Mashreq Bank PSC reported a profit before tax of AED 7.3 billion for the nine months ended 30 September 2026, marking an 18% increase compared to the corresponding period in 2025. For the third quarter of 2026 alone, profit before tax reached AED 2.5 billion, an increase of 19% year-on-year.
Operating income for the nine-month period reached AED 10.4 billion, up 11% year-on-year, driven by net interest income from loan expansion and an 18% rise in non-interest income. Operating profit stood at AED 7.1 billion, return on equity reached 20.4%, and the cost-to-income ratio was 31.4%.
Total assets rose by AED 100 billion year-on-year to AED 405.6 billion. Customer lending increased 33% year-on-year and expanded 13% during the third quarter. Customer deposits rose 27% year-on-year, adding AED 32.2 billion year-to-date, with the loan-to-deposit ratio recorded at 80%.
Asset quality strengthened as the non-performing loan ratio improved to 0.7%, supported by a coverage ratio of 311%. The bank's Capital Adequacy Ratio stood at 16.7%, with Tier 1 capital at 15.6% and Common Equity Tier 1 at 13.2%.
During the third quarter, the institution completed a USD 500 million perpetual Additional Tier 1 issuance and a USD 500 million five-year senior bond to extend its funding maturity profile.
Sources
- Zawya · 2026-10-29
