Ajman Bank, one of the UAE’s most promising Islamic financial institutions, has delivered a strong start to 2025, reporting AED 145 million in profit before tax for the first quarter. This impressive performance marks a 24% increase compared to the same period in the previous year, and reflects the successful implementation of strategic leadership under His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank. The results also underscore the bank’s resilience in a challenging macroeconomic environment, driven by robust governance, technological innovation, and a customer-centric approach.
A Record-Setting First Quarter
The Q1 2025 results are a clear demonstration of the progress Ajman Bank has made in recent years. The bank’s total assets grew to AED 25 billion, a 7% increase compared to the same quarter in 2024, signaling strong asset growth. Additionally, customer deposits rose by 8% to AED 21 billion, reflecting increasing trust from the public and a wider customer base.
In particular, the bank’s non-performing loan (NPL) ratio improved, demonstrating its ongoing commitment to prudent risk management and effective financial oversight. The NPL ratio dropped to 9.7% from 9.9% at the end of 2024, which reflects the bank’s strong asset quality and ongoing efforts to restructure loans and recover non-performing assets. The strong capital adequacy ratio (CAR) of 18.2% also speaks volumes about the bank’s capacity to absorb potential market shocks, while maintaining operational flexibility.
The bank’s total operating income for the first quarter of 2025 stood at AED 199 million, a 2% increase compared to Q1 2024. This improvement was driven by consistent revenue growth, enhanced operational efficiencies, and a strategic focus on core banking services that address the needs of both retail and corporate clients. Moreover, the bank’s shareholders’ equity remained strong, standing at AED 3.1 billion, reinforcing its solid financial foundation.
Leadership Under His Highness Sheikh Ammar
The leadership of His Highness Sheikh Ammar bin Humaid Al Nuaimi has been a key driving force behind Ajman Bank’s outstanding performance. As the Crown Prince of Ajman and Chairman of the Bank’s Board of Directors, Sheikh Ammar has laid out a long-term vision for Ajman Bank to become a robust and sustainable player in the UAE’s financial sector. Under his guidance, the bank has aligned itself with the UAE’s broader economic and development goals, positioning itself as a key contributor to the country’s vision for a diversified economy.
Sheikh Ammar’s forward-thinking leadership has guided Ajman Bank through periods of economic transformation, helping it to adapt to changing market dynamics while capitalizing on opportunities. The strong quarterly results reflect the strategic decisions made under his stewardship, particularly the bank’s emphasis on sustainable financial practices, enhanced digital services, and an innovative approach to customer engagement.
In a statement following the Q1 results, Sheikh Ammar said, “The progress of Ajman Bank reflects the strength of our vision for Ajman’s future and the pivotal role financial institutions play in shaping resilient and inclusive economies. As the banking sector continues to evolve, Ajman Bank stands at the forefront—guided by sound governance, national values, and a commitment to responsible growth.”
Digital Transformation: Paving the Path for Future Growth
One of the standout elements of Ajman Bank’s continued success is its focus on digital banking transformation. The bank has embraced cutting-edge technologies to streamline its operations and offer customer-centric solutions. From mobile banking to AI-powered services, Ajman Bank’s digital-first approach has helped it maintain relevance in a fast-evolving banking landscape.
The first quarter of 2025 saw an increase in digital engagement, with the bank reporting higher online transactions and mobile app usage among customers. The bank’s digital strategy includes launching innovative products, improving user interfaces, and providing 24/7 banking services that are more efficient and accessible.
Ajman Bank’s commitment to technology and digital banking is aligned with the UAE’s Vision 2021, which emphasizes innovation as a core pillar of national development. The bank’s leadership has actively invested in developing digital tools to meet the needs of a growing tech-savvy population. With a user-friendly digital banking experience, customers can access their accounts, complete transactions, and even apply for loans at the touch of a button.
In the long term, Ajman Bank plans to continue enhancing its digital services, offering more automation, artificial intelligence-driven services, and an improved customer experience. The digital shift has not only increased operational efficiency but also helped the bank attract younger clients who value convenience and technological integration.
Prudent Risk Management: A Key to Stability
Ajman Bank has continued to focus on prudent risk management, a factor that has enabled the bank to deliver stable profits despite challenges in the global economy. The reduction in the non-performing loan ratio highlights the bank’s commitment to managing risks effectively while remaining agile enough to seize opportunities.
The improved financial ratios, such as the bank’s return on assets (ROA) of 2.3% and return on equity (ROE) of 17.4%, demonstrate that Ajman Bank is maximizing the value of its assets and equity while maintaining strong financial health. These results are important not only from an operational perspective but also for shareholder confidence, as they reflect the bank’s sound risk management strategy.
In addition, Ajman Bank continues to enhance its corporate governance framework to ensure transparency, accountability, and regulatory compliance. As the bank evolves, it remains committed to a risk-aware culture, which helps mitigate external challenges such as economic fluctuations or market volatility.
A Vision for the Future
Looking forward, Ajman Bank is well-positioned to maintain its upward trajectory. The leadership’s focus on sustainable growth, innovative banking solutions, and increased digital services sets the bank up for continued success in 2025 and beyond.
The bank’s future initiatives include expanding its range of services, deepening relationships with existing customers, and focusing on community banking. Ajman Bank aims to support SMEs, entrepreneurs, and startups by providing financial products tailored to their specific needs. This aligns with the UAE’s ambition to foster a thriving entrepreneurial ecosystem and boost the contribution of small businesses to the national economy.
Furthermore, Ajman Bank’s commitment to sustainability is set to strengthen with new initiatives targeting green financing, ethical investment, and environmentally conscious products. With the UAE’s goals of achieving net-zero emissions by 2050, Ajman Bank’s focus on responsible finance will play a key role in the country’s transition to a more sustainable and diversified economy.
Ajman Bank is also likely to expand its geographical footprint, exploring opportunities in international markets that complement its domestic growth strategy. This could include tapping into emerging markets where demand for Islamic financial services is increasing. By diversifying its portfolio and increasing international partnerships, the bank aims to further its position as a regional leader in Islamic banking.
Conclusion
Ajman Bank’s AED 145 million profit in Q1 2025 is a testament to the successful strategies put in place by its leadership, under the guidance of His Highness Sheikh Ammar bin Humaid Al Nuaimi. With strong asset growth, improved risk management, and a focus on digital transformation, the bank has demonstrated its resilience and commitment to driving financial prosperity for Ajman and the UAE as a whole.
As Ajman Bank continues to evolve, it remains steadfast in its commitment to providing innovative, customer-first solutions while maintaining its strong financial health. The combination of visionary leadership, operational excellence, and digital transformation positions Ajman Bank as one of the UAE’s most dynamic financial institutions—one that is primed for continued success in 2025 and beyond.
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