Ajman Bank Reiterated at Buy as FAB Notes 'Resilient' Q2 Performance

06:33 AM EDT, 07/29/2026 (MT Newswires) -- FAB Securities maintained its investment view on Ajman Bank (DFM:AJMANBANK) as it took note of the lender's second-quarter results. "We maintain BUY rating on AJMANBANK with a target price of AED 1.80. AJMANBANK delivered another quarter of resilient financial performance in 2Q26, supported by continued expansion in its financing portfolio and healthy growth in non-funded income," analysts said Wednesday. Net profit for the three-month period rose 5.8% year over year to 117 million Emirati dirhams, which aligned with FAB's estimate of 119 million dirhams. The increase was attributed to growth in funded- and non-funded income, as well as higher impairment reversals. Total operating income, meanwhile, climbed 7.6% to 216 million dirhams, compared with the research firm's 235 million-dirham forecast. "The Bank continues to focus on disciplined growth, diversified income generation, prudent risk management and operational efficiency to deliver sustainable financial performance," FAB wrote.