Press releases, Reports & Disclosures for AJMAN BANK PJSC

Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.

Ajman Bank reported a profit before tax of AED 266 million for the first half of 2025, marking a 14% growth compared to the same period in 2024. This increase was attributed to a focus on core business performance, increased financing activity, and improved operational efficiency. The bank's total operating income reached AED 751 million, with net operating income at AED 399 million. Total assets grew by 17% to AED 26.6 billion, supported by a 16% rise in the financing portfolio to AED 17.8 billion. Customer deposits increased by 11% to AED 20 billion, and shareholders’ equity rose by 4% to AED 3.2 billion. The bank maintained strong capital and liquidity metrics, with a Capital Adequacy Ratio of 17.3% and a Tier 1 Capital Ratio of 16.1%. Return on Equity improved to 15.6%, and Return on Assets increased to 1.9%. Ajman Bank also enhanced its liquidity position with an Eligible Liquid Assets Ratio of 18% and a Loans-to-Stable Resources Ratio of 74%. The CEO, Mustafa Al Khalfawi, highlighted the strength of the bank’s funding base and operational model, as well as the successful launch of new financial solutions and a global Sukuk issuance.

The document is a communication addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, detailing the outcomes of the Board of Directors Meeting (#3) for the year 2025. This meeting, chaired by H.H. Sheikh Ammar bin Humaid Al Nuaimi, took place on July 22, 2025. The key points discussed include the approval of the minutes from the previous meeting, the discussion and approval of the bank's financial statements for the second quarter of 2025, and the follow-up on the bank's routine activities with resolutions issued accordingly. The communication is signed by Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors’ Secretary.

A notification was sent to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, informing him of a scheduled meeting of the Ajman Bank Board of Directors. The meeting is set for Tuesday, July 22, 2025, at 10:00 AM. The agenda includes ratifying the minutes of the previous board meeting, discussing and approving the financial statements for the second quarter of 2025, and following up on the bank's routine activities. The notification was signed by Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors’ Secretary.

The document is a formal notification addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, from Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors' Secretary. It informs the recipient that the Ajman Government's ownership percentage in Ajman Bank has increased from 28.4347% to 31.1477%.

Ajman Bank reported a profit before tax of AED 145 million for the first quarter of 2025, marking a 24% growth. The bank's net operating income increased by 2% to AED 199 million, supported by strong recoveries, cost rationalization, and enhanced efficiencies through digitization and automation. The bank's total assets rose to AED 25 billion, customer deposits increased to AED 21 billion, and total shareholder equity reached AED 3.1 billion. The capital adequacy ratio was 18.2%, with Tier 1 capital at 17.0%. Return on shareholder equity was 17.4%, and return on assets was 2.3%. The non-performing loan ratio improved to 9.7%. The board meeting, chaired by His Highness Sheikh Ammar bin Humaid Al Nuaimi, discussed various financial and administrative matters. Sheikh Ammar attributed the bank's strong performance to strategic initiatives and the resilience of the national economy.

Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the three-month period ending on March 31, 2025.