First Abu Dhabi Bank reported a net profit of AED5.01 billion for the first quarter of 2026, underpinned by strong lending activity, stable margins, and a diversified revenue base.
The bank maintained a Return on Tangible Equity (RoTE) of 17.8 percent, staying above its medium-term guidance despite a more volatile macroeconomic backdrop toward the end of the quarter.
Operating income rose 6 percent year-on-year to AED9.34 billion, while operating profit increased 5 percent to AED7.22 billion, reflecting steady business performance across segments.
Net interest income grew 12 percent year-on-year to AED5.61 billion, supported by healthy business volumes and resilient margins. Non-interest income contributed AED3.72 billion, accounting for 40 percent of total group revenue, highlighting FAB’s balanced income mix.
The bank’s balance sheet continued to expand, with total assets rising 6 percent year-to-date to AED1.49 trillion, crossing the $400 billion mark for the first time. Loans and advances increased 8 percent to AED668 billion, while customer deposits grew 4 percent to AED871 billion, driven by strong inflows within the UAE.
Hana Al Rostamani, Group CEO of FAB, said the performance reflects the bank’s diversified franchise, disciplined risk management, and strong credit profile.
“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,” she said, adding that the bank remains well-positioned to navigate global uncertainties.
She also highlighted the bank’s continued investment in technology and artificial intelligence to enhance risk management, improve decision-making, and elevate client experience.
Chief Financial Officer Lars Kramer said the results demonstrate consistent execution despite heightened regional tensions and market volatility, reinforcing the group’s resilience.
FAB’s performance underscores the strength of the UAE banking sector, supported by robust economic fundamentals, regulatory stability, and sustained credit demand.
With input from WAM
