Mashreq Bank PSC (MASQ), a prominent financial institution in the MENA region, reported a solid first-quarter performance for 2026, with Operating Income of AED 3.4 billion and Net Profit Before Tax of AED 2.3 billion, reflecting the bank’s resilience amid a challenging regional environment. Customer loans rose by 33% year-on-year, and customer deposits increased by 23%, maintaining strong asset quality and a Return on Equity (ROE) of 20%.

Chairman H.E. Abdul Aziz Al Ghurair noted that despite geopolitical tensions, the UAE and GCC economies showed structural resilience and financial strength, supporting stability. He emphasized Mashreq’s robust performance in operating income and ROE, showcasing its diversified business model.

Group CEO Ahmed Abdelaal highlighted the complexities of the current operating environment and the bank’s commitment to providing clarity and continuity for clients. The net profit before tax of AED 2.3 billion included a 41% contribution from non-interest income, signifying the effectiveness of their diversified approach.

Abdelaal also discussed their proactive engagement with clients regarding liquidity and risk planning. The bank’s strong operating platform ensured uninterrupted service across all products while maintaining robust asset quality.

Additionally, Mashreq’s strategic investments in technology, such as AI and digital infrastructure, position it for future growth. In summary, Mashreq began 2026 with strong momentum, successfully navigating market dynamics while prioritizing client support and operational excellence.