First Abu Dhabi Bank (FAB) reported net profits of AED 5.01 billion ($1.36 billion) for the first quarter of this year, while return on tangible equity reached 17.8 percent, exceeding the group’s medium-term targets.
The bank said in a statement on the Abu Dhabi Securities Exchange website that operating revenues rose by 6 percent compared to the same period last year to AED 9.34 billion (about $2.5 billion), while operating profits rose by 5 percent to AED 7.22 billion.
Interest income grew by 12 percent to AED 5.61 billion, while non-interest income reached AED 3.72 billion, representing 40 percent of the group’s revenue in the first quarter of 2026.
On the balance sheet, total assets reached AED 1.49 trillion, up 6 percent year-to-date. Loans and advances also increased by 8 percent to AED 668 billion, driven by strong momentum in credit granting across various sectors, departments and the bank’s international network, while customer deposits increased by 4 percent year-to-date to AED 871 billion, supported by strong inflows within the UAE.
Hana Al Rostamani, Group CEO of First Abu Dhabi Bank, said that the bank started 2026 with outstanding results, as the group recorded strong results that confirm its ability to achieve consistent, high-quality returns across a broad scale and throughout the economic cycle. This performance reflects the strength of its diversified business model, its disciplined risk management, and the robustness of its credit portfolio, despite the volatility witnessed in the region at the end of the quarter.
She added that the group continues to focus on its strategic priorities, leveraging its strong capital position, liquidity reserves, and diversified funding base to enhance its ability to meet global challenges from a position of strength, while also paying attention to continuous investment in technology and artificial intelligence techniques to enhance risk management, support decision-making, and elevate its customers’ experience to the highest levels.
Al Rostamani praised the proactive and decisive measures taken by the wise leadership of the UAE, along with the supervision and oversight of the Central Bank of the UAE, which contribute to enhancing the stability and resilience of the financial system.
Lars Kramer, Group Chief Financial Officer of First Abu Dhabi Bank, said that the first quarter results reflect the strength of the bank’s fundamentals and the resilience of its diversified business portfolio, with continued disciplined execution despite regional conditions and the accompanying market volatility during March.
