Umm Al Quwain – 17 April 2026:
National Bank of Umm Al Qaiwain (NBQ) has announced a profit after tax of AED 152 Mn for the period ended 31 Mar 2026, which demonstrated its resilience supported by strong core fundamentals, disciplined cost management, and a balanced approach to sustain long-term growth.
NBQ’s performance over the first three months of 2026 was supported by continued diversification of the balance sheet and income streams, as well as disciplined cost optimization measures.
Total interest income showed a robust growth of 11% to AED 246 Mn, while net interest income rose by 4% to AED 153 Mn, underpinning stable core earnings.
Total Assets stood at AED 23.2 Bn as of 31 Mar 2026, an increase of 1% from Dec 2025 and an increase of 24% from Mar 2025. Net loans and advances reached AED 8.3 Bn, a rise of 2 % compared to 31 Mar 2025, and customer deposits rose 34% compared to 31 Mar 2025 to reach AED 16.3 Bn over the same period. Shareholders equity stood at AED 6.3 Bn, an increase of 6% from Mar 2025.
NBQ’s capital adequacy ratio stood at 31% as of 31 Mar 2026, which continues to be well over the minimum threshold stipulated by Central Bank of the UAE in accordance with Basel III guidelines.
Non-Performing Loans ratio reached 0.43% as of 31 Mar 2026 compared to to 0.31% as of 31 Dec 2025 and 3.74% as of 31 Mar 2025.
Mr. Adnan Al Awadhi, Chief Executive Officer of the National Bank of Umm Al Qaiwain (NBQ), commented that the first quarter ended 31 Mar 2026 reflected a period of stable performance and continued strategic execution for the Bank. NBQ delivered resilient financial results during the quarter, underpinned by strong core fundamentals, disciplined cost management, and a balanced approach to growth. Net Interest income showed steady progress, supported by effective funding strategies, and sustained asset quality improvements despite the ongoing geopolitical challenges, and softer benchmark interest rate environment.
“During the quarter, NBQ maintained a solid balance sheet, supported by healthy liquidity positions and robust capital adequacy levels. This strength enabled the Bank to continue supporting its customers across key segments while maintaining a cautious and well-managed risk profile,” he added.
Al Awadhi stated that digital transformation remained a central focus in Q1 2026. “NBQ enhanced its digital banking platforms, improved customer experience through upgraded mobile services, and continued to automate key operational processes. These initiatives contributed to increased efficiency, stronger customer engagement, and reinforced NBQ’s competitive position in the market” he said.
“NBQ also remained committed to its broader strategic priorities, including Emiratization, talent development, gender diversity, and sustainability initiatives. The Bank continued to invest in its workforce and community engagement, aligning with national objectives and long-term value creation.”
“Risk management continued to play a critical role, with the Bank maintaining a prudent and proactive approach amid evolving market dynamics and interest rate conditions. This disciplined framework has supported stability while enabling measured growth,” he stated.
Al Awadhi concluded, “Looking ahead, NBQ remains cautiously optimistic for the remainder of 2026. With a clear strategic direction, a resilient business model, and a strong commitment to innovation and customer service, Bank is well-positioned to build on its momentum and deliver sustainable value to its stakeholders.”
Key Highlights:
- Profit after tax stood at AED 152 Mn.
- Total Interest Income showed a robust growth 11% to AED 246 Mn.
- Net interest income rose by 4% to AED 153 Mn, underpinning stable core earnings.
- Operating expenses of AED 52 Mn, increased by 13%.
- Cost to income ratio stood at 22%.
Balance Sheet Strengths:
- Capital adequacy and CET1 ratios as of 31 Mar 2026 were 31% and 30% respectively.
- NPL ratio improved by 331 bps to reach 0.43% against 3.74% as of 31 Mar 2025.
- Impairment coverage ratio was 257% as of 31 Mar 2026.
About NBQ
Established in 1982, the National Bank of Umm Al Qaiwain (NBQ) is a leading UAE national bank offering a comprehensive range of retail, corporate, and treasury banking solutions. Headquartered in the Emirate of Umm Al Quwain, NBQ is committed to supporting the UAE’s economic growth through customer-centric services, digital innovation, and sustainable banking practices. The Bank continues to strengthen its market position through strategic partnerships, prudent financial management, and a strong focus on governance and compliance.