The UAE News Report
Dubai: Mashreq reported record profit before tax of AED 7.3 billion for the nine months ended September 30, 2026, an increase of 18% year on year.
Operating income rose 11% to AED 10.4 billion, supported by a larger loan book and growth in non-interest income. Net profit after tax increased 18% to AED 6.1 billion, while profit attributable to owners of the parent reached approximately AED 6 billion.
Assets exceed AED 400 billion
Total assets grew 33% year on year to AED 405.6 billion. Customer loans increased 33% to AED 190.6 billion, including 13% growth during the third quarter.
Customer deposits rose 27% year on year to AED 237.1 billion. Year-to-date deposit inflows of AED 32.2 billion exceeded the AED 26.3 billion increase in customer loans.
Net interest income increased 7% to AED 6.5 billion, while non-interest income rose 18% to AED 3.9 billion. Operating profit grew 10% to AED 7.1 billion.
Credit quality and capital
The non-performing loan ratio improved to 0.7%, compared with 1.1% in September 2025. Coverage reached 311%, while impairments recorded a net release of AED 116 million against a charge of AED 366 million a year earlier.
Mashreq’s capital adequacy ratio stood at 16.7%, with a liquidity coverage ratio of 124% and a loan-to-deposit ratio of 80%. Return on equity was 20.4%.
During the third quarter, the bank completed a USD 500 million perpetual Additional Tier 1 issuance and a USD 500 million five-year senior bond.
Digital investment and client growth
Group Chief Executive Officer Ahmed Abdelaal said Mashreq was focused on deepening client relationships, supporting UAE businesses and maintaining disciplined growth.
The bank said its Newton generative AI platform for financial crime investigations had increased investigator productivity by around 40%. Its priorities for the remainder of 2026 include lending, trade and transaction banking, retail and SME relationships, and investment in digital capabilities.
