United Arab Bank; Ratings Affirmed with a Stable Outlook

1 July 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of United Arab Bank (UAB) at ‘BBB+’ and ‘A2’, respectively.  At the same time, CI Ratings has affirmed UAB’s Bank Standalone Rating (BSR) of ‘bbb-’, Core Financial Strength (CFS) rating ‘bb+ and Extraordinary Support Level (ESL) of High. The Outlook on the LT FCR and BSR is Stable.

UAB’s LT FCR is set two notches above the BSR to reflect the high likelihood of the Bank receiving extraordinary support from the UAE government in case of need. The UAE government (sovereign ratings: ‘AA-’/ ‘A1+’/ Stable) has demonstrated such support in the past and, in CI’s view, has the means and willingness to continue to do so in the future. The Bank can also expect ordinary support from its principal shareholder, The Commercial Bank (P.S.Q.C) (CB).

The Bank’s BSR is…