Abu Dhabi- Mubasher: The net profits of First Abu Dhabi Bank (FAB) declined by 2% year-on-year (YoY) to AED 5.01 billion in the first quarter (Q1) of 2026 from AED 5.12 billion, according to the financial results.
The lender generated operating income totaling AED 9.33 billion at the end of March 2026, up 6% year-on-year (YoY) from AED 8.81 billion. Meanwhile, the EPS fell to AED 0.43 from AED 0.44.
In the first three months (3M) of 2026, the total assets hiked by 14% YoY to AED 1.49 trillion, whereas the customers’ deposits increased by 4% YoY to AED 871 billion.
On a quarterly basis, the Q1-26 earnings retreated from AED 5.09 billion in Q4-25, while the operating income climbed by 3% from AED 9.02 billion.
Group CEO Hana Al Rostamani commented: “Our Q1-26 performance reflects the strength of our diversified franchise, disciplined risk management, and strong credit profile, despite a more volatile backdrop towards the end of the quarter.”
“These fundamentals are reflected in our AA- or equivalent credit rating, the strongest combined rating among MENA banks and one of the strongest globally, alongside consistent profitability, supported by a balanced revenue mix, disciplined cost management, and a prudent risk approach,” Al Rostamani noted.
In 2025, FAB logged net profits attributable to shareholders valued at AED 21.11 billion, higher by 24% YoY than AED 17.05 billion. Building on its strong financial performance, the bank announced cash dividends of AED 8.84 billion.
