Page 42 - ALEF EDUCATION PR RPEORT MAY 2025

More 1Q earnings: Mashreq | Borouge | Americana |

DAE | Alef Education

Mashreq’s client asset growth helped cushion the impact of the UAE Central Bank’s rate cut
• 05:34

MASHREQ-

Our friends at Mashreq reported a net income after tax of AED 1.8 bn in 1Q 2025, marking a
12.2% y-o-y decline, while net income before tax came in at AED 2.1 bn, according to its financial
statements (pdf). Revenues came in at AED 3.1 bn for the quarter, down 0.7% y-o-y. The bank’s
“client asset growth and healthy client margins helped cushion the impact of the 100 bps reduction
in the UAE Central Bank’s interest rate,” according to its earnings release (pdf).

Driving the performance: The lender saw a 14% y-o-y jump in loans and advances, a 10% rise in
customer deposits, and double-digit growth in non-interest income. Total assets reached AED 273
bn, up 9% y-o-y.

https://enterprise.news/uae/en/news/story/6b4ed684-e4bb-467e-9157-cbb59975cfaa/more-1q-
earnings:-mashreq-%257c-borouge-%257c-americana-%257c-dae-%257c-alef-education