Umm Al-Quwain Bank announced a net profit of 506.03 million dirhams for the completed fiscal year after tax payments. Compared to the previous period, the profit increased by 10.4%.
According to the bank's report, total assets increased by 3.3% and reached 36.9 billion dirhams. The bank's loan portfolio also grew by 2.9% and amounted to 23.3 billion dirhams.
"We take pride in our financial results for the past year, which reflects our development strategy aimed at ensuring sustainable growth and creating value for all our stakeholders," noted the bank's representative.
"Despite challenges posed by economic uncertainty, we remain committed to supporting our clients and the community in their financial needs and goals," he added.
