Mashreq Bank Reports Record AED 7.3 Billion Profit Before Tax for First Nine Months of 2026
Mashreq Bank reported an 18% year-on-year increase in profit before tax to AED 7.3 billion for the first nine months of 2026. Operating income rose 11% to AED 10.4 billion, while the bank reported an effective tax rate of 15.7% under the UAE Domestic Minimum Top-Up Tax (DMTT) and OECD Pillar Two rules.
DUBAI, UAE – 29 October 2026: Mashreq Bank PSC has reported record profit before tax of AED 7.3 billion for the nine months ended 30 September 2026, representing an 18% increase compared with the same period last year.
The bank's operating income increased by 11% to AED 10.4 billion, supported by growth in net interest income and an 18% increase in non-interest income. Third-quarter profit before tax reached AED 2.5 billion, up 19% year-on-year.
Net profit after tax increased by 18% to AED 6.1 billion, while the effective tax rate remained stable at 15.7% under the UAE Domestic Minimum Top-Up Tax (DMTT) and OECD Pillar Two rules.
Mashreq also reported significant balance-sheet growth, with total assets reaching AED 405.6 billion, an increase of 33% year-on-year. Customer loans grew 33% to AED 190.6 billion, while customer deposits increased 27% to AED 237.1 billion.
The bank's asset quality also improved, with its non-performing loan ratio declining to 0.7%. Return on equity reached 20.4%, compared with 19.8% in the corresponding period of 2025.
The results reflect Mashreq's continued investment in digital banking and artificial intelligence, alongside its focus on business expansion, financial performance and disciplined capital management.
https://www.mashreq.com/en/uae/news/2026/october/mashreq-financial-results-9m-2026/?utm
