Mashreq Reports Robust Q1 2025 Results with AED 3.1 Billion in Revenue and Continued Strategic Growth

Mashreq has announced its financial results for the first quarter of 2025, delivering strong performance across key indicators, underscoring the strength of its diversified business model and commitment to innovation-led growth.

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The Bank reported an operating income of AED 3.1 billion, driven by healthy client activity, a disciplined risk management strategy, and solid execution of its digital-first agenda. Net profit before tax stood at AED 2.1 billion, while net profit after tax reached AED 1.8 billion, supported by double-digit growth in both loans and deposits.

In the first quarter of 2025, Mashreq delivered a strong financial performance marked by a 14% year-on-year growth in loans and advances and a 10% increase in customer deposits, with Current and Savings Accounts (CASA) accounting for 65% of the deposit base. The Bank maintained a solid Return on Equity of 21% and a Return on Assets of 2.5%, supported by a healthy Net Interest Margin of 3.3%. Asset quality remained best-in-class, with a Non-Performing Loans (NPL) ratio of just 1.3% and a robust coverage ratio of 204%. Mashreq’s Capital Adequacy Ratio stood at a strong 18.5%, while its Liquidity Coverage Ratio of 126% remained comfortably above regulatory requirements, reflecting prudent balance sheet management and financial resilience.

Mashreq’s total assets grew by 9% to AED 273 billion, with customer deposits reaching AED 171 billion—reflecting growing client trust and a solid retail and corporate banking franchise. The Bank maintained its cost discipline despite ongoing investments in digital transformation, with a cost-to-income ratio of 29%.

Commenting on the results, H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq, said,
“The beginning of 2025 marks another strong chapter in Mashreq’s journey of innovation, resilience and regional leadership. As the UAE and the broader GCC region continue to accelerate their digital and economic transformation, Mashreq remains deeply aligned with these national priorities. We are expanding our reach, advancing our capabilities and enabling inclusive growth across markets.”

Ahmed Abdelaal, Group Chief Executive Officer, Mashreq said, “Mashreq entered 2025 with strong momentum, delivering over AED 3 billion of operating income in the first quarter and achieving 14 percent year-on-year growth in loans and advances. These results reflect the continued strength of our diversified business model and our disciplined execution, even amid a more measured interest rate environment.”

Mashreq continues to build on its strong foundation to expand regional presence, strengthen digital capabilities, and lead in sustainable finance, in line with its long-term vision to transform the banking experience for clients across MENA and beyond.