Today's Edition
ABU DHABI (ALETIHAD)
Abu Dhabi Islamic Bank (ADIB) has reported impressive results in the first nine months of the year, with profit before tax increasing 6% year-on-year to Dh6.4 billion.
ADIB said growth was broad-based, supported by significant customer financing growth, healthy asset quality and diversified revenue streams, demonstrating the continued strength of the Bank’s core business.
Franchise momentum remained strong, with ADIB adding more than 200,000 new customers during the period, supporting continued balance sheet growth and expanding the bank’s customer base.
Net profit after tax for the first nine months of 2026 stood at Dh5.6 billion, up 6% compared to the corresponding period in 2025, with the bank continuing to deliver industry-leading profitability, generating a return on equity of 28%.
Revenue reached Dh9.7 billion in the first nine months of 2026, increasing 6% year-on-year, driven by strong momentum across ADIB’s core businesses and continued franchise expansion.
Asset quality continued to strengthen in the first nine months of 2026, with further improvement across key credit quality and coverage metrics.
ADIB maintained strong balance sheet momentum in the first nine months of 2026, with total assets increasing 18% year-on-year to Dh318 billion, reflecting continued expansion across the Bank’s core businesses.
Gross customer financing increased 25% year-on-year, adding Dh43 billion over the past 12 months and 18% or Dh33 billion year-to-date.
Growth remained well ahead of the bank’s full-year guidance and was broad-based across retail and wholesale banking.
Customer deposits increased 17% year-on-year to Dh 259 billion, adding Dh30 billion year-to-date and supporting the continued expansion of the Bank’s balance sheet.
Jawaan Awaidah Al Khaili, Chairman, said: “ADIB’s continued growth reflects the strength of our franchise and the trust of our customers, with strong financing momentum, an expanding customer base and strong asset quality positioning the bank well for the next phase of growth under Vision 2035.”
