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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.
On April 17, 2025, Agility Public Warehousing Company announced the results of a Board of Directors meeting. The board discussed a proposal for capital reduction and reviewed nominations for board membership. Two key resolutions were made: first, the board requested management to conduct a detailed study to determine the optimal capital level to maximize shareholder value, postponing a decision on this matter; second, they approved extending the nomination period for board membership by an additional week, ending on April 24, 2025, to increase the number of candidates and enhance the company's leadership.