First Abu Dhabi Bank’s third quarter profit climbs 6% due to strong business activity

First Abu Dhabi Bank announced a 6% increase in its third-quarter profit, driven by robust business activity. The bank's net profit attributable to shareholders for the three months ending September 30 reached 5.73 billion ($1.5 billion), marking the largest lender in the UAE by assets' highest quarterly profit. Net interest income for the quarter increased nearly 7% year-on-year to Dh4.8 billion, while net fee and commission income grew by 16% to Dh1.4 billion.

The Abu Dhabi-based lender's nine-month profit grew by 3% to Dh16.4 billion. Group chief executive Hana Al Rostamani attributed this performance to sustained growth across the bank's businesses, the strength of its diversified platform, and the continued expansion of its global operations. Net impairment charges for the third quarter amounted to Dh1 billion, up from Dh850 million reported for the same period last year.