{
  "id": 16868676,
  "title": "ADIB records higher nine-month earnings as financing expands",
  "url": "https://urgent.news/2026/10/28/adib-records-higher-nine-month-earnings-as-financing-expands",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T07:04:36.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/adib-records-higher-nine-month-earnings-as-financing-expands/"
  },
  "original_language": "en",
  "account": "Abu Dhabi Islamic Bank (ADIB) reported a 6% increase in nine-month earnings to Dh6.4 billion before tax, driven by expanding customer financing, higher income, and improved credit quality. Net profit after tax rose to Dh5.6 billion, also up 6% from the previous year. Revenue increased 6% to Dh9.7 billion, with a return on equity of 28%. Gross customer financing grew 25% year-on-year to Dh218 billion, adding Dh43 billion over the year. The bank's portfolio expanded by Dh33 billion, or 18%, in the last 12 months, with growth across retail and wholesale banking. Customer deposits increased 17% to Dh259 billion, including Dh30 billion added in 2026. Total assets reached Dh318 billion, an 18% increase year-on-year. The bank attracted over 200,000 new customers during the nine months. Asset quality improved, with non-performing assets declining to 2% of the financing portfolio from 3.3% a year earlier. Impairment charges dropped 12% to Dh451 million. Provision coverage exceeded 114.3%, indicating a strong cushion against impaired financing. Funded income grew 11% to Dh6.1 billion, with a net profit margin of 3.64%. Non-funded income remained broadly unchanged at Dh3.6 billion, contributing approximately 37% to total revenue. Operating expenses increased 9% to Dh2.8 billion, with a cost-to-income ratio of 29.1%. The results precede a planned Dh1.75 billion rights issue to strengthen ADIB's capital base and finance expansion under its Vision 2035 strategy.",
  "summary": "Arabian Post Staff -Dubai Abu Dhabi Islamic Bank reported a 6 per cent rise in nine-month profit before tax to Dh6.4 billion, supported by expanding customer financing, higher income and improving credit quality. Net profit after tax reached Dh5.6 billion in the nine months ended 30 September 2026, also increasing 6 per cent from a year earlier. Revenue rose 6 per cent to Dh9.7 billion, while the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}