Dubai, UAE — July 2026 — First Abu Dhabi Bank reported a 1 percent year-on-year increase in net profit for the first half of 2026, reaching AED 10.73 billion ($2.9 billion), while tangible return on equity remained above the group’s medium-term guidance at 18.5 percent.
The group’s operating income grew 7 percent year-on-year to AED 19.50 billion, and profit before tax rose 3 percent year-on-year to AED 13.20 billion for the first half of 2026.
Revenue growth was underpinned by broad-based performance across the group’s business segments. Net interest income rose 14 percent year-on-year to AED 11.48 billion, driven by higher business volumes and improved margins, while non-interest income held steady at AED 8.02 billion, contributing 41 percent of the group’s total operating income for the first half of 2026.
In the second quarter, the bank posted a 16 percent rise in profit before tax compared with the previous quarter, and a 6 percent increase year-on-year, reaching AED 7.08 billion. Operating profit for the second quarter of 2026 climbed 11 percent quarter-on-quarter to exceed AED 8 billion, reflecting the strength of the group’s diversified earnings drivers.
Strong lending activity and continued deposit inflows supported balance sheet growth during the period. Total assets rose 2 percent year-to-date to AED 1.41 trillion by the end of June 2026. Loans and advances increased 7 percent year-to-date to AED 661 billion, supported by broad-based growth across sectors, while customer deposits rose 1 percent year-to-date to AED 853 billion.
During the period, FAB reinforced its financial strength as Moody’s, Fitch, and S&P Global reaffirmed the group’s credit ratings at “AA-” or equivalent, with a stable outlook.
Group Chief Executive Officer of First Abu Dhabi Bank, Hana Al Rostamani, said the bank’s strong performance in the first half of the year reflects the scale, breadth, and diversity of its business, and its ability to continue delivering strong returns through the effective and consistent execution of its strategy.
She added that the results reflect the strength of the bank’s customer base and the depth of the trust-based relationships it has built in its home market and across its international network.
Group Chief Financial Officer of First Abu Dhabi Bank, Lars Kramer, said FAB delivered a strong performance in H1 2026, capped by a record second quarter. This performance was supported by improved margins, robust customer activity and transaction volumes, and strong performance within the bank’s investment portfolio amid favorable market conditions, alongside continued discipline in cost management.
He noted that while the core portfolio maintained its quality, the bank continued to build prudent management provisions during the period, reflecting its prudent approach to risk management amid a changing operating environment.
On artificial intelligence, the group continues to integrate AI broadly to support sustainable, scalable growth, enhance productivity and efficiency, and elevate the customer experience. The group has achieved tangible, measurable business value at scale, boosting productivity by more than 20 percent and cutting manual effort by 70 percent to 80 percent across key business lines, supported by the accelerated expansion of its AI agent ecosystem and diverse applications.
On sustainable finance, the bank announced it has facilitated AED 395 billion in sustainable and transition finance to date, achieving 79 percent of its AED 500 billion target for 2030, in line with its commitment to delivering tangible, purposeful impact through its financing ecosystem.
