FAB’s Pre-Tax Profit Climbs to AED 13.2 Billion as Net Earnings Edge Higher
First Abu Dhabi Bank reported a profit before tax of AED 13.20 billion for the first half of 2026, up 3% from a year earlier, as stronger interest income, lending growth and sustained client activity supported the UAE lender’s performance.
Net profit increased by 1% year on year to AED 10.73 billion, while operating income rose 7% to AED 19.50 billion, according to the bank’s first-half financial results. Return on tangible equity stood at 18.5%, remaining above FAB’s medium-term guidance.
Net interest income climbed 14% to AED 11.48 billion, supported by higher business volumes and improved margins. Non-interest income reached AED 8.02 billion, accounting for 41% of the group’s total operating income during the six-month period.
The second quarter delivered the strongest contribution to the half-year performance. Profit before tax rose 16% from the previous quarter and 6% year on year to AED 7.08 billion, while quarterly net profit increased 4% annually to AED 5.72 billion.
FAB’s total assets increased by 2% from the end of 2025 to AED 1.41 trillion at the end of June. Net loans and advances grew 7% to AED 661 billion, while customer deposits rose 1% to AED 853 billion.
Asset quality remained resilient, with the non-performing loan ratio improving to 2.2%. The bank’s common equity Tier 1 ratio rose to 13.7%, while its liquidity coverage ratio stood at 140%, remaining comfortably above regulatory requirements.
Hana Al Rostamani, Group Chief Executive Officer of FAB, said the results demonstrated the scale and diversification of the bank’s franchise, as well as its ability to generate strong returns through disciplined execution and continued investment in artificial intelligence.
The bank said its expanded use of AI had delivered productivity improvements of more than 20% and reduced manual work by between 70% and 80% across selected workflows. FAB also reported that its international operations generated 22% of group revenue after posting 35% year-on-year growth.
During the period, FAB’s investment banking and markets business recorded an 8% increase in revenue to AED 6.42 billion, while wholesale banking revenue rose 16% to AED 3.41 billion. The bank has also facilitated AED 395 billion in sustainable and transition financing, equivalent to 79% of its AED 500 billion target for 2030.