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In a statement, First Abu Dhabi Bank reported a net profit of AED 10.73 billion for the first half of 2026, marking a 1 percent rise from the same period in 2025. The lender posted operating income of AED 19.50 billion, up 7 percent year on year, while profit before tax increased 3 percent to AED 13.20 billion. The results produced a return on tangible equity of 18.5 percent, which the bank said remained above its medium-term guidance even as it moderated from 20.5 percent a year earlier. Second-quarter profit before tax reached AED 7.08 billion, reflecting a 16 percent sequential increase and a 6 percent gain from the year-ago quarter.
The bank’s statement detailed net interest income of AED 11.48 billion, which grew 14 percent year on year, alongside non-interest income of AED 8.02 billion that accounted for 41 percent of operating income. Investment banking and markets revenues climbed 8 percent to AED 6.42 billion, wholesale banking revenues advanced 16 percent to AED 3.41 billion and the personal, business, wealth and privileged client banking division delivered AED 6.58 billion, a 2 percent increase. International franchise revenues surged 35 percent year on year and contributed 22 percent of total group revenue, according to the release.
According to the statement, total assets stood at AED 1.41 trillion as of the end of June 2026, a 2 percent rise year to date, while net loans and advances expanded 7 percent to AED 661 billion. Customer deposits increased 1 percent to AED 853 billion over the same period, and international assets reached AED 437 billion. The bank maintained a common equity tier one ratio of 13.7 percent at mid-year, improved from 13.4 percent in June 2025, with a liquidity coverage ratio of 140 percent and a non-performing loan ratio of 2.2 percent.
The release noted that First Abu Dhabi Bank had facilitated AED 395 billion in sustainable financing, achieving 79 percent of its AED 500 billion target for 2030, and held an MSCI ESG rating of AA. It also highlighted AI initiatives that produced more than 20 percent productivity uplift and cut manual effort by 70 to 80 percent across targeted processes. Credit ratings were reaffirmed at AA- or equivalent with stable outlooks by Moody’s, Fitch and S&P, the statement added.
Hana Al Rostamani, group chief executive officer, said in the statement, “FAB’s first-half 2026 performance demonstrates the scale and diversification of our franchise, and our ability to deliver strong returns through consistent strategy execution.” She added that the results reflected the strength of the client base and trusted relationships across home and international markets while targeted investments in AI capabilities sustained growth momentum. Al Rostamani further noted the UAE government’s commitment to long-term resilience provided a strong backdrop, positioning the bank to support the country’s growth agenda through its financing expertise and global reach.
Lars Kramer, group chief financial officer, said in the statement, “FAB delivered a strong set of results in the first half of 2026, with Q2 marking a record quarter.” He continued that operating profit surpassed AED 8.0 billion, rising 11 percent sequentially and 8 percent year on year, due to broad-based momentum, margin expansion, stronger investment portfolio performance and disciplined cost management. Kramer pointed to enhanced management overlays as part of a prudent risk approach, with the CET1 ratio supporting capital generation and the issuance of USD 750 million in Tier 2 notes at the tightest spread for a GCC bank of this instrument type.
