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 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.