Dubai – Mubasher: Mashreq Bank logged net profits after tax worth AED 1.92 billion in the first quarter (Q1) of 2026, higher by 8% year-on-year (YoY) than AED 1.79 billion.
The earnings per share (EPS) increased to AED 9.15 as of 31 March 2026 from AED 8.52 in Q1-25, according to the consolidated interim financial results.
Mashreq Bank recorded an annual growth of 10% in total operating income to AED 3.42 billion during the first three months (3M) of 2026, compared to AED 3.12 billion.
Total assets hiked by 26% YoY to AED 344.30 billion from AED 272.70 billion, whereas the customers’ deposits jumped by 23% YoY to AED 210.17 billion from AED 171.44 billion.
The Chairman of Mashreq, Abdul Aziz Al Ghurair, commented: “Mashreq delivered a robust performance in the first quarter, with operating income of AED 3.42 billion and a return on equity of 20%, reflecting the strength of its diversified business model and the consistency of its execution across a broad range of markets and client segments.”
Group CEO of Mashreq, Ahmed Abdelaal, said: “Mashreq’s position at the center of key global trade and capital corridors continues to support strong cross-border flows, with our transaction banking and US dollar clearing capabilities enabling clients to navigate shifting market dynamics with confidence and continuity.”
Mashreq Bank closed 2025 with AED 6.97 billion in net profit after tax, and operating income valued at AED 12.57 billion.
