All UAE Saudi Egypt
Reset All
Showing 9 of 15
  • UAE Flag
    FIRST LOOK NOTES
    27 Oct 2025
    Ajman Bank
    ACCUMULATE
    AED 1.44
    AED 1.60
    +11.11%

    UAE Equity Research - Ajman Bank 3Q25 - First Look Note

    Calculated NIMs declined by 51 bps YOY and 6 bps QOQ to 1.8% in 3Q25. Net advances grew 13.5% YOY and 2.6% QOQ to AED 15.2 Bn in 3Q25, while customer deposits rose 6.5% YOY to AED 20.6 Bn in 3Q25.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    24 Jul 2025
    Ajman Bank
    HOLD
    AED 1.50
    AED 1.60
    +6.67%

    Ajman Bank- 2Q25 First Look Note

    Net advances grew 6.6% YOY and 6.5% QOQ to AED 14.8 Bn in 2Q25, while customer deposits rose 3.5% YOY and 7.9% QOQ to AED 20.0 Bn in 2Q25. NPL ratio declined from 12.3% in 2Q24 to 10.2% in 2Q25, while stage 2 loans as a percentage of total loans fell from 10.5% in 1Q25 to 7.6% in 2Q25.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    22 Apr 2025
    Ajman Bank
    HOLD
    AED 1.55
    AED 1.60
    +3.23%

    UAE Equity Research - Ajman Bank 1Q25 - First Look Note

    Net advances rose 6.1% YOY and 7.4% QOQ to AED 13.9 Bn in 1Q25, while customer deposits rose 0.4% YOY and 2.5% QOQ at AED 18.5 Bn in 1Q25. NIMs fell by 28 bps YOY to 1.9% in 1Q25, however, rose 32 bps QOQ due to the lower cost of funds.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    21 Apr 2025
    Ajman Bank
    HOLD
    AED 1.57
    AED 1.60
    +1.91%

    UAE Equity Research - Ajman Bank - Earnings Flash

    Ajman Bank reported a robust set of results for the 1Q25, demonstrating resilience across profitability, asset quality, and liquidity metrics. Despite a year-over-year decline in operating income, net profit surged by 25%, supported by efficient cost management and a substantial reversal of credit provisions. The bank continues to maintain a strong capital position.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    30 Jan 2025
    Ajman Bank
    HOLD
    AED 1.69
    AED 1.60
    -5.33%

    UAE Equity Research- Ajman Bank 4Q24- First Look Note

    Ajman Bank (AJMANBANK/ the Bank) recorded a net profit of AED 111 Mn in 4Q24 from a loss of AED 303 Mn in 4Q23, surpassing our forecast of AED 70 Mn. The growth in net profit is mainly attributable to an increase in non-funded income, a decline in operating expenses, and impairments partially offset by a fall in net funded income and higher corporate tax.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    31 Oct 2024
    Ajman Bank
    SELL
    AED 1.74
    AED 1.35
    -22.41%

    UAE Equity Research - Ajman Bank 3Q24 - First Look Note

    Net advances declined 8.4% YOY and 3.6% QOQ to AED 13.4 Bn in 3Q24, and customer deposits declined 1.4% YOY and remained at a similar level of 2Q24 at AED 19.3 Bn in 3Q24. NIMs declined 8 bps YOY and 29 bps QOQ to 2.3% in 3Q24 due to the higher cost of funds.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    23 Jul 2024
    Ajman Bank
    SELL
    AED 1.91
    AED 1.09
    -42.93%

    Higher fee and commission income boosted the bottom-line

    Net advances grew 1.3% YOY and 6.1% QOQ to AED 14 Bn in 2Q24, while customer deposits rose 0.5% YOY and 4.7% QOQ to AED 19 Bn in 2Q24.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    21 May 2024
    Ajman Bank
    SELL
    AED 1.83
    AED 1.09
    -40.44%

    Higher non-core income and reversal in impairments supported profitability

    Net advances fell 0.3% YOY and 4.8% QOQ to AED 13 Bn in 1Q24, customer deposits fell 4.4% YOY and 6.6% QOQ to AED 18 Bn in 1Q24.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    24 Apr 2024
    Ajman Bank
    HOLD
    AED 0.80
    AED 0.85
    +6.25%

    Lower provision overshadowed drop in asset yield

    Ajman Bank’s net profit rose 8.3% YoY to AED 34 million in 1Q22, from AED 31 million in 1Q21, lower than our estimate of AED 26 million.
    Download

Filter by

Advance Search

Search Company

List of companies
Search result
Commercial International Bank (COMI) Telecom Egypt