net operating income for the first quarter of 2025, up 2%. This indicates that core business performance is still robust, with a sustained emphasis on cost reduction, excellent recoveries, and improving efficiency through IT infrastructure automation and digitisation.
Strong balance sheet growth, with total assets reaching Dh25 billion (up 7%), customer deposits increasing to Dh21 billion (up 8%), and total shareholder equity standing at Dh3.1 billion (up 8% from 2024 year end), supports these outcomes.
Both annually and on a sequential quarterly basis, the bank’s capital position and asset quality continue to show strong progress. Tier 1 capital was 17.0%, while the capital adequacy ratio (CAR) was 18.2%. The reported return on assets (ROA) was 2.3% (up 49 bps) and the return on shareholder equity (ROE) was 17.4% (up 161 bps).
“Ajman Bank’s progress reflects the strength of our vision for Ajman’s future and the crucial role financial institutions play in shaping resilient and inclusive economies,” stated Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank. Ajman Bank is at the vanguard of the banking industry’s ongoing evolution, driven by responsible expansion, national values, and solid governance.
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