Abu Dhabi First Bank Reports Strong Q1 2026 Profits
Abu Dhabi First Bank has announced a net profit of 5.01 billion dirhams for the first quarter of 2026, achieving a return on tangible equity of 17.8%, surpassing the group’s medium-term targets.
Operating revenues grew by 6% compared to the same period last year, totaling 9.34 billion dirhams, while operating profits saw a 5% increase, reaching 7.22 billion dirhams.
Interest income rose by 12% to 5.61 billion dirhams. Non-interest income amounted to 3.72 billion dirhams, representing 40% of the group’s total revenues in Q1 2026.
In terms of the balance sheet, total assets reached 1.49 trillion dirhams, marking a 6% increase since the beginning of the year. Loans and advances grew by 8% to 668 billion dirhams, driven by robust credit momentum across various sectors and departments, as well as the bank’s international network. Customer deposits also increased by 4% since the year started, totaling 871 billion dirhams, supported by strong inflows within the UAE.
Hanan Al Rostamani, CEO of Abu Dhabi First Bank Group, stated that the bank commenced 2026 with outstanding results, indicating its ability to deliver consistently high-quality returns across the economic cycle. This performance reflects the strength of its diversified business model, disciplined risk management, and resilience of its credit portfolio, despite regional fluctuations observed at the end of the quarter.
Al Rostamani emphasized that the group remains focused on its strategic priorities, leveraging its strong capital position, liquidity reserves, and diverse funding base to tackle global challenges effectively. Furthermore, it continues to invest in technology and artificial intelligence to enhance risk management, support decision-making, and elevate customer experience.
She also acknowledged the proactive and decisive measures taken by the UAE leadership, along with oversight from the Central Bank of the UAE, which contribute to reinforcing the stability and robustness of the financial system.
Lars Kramer, Chief Financial Officer of Abu Dhabi First Bank Group, noted that the first quarter results reflect the solid fundamentals and adaptability of the bank’s diversified business portfolio, as disciplined execution remains a priority despite regional challenges and market fluctuations experienced in March.