Mashreq crosses Dh300b in assets as strong lending, digital push lift 9-month profit

05/11/2025 01:15 AST

Mashreq has reported a strong financial performance for the first nine months of 2025, with operating income rising to Dh9.4 billion, driven by expanding client activity across corporate, retail and international segments.

The bank's third-quarter operating income reached Dh3.2 billion, up 4 per cent quarter-on-quarter and 8 per cent year-on-year, underpinned by resilient net interest income and a strong rise in non-interest income. Net profit before tax stood at Dh6.1 billion for the nine-month period, reflecting the bank's ability to sustain earnings momentum in a moderating interest rate environment.

Mashreq reported a net interest margin of 3.2 per cent and maintained a sector-leading cost-to-income ratio of 31 per cent, supporting a return on equity of 20 per cent. Net profit after tax came in at Dh5.2 billion, even after accounting for a 49 per cent year-on-year rise in tax expense following the UAE's adoption of corporate tax and the global minimum tax framework in some international markets where the bank operates.

Total assets surpassed Dh300 billion for the first time, underscoring the scale and depth of Mashreq's franchise. As of September 30, total assets stood at Dh305 billion, rising 20 per cent year-on-year and 14 per cent since the start of the year.

Khaleej Times