Mashreq reports solid operating income growth in 9 months
Updated 11/4/2025 7:54:00 AM
Arab Finance: Mashreq reported an increase in operating income to AED 9.4 billion for the first nine months of 2025, as per an emailed press release.
In the third quarter (Q3) of 2025, operating income rose 4% quarter-on-quarter (QoQ) and 8% year-on-year (YoY) to AED 3.2 billion.
This increase reflects robust profitable growth across all its core businesses, mainly driven by rising client activity, resilient net interest income, and high non-interest income growth.
Net interest income rose 6% QoQ to AED 2.1 billion in Q3 2025, with a stable net interest margin of 3.2% for the nine-month period of 2025.
Loan growth, disciplined asset repricing, and a strong funding base, with current account savings account (CASA) at 66% of deposits, continued to offset rate-driven margin pressure and preserve spread stability.
Cost-to-income ratio remained industry-leading at 31%, underscoring Mashreq’s ability to pursue growth and modernization while preserving strict cost discipline through automation, process streamlining, and technology-led operating leverage.
Mashreq delivered net profit before tax of AED 6.1 billion and net profit after tax of AED 5.2 billion in the nine months to September 2025. This surge was driven by diversified income growth, disciplined balance-sheet management, and consistent operational excellence across the franchise.
Abdul Aziz Al Ghurair, Chairman, Mashreq, commented: “Surpassing AED 300 billion in total assets is a clear reflection of our disciplined growth strategy and our deep alignment with the evolving economic priorities of the markets in which we operate.”
Ahmed Abdelaal, Group Chief Executive Officer, Mashreq, said: “Our net profit reached AED 6.1 billion, supported by a 20% year-on-year increase in non-interest income and AED 9.4 billion in operating income, reflecting broad based growth across corporate, retail, and international segments.”
Mashreq remains focused on building a future-ready banking ecosystem that delivers lasting value to clients, shareholders, and communities.
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