The National Bank of Umm Al Qaiwain (NBQ) has announced a robust financial performance for the first nine months of 2025, with net profits soaring by 16% to Dh465 million compared to the same period in 2024. The bank’s total assets witnessed a significant 32% increase, reaching Dh21.8 billion as of September 30, 2025, up from Dh16.5 billion a year earlier. This growth was driven by a 20% rise in net loans and advances to Dh8.7 billion and a 45% surge in customer deposits to Dh14.7 billion. Shareholders’ equity also expanded by 10% to Dh6.4 billion. NBQ’s capital adequacy ratio stood at 33.75%, well above the minimum threshold set by the Central Bank of the UAE in line with Basel III guidelines. The non-performing loans ratio improved dramatically, dropping by 338 basis points to 0.85% from 4.23% in September 2024. Non-interest income grew by 48% to Dh233 million, while the cost-to-income ratio remained efficient at 22%. Impairment coverage, including collateral, stood at an impressive 459%. Adnan Al Awadhi, CEO of NBQ, attributed the bank’s success to its ongoing digital transformation, customer-centric solutions, and sound risk management practices. He emphasized NBQ’s commitment to operational excellence, regulatory compliance, and sustainability, which he believes will drive further expansion.