Ajman Bank reports over $36mn net profit in Q1 2025
Ajman Bank reported higher net profits at $36.6 million (AED 134.67 million) in the first quarter of 2025, more than 25 percent rise from AED 107.42 million in the same year-ago period. The bank’s…
Ajman Bank reported higher net profits at $36.6 million (AED 134.67 million) in the first quarter of 2025, more than 25 percent rise from AED 107.42 million in the same year-ago period.
The bank’s operating income, however, recorded a marginal rise of two percent to AED 198.91 million as of 31 March 2025.
Its total assets jumped to AED 24.49 billion in Q1 ’25 from AED 22.85 billion at the end of December 2024.
Mustafa Al Khalfawi, CEO of Ajman Bank, said the bank’s first quarter results reflect the strength of its ongoing transformation and ability to deliver consistent, value-driven performance.
“We remain focused on creating long-term value for our shareholders while continuing to invest in innovation, human capital, and customer-centric solutions,” he said.
The DFM-listed bank turned profitable at AED 439.77 million in 2024, against net losses valued at AED 390.35 million in 2023.
More from Energy & Infrastructure Desk
Saudi Logistics Plan Moves From Strategy to Capacity
Saudi Arabia’s logistics agenda is becoming a national competitiveness test as the kingdom works to connect ports, airports,…
India–GCC FTA Talks Put Trade Corridor in Focus
India and the GCC have moved from strong trade flows to a more formal negotiation over rules, services,…
Gulf Wealth Funds Take Wider Role in National Strategy
Sovereign investors across the Gulf are increasingly operating as instruments of industrial policy, global capital influence and domestic…