Mashreq Delivers Record H1 2026 Profit Before Tax of AED 4.8 Billion, Up 18% Year-on-Year

Customer Deposits Grow 28%, Lending Advances 26% and Return on Equity Reaches 21%

Dubai, UAE: Mashreq Bank PSC (MASQ) today announced record profit before tax of AED 4.8 billion for the first half of 2026, up 18% year-on-year, on operating income of AED 6.8 billion. The performance underscores the resilience of Mashreq’s diversified franchise and disciplined execution against a backdrop of heightened regional and global uncertainty.

H1 2026 Key Financials

H.E. Abdul Aziz Al Ghurair Chairman, Mashreq "The first half of 2026 tested the region, and the UAE answered with the resilience that has come to define it. Against a backdrop of heightened geopolitical uncertainty, the nation's economic foundations held firm, underpinned by prudent policy, a deepening non-oil economy, and a financial system that continued to operate from a position of strength and stability. Throughout the period, the banking sector remained well positioned to support businesses, investors and communities, while maintaining strong capital, liquidity and prudent oversight. Within this context, Mashreq delivered operating income of AED 6.8 billion and a return on equity of 21%, underscoring the resilience of the Bank and the effectiveness of its long-term strategic direction. The Board remains focused on ensuring that Mashreq continues to grow responsibly, with governance, risk management and financial strength at the core of every decision. As a Domestic Systemically Important Bank, we recognize our responsibility to contribute to the stability of the financial system, support the ambitions of the UAE's economy and create sustainable value for our shareholders and the communities we serve. As the UAE advances its standing as a global centre for trade, capital and innovation, Mashreq will continue to serve as a key enabler of that ambition, empowering clients, championing responsible finance, and reinforcing the nation's position as one of the world's leading financial hubs." Ahmed Abdelaal Group Chief Executive Officer, Mashreq "The first half of 2026 was shaped by heightened geopolitical and macroeconomic disruption across the region and globally, affecting markets, trade corridors and client decisions. Against this backdrop, Mashreq delivered record profit before tax of AED 4.8 billion, up 18% year-on-year, with Q2 profit before tax increasing 28% year-on-year and return on equity at 21%. The results reflect the resilience of our diversified franchise, disciplined execution and the continued trust of our clients. " The quality of growth remained strong: customer deposits increased 28%, customer lending grew 26% and non-interest income rose 17% to 38% of operating income. Asset quality remained robust, with a non-performing loan ratio of 0.9%, while stronger capital and liquidity preserved our capacity to support clients prudently. Our priority throughout the period was to stay close to clients across our network and help them manage liquidity, financing, trade, payments and risk as conditions evolved. Our international footprint and direct US dollar clearing capability helped keep critical trade and capital flows moving across key global corridors. Operational resilience and seamless, secure service remained non-negotiable, with continuity maintained across our channels, platforms and markets. We enter the second half focused on disciplined growth, thoughtful capital allocation and continued investment in our people, technology, data and controls. These priorities will strengthen resilience, improve the client experience and deepen the relationships that underpin Mashreq's long-term performance. I want to thank our colleagues across the network for the commitment and precision behind these results.

Performance Review H1 2026

“Mashreq delivered a strong first half in 2026, translating the strength of its diversified business model and the resilience of its franchise into record profitability, robust returns and a materially stronger balance sheet, all achieved through one of the most demanding regional environments in recent years.” Mashreq's operating income rose to AED 6.8 billion in H1 2026, the result of a strong, diversified and globally connected business performing across every core market, with profit before tax advancing 18% year-on-year to AED 4.8 billion and accelerating into the second quarter. Growth of this scale was achieved without compromise to quality or prudence: a deep, low-cost deposit base funded lending growth, asset quality held firm with the non-performing loan ratio at 0.9%, and capital strengthened even as the balance sheet expanded. Sustained investment in artificial intelligence and digital platforms deepened the Bank's capabilities while preserving a disciplined cost base.