Mashreq has announced its financial results for the nine months ended September 30, 2025, reporting an Operating Income of AED 9.4 billion, reflecting broad-based growth across all core businesses. The third-quarter Operating Income stood at AED 3.2 billion, up 4% quarter-on-quarter and 8% year-on-year, driven by resilient Net Interest Income and a robust 20% year-on-year increase in non-interest income.
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The Bank delivered a Net Profit Before Tax of AED 6.1 billion, underscoring its ability to sustain strong profitability amid a moderating rate environment. Key performance metrics included a Net Interest Margin of 3.2%, a Cost-to-Income Ratio of 31%, and a Return on Equity of 20%.
H.E. Abdul Aziz Al Ghurair – Chairman, Mashreq said, “Mashreq’s performance stands as a testament to the strength of our strategic vision and the trust we continue to earn from clients, shareholders, and partners. Surpassing AED 300 billion in total assets is a clear reflection of our disciplined growth strategy and our deep alignment with the evolving economic priorities of the markets in which we operate. This achievement comes at a time when the UAE’s banking sector is demonstrating exceptional resilience and dynamism. Backed by strong capital and liquidity positions, improved asset quality, and steady growth across key indicators, the financial system remains well-positioned to support economic expansion.”
For the first time in its history, Mashreq’s total assets surpassed AED 300 billion, reaching AED 305 billion as of September 30, 2025 — marking continued double-digit balance-sheet expansion and underscoring the depth of the Bank’s client franchise. Customer Loans & Advances grew 21% year-on-year, while customer deposits rose 20% year-on-year, reflecting the strength and diversification of Mashreq’s funding base.
Ahmed Abdelaal – Group Chief Executive Officer, Mashreq said, “Mashreq continues to deliver strong and sustainable performance underpinned by a clear strategic vision and a disciplined operating model. Our net profit reached AED 6.1 billion, supported by a 20% year-on-year increase in non-interest income and AED 9.4 billion in operating income, reflecting broad based growth across corporate, retail, and international segments.”
“One of the most significant developments this year has been our commercial launch in Pakistan, a milestone that reinforces our international strategy. We have received strong support from government, regulators and stakeholders, and the market’s positive reception has validated our digital first approach to serving both individuals and businesses in one of the most promising economies in the region”, he added.
Mashreq’s Operating income growth was led by expanding lending activity, deeper client engagement, and stronger non-interest income across Mashreq’s global businesses. Net interest income rose 6% quarter-on-quarter to AED 2.1 billion in Q3 2025, with a stable net interest margin of 3.2%. Non-interest income increased 20% year-on-year, supported by a 50% rise in investment income and a 41% increase in other income, underscoring the success of Mashreq’s diversified income strategy. The cross-sell ratio improved to 35%, highlighting deeper client relationships and balanced earnings across business lines.
Net profit after tax reached AED 5.2 billion in the first nine months of 2025, reflecting the Bank’s consistent operational excellence and risk discipline. The non-performing loan ratio improved to 1.1% from 1.5% a year earlier, while the coverage ratio stood at 235%, underscoring Mashreq’s conservative provisioning and prudent risk governance. Impairment charges were contained at AED 366 million, maintaining a cost of credit at 34 basis points, a testament to the Bank’s superior asset quality.
Mashreq continues to advance its strategy by combining balanced growth with efficiency, accelerating investment in digital platforms and data intelligence, and expanding its global presence to create enduring value for clients and shareholders.
