NBQ Reports AED 378M Profit After Tax in First 9M of 2026
National Bank of Umm Al Qaiwain (NBQ) reported a profit after tax of AED 378 million for the nine months ended 30 September 2026, demonstrating resilience amid challenging market conditions. The bank attributed its sustained growth to strong fundamentals, disciplined risk management and a continued commitment to sustainable, long-term performance.
The results reinforce NBQ’s position as the fifth-highest-performing small bank globally in Forbes’ World’s Top Performing Banks 2026 ranking, published in September 2026.
NBQ’s financial performance during the first nine months of 2026 was supported by continued diversification of its balance sheet and income streams, alongside disciplined cost optimisation measures.
Total interest income increased to AED 781 million for the period ended 30 September 2026, compared with AED 704 million in the corresponding period of 2025, representing year-on-year growth of 11%. Net interest income reached AED 469 million, supporting stable core earnings despite challenging operating conditions.
NBQ’s total assets reached AED 25.1 billion as of 30 September 2026, marking an increase of 10% compared with December 2025 and 15% year-on-year. Net loans and advances stood at AED 9.6 billion, rising 5% from 31 December 2025 and 10% compared with 30 September 2025. Customer deposits reached AED 17.9 billion, registering growth of 14% since December 2025 and 22% year-on-year.
Shareholders’ equity stood at AED 6.7 billion as of 30 September 2026, representing a 4% increase compared with September 2025. The bank’s capital adequacy ratio reached 29.7%, remaining comfortably above the minimum threshold prescribed by the Central Bank of the UAE under Basel III guidelines.
NBQ’s non-performing loan ratio declined to 0.4% as of 30 September 2026, compared with 0.9% in the corresponding period of the previous year, reflecting an improvement in asset quality.
Adnan Al Awadhi, Chief Executive Officer of National Bank of Umm Al Qaiwain, said the first nine months of 2026 demonstrated the bank’s resilience and continued progress in implementing its strategic priorities despite a challenging operating environment characterised by geopolitical uncertainty and evolving market conditions. He attributed the performance to the bank’s diversified business model, disciplined balance sheet management and focus on sustainable, long-term growth.
Al Awadhi added that NBQ maintained strong capital and liquidity positions throughout the period while continuing to support customers and contribute to the economy. He said the bank’s prudent risk management, disciplined cost controls and focus on asset quality helped preserve the strength of its balance sheet while delivering sustainable value to stakeholders.
The CEO also highlighted the bank’s continued progress in digital transformation, supported by investments in technology to enhance customer experience, improve operational efficiency and strengthen the resilience and security of its digital platforms. NBQ continued to expand its products and services through strategic partnerships and targeted initiatives, reinforcing its focus on customer-centricity and operational excellence.