Economy Local 2025-11-11T01:28:42+00:00

UAE Investment Bank Reports Profit Growth

UAE investment bank announced Q1-Q3 financial results, showing a pre-tax profit of 102 million dirhams, driven by asset, loan, and deposit growth.


UAE Investment Bank Reports Profit Growth

The investment bank announced yesterday its financial results for the first nine months of the current year, which showed a pre-tax profit of 102 million dirhams, driven by revenue growth, asset growth, and strong recovery operations. The bank reported that total assets reached 13.4 billion dirhams, a 24% increase since the beginning of the year. Net loans and advances amounted to 6.6 billion dirhams, a 46% increase, while customer deposits reached 11.1 billion dirhams, a 28% increase since the beginning of the year. The current and savings accounts ratio stood at 29.4%, compared to 26.6% in the fiscal year 2024. The bank's CEO, Idris Ar-Rifi, said: "The results for the first nine months of 2025 reflect the strength of our strategy and the significant progress we are making in building a more diverse and stable bank."