Our friends at Mashreq posted AED 3.2 bn in operating income in 3Q 2025, up 8% y-o-y on the back of increased client activity, robust core operations, and a 20% y-o-y uptick in non-interest income, according to its financials (pdf) and a separate management discussion and analysis report (pdf). Net income after tax rose 2% q-o-q to come in at AED 1.7 bn for 3Q.

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On a nine-month basis, Mashreq saw its operating income reach 9.4 bn, up 3.1% y-o-y, driven by strong performance from its corporate, retail, and international segments. Net income before tax came in at AED 6.1 bn, as income from investment rose 50% y-o-y to AED 311 mn and income from ins., FX, and other income streams increased by 41% to just shy of AED 2 bn. Customer loans and advances grew by 21% compared to 9M 2024 and customer deposits also saw strong performance — up 20% y-o-y.

The bank also logged total assets of more than AED 300 bn for the first time, as lending to customers and banks increased by 24% y-o-y and customer deposits reached AED 187 bn.

The bank is expanding its operations in Asia this year: The lender rolled out commercial operations in Pakistan in September, and is preparing to open its first branch in India’s GIFT City in 4Q 2025. “Our growing presence across key international markets is enabling us to support the flow of capital and commerce along vital global trade corridors connecting Asia, the Middle East, Europe, and the United States,” CEO Ahmed Abdelaal said.

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