First Abu Dhabi Bank's nine-month profit rises 3% to Dh16.46 billion

Dubai: First Abu Dhabi Bank (FAB) announced a 3% increase in net profit for the first nine months of 2026, reaching Dh16.46 billion. Higher lending volumes, better interest margins, and growth in banking businesses contributed to the profit rise. Operating income grew by 7%, reaching Dh29.71 billion, while profit before tax increased by 5% to Dh20.22 billion.

FAB's lending volume grew by 10% year-to-date, totaling Dh679 billion, with customer deposits increasing by 5% to Dh885 billion. Net interest income rose by 11% to Dh16.98 billion, while non-interest income climbed by 3% to Dh12.73 billion. Group operating profit and profit before tax both increased by 8% and 5%, respectively. Group CEO Hana Al Rostamani noted the results reflected the bank's growth and strategy execution.

CFO Lars Kramer highlighted an 11% increase in third-quarter operating profit, driven by higher income and efficiency. The bank's asset quality improved, with the non-performing loan ratio decreasing to 2.1% from 2.6% a year earlier. FAB's CET1 capital ratio was 14%, and its liquidity coverage ratio remained above the regulatory minimum of 100%.

The bank also issued Dh1 billion in Digitally Native Green Notes, expanding its funding capabilities and investing in green finance. FAB achieved AA- or equivalent credit ratings with stable outlooks from major rating agencies.