Dubai-based Mashreq Bank earned AED 7.3 billion before tax in the first nine months of 2026, an 18% increase on a year earlier and the highest figure it has posted for that period, the lender said in a statement on Thursday, October 29.<\/p>\n
Revenue drove much of the gain. Operating income climbed 11% to AED 10.4 billion, and the bank attributed AED 635 million of the extra profit to a 10% rise in operating profit. A further AED 482 million came from lower provisioning: Mashreq booked an impairment charge of AED 366 million over the same months of 2025, but recorded a net release of AED 116 million this year.<\/p>\n
Between July and September, pre-tax profit came to AED 2.5 billion, 19% above the third quarter of 2025. After tax, the quarter yielded AED 2.1 billion, a 21% annual gain. Operating profit was 13% higher than a year before and 6% above the second quarter.<\/p>\n
Across the nine months, after-tax profit reached AED 6.1 billion, up 18%. The bank’s effective tax rate was unchanged at 15.7%, reflecting the UAE’s Domestic Minimum Top-Up Tax<\/a> (DMTT) and the Pillar Two framework. Profit attributable to the parent’s owners grew 18% to AED 6.0 billion, while earnings per share<\/a> increased 17% to AED 28.8.<\/p>\n Return on equity was 20.4%, up from 19.8% in the 2025 period, and return on assets came in at 2.1%. Equity held by shareholders rose 22% over twelve months to AED 46.0 billion.<\/p>\n Total assets reached AED 405.6 billion, an addition of AED 100 billion, or 33%, compared with a year earlier, and 11% more than three months before. Customer loans grew at the same annual pace to AED 190.6 billion, after a 13% quarterly rise in which wholesale and retail borrowers added a net AED 21.5 billion. Including banks, total lending amounted to AED 252.3 billion.<\/p>\n On the funding side, customer deposits were 27% higher at AED 237.1 billion. Since January, they have grown by AED 32.2 billion, more than the AED 26.3 billion increase in loans. Third-quarter lending was financed by AED 9.9 billion of new deposits, a USD 500 million senior bond and repo agreements, and the bank’s CASA ratio was 58%. Mashreq also tapped international capital markets for term funding during the quarter.<\/p>\n Its securities holdings jumped 75% to AED 83.7 billion as surplus liquidity was put to work. Third-quarter investment income totalled AED 264 million, mainly from fair value gains on equities and realised trading gains, more than twice what it contributed a year earlier.<\/p>\n Mashreq’s NPL ratio fell to 0.7%, with coverage at 311%, and its capital adequacy ratio was 16.7%. Costs absorbed 31.4% of income over the nine months as the bank kept investing in digital tools and AI.<\/p>\n Group Chief Executive Officer Ahmed Abdelaal said that spending is meant to speed up service, simplify customer journeys and lift productivity, citing the bank’s in-house tool for financial crime cases.<\/p>\n “Newton, our award-winning GenAI platform for financial crime investigations, has already lifted investigator productivity by around 40% while improving the quality and speed of our investigations.”<\/p><\/blockquote>\n Chairman Abdul Aziz Al Ghurair pointed to the UAE’s stable policies, global links and continued investment, adding that local banks had helped sustain economic activity without weakening their financial footing.<\/p>\n","protected":false},"excerpt":{"rendered":" Mashreq Bank profit before tax reached a record AED 7.3 billion in the first nine months of 2026, up 18%, the Dubai lender said in a statement.<\/p>\n","protected":false},"author":4,"featured_media":8485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[6128],"class_list":["post-8486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie","tag-mashreq-bank"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tBalance sheet grows by AED 100 billion<\/h2>\n
Credit quality and costs<\/h2>\n