NBQ Performance During H1-2026 Maintains Resilience to Sustain Long-term Growth
Umm Al Quwain – 17 July 2026:
National Bank of Umm Al Qaiwain (NBQ) has announced a profit after tax of AED 271 Mn for the period ended 30 June 2026, showing its resilient performance amid challenging conditions, which is backed by strong fundamentals, sound risk management, and a proactive, balanced approach to sustain long-term growth.
NBQ’s performance over the first six 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 reached AED 503 Mn, while net interest income rose to AED 310 Mn, compared to AED 309 Mn for the period ended 30 June 2025, underpinning stable core earnings amid challenging conditions.
Total Assets stood at AED 24.1 Bn as of 30 June 2026, an increase of 5% from December 2025 and an increase of 20% from June 2025.
Net loans and advances reached AED 8.7 Bn, a rise of 4% compared to 30 June 2025, and customer deposits rose 29% from 30 June 2025 to reach AED 17.1 Bn over the same period. Shareholders equity stood at AED 6.4 Bn, an increase of 3 % from June 2025.
NBQ’s capital adequacy ratio stood at 31% as of 30 June 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 0.4% as of 30 June 2026 compared to 0.3% as of 31 December 2025 and 2.2% as of 30 June 2025.
Mr. Adnan Al Awadhi, Chief Executive Officer of the National Bank of Umm Al Qaiwain (NBQ), said: “The first half of 2026 demonstrated NBQ’s resilience and the continued execution of our strategic priorities despite a challenging operating environment characterized by geopolitical uncertainty and a lower interest rate backdrop. Our solid financial performance reflects the strength of our diversified business model, disciplined balance sheet management, and unwavering focus on sustainable long-term growth. Throughout the period, we maintained a strong capital and liquidity position while continuing to support our customers and the broader economy. Our prudent approach to risk management, combined with disciplined cost control and continued improvement in asset quality, has enabled us to preserve financial strength and deliver consistent value to our stakeholders”.
Al Awadhi added: “Digital innovation remains central to our strategy. We continued investing in technology during the first half of the year to enhance customer experience, improve operational efficiency, and strengthen the resilience and security of our digital platforms. We also expanded our customer offering through strategic partnerships while reinforcing our commitment to maintaining the highest standards of operational excellence and information security.
Beyond financial performance, we remained committed to creating long-term value through investment in our people, Emiratization, leadership development, sustainability, and community initiatives. These efforts reflect our belief that responsible banking is fundamental to building lasting relationships with our customers and supporting the UAE’s economic and social development”.
Al Awadhi concluded: “While we remain mindful of the evolving global economic landscape, we are confident that NBQ’s strong fundamentals, resilient balance sheet, and clear strategic direction position us well to capitalize on future opportunities. We will continue to focus on innovation, customer-centricity, operational excellence, and prudent risk management as we deliver sustainable value for our shareholders, customers, employees, and the communities we serve.”
Key Highlights:
- Profit after tax stood at AED 271 Mn.
- Total interest income 503 Mn.
- Net interest income rose to AED 310 Mn, underpinning stable core earnings amid challenging conditions.
- Operating expenses of AED 108 Mn, increased by 16%.
- Cost to income ratio stood at 26%.
Balance Sheet Strengths:
- Capital adequacy and CET1 ratios as of 30 June 2026 were 31% and 30% respectively.
- NPL ratio improved by 180 bps to reach 0.4% against 2.2% as of 30 June 2025.
- Impairment coverage ratio was 266% as of 30 June 2026.