Dubai Commercial Bank’s chief financial officer, Darren Clark, told CNBC Arabia that the bank’s non-performing loan ratio fell to 3.55%, marking one of the lowest levels in the institution’s history.
He also disclosed that credit losses for the bank reached approximately 150 million dirhams during the first quarter of 2026, exceeding previous guidance that had projected costs to remain below 50 basis points.
Meanwhile, Emirates NBD reported a 3% increase in net profit for the first quarter of 2026, reaching 6.4 billion dirhams, according to financial data released by the bank.
Dubai Commercial Bank’s net profit for the same period amounted to 830 million dirhams, as stated in its quarterly financial results.
These results reach amid cautious growth in the UAE banking sector, with ongoing pressures from liquidity constraints and risk factors influencing sector performance.
