earnings "Abu Dhabi I" 23% jump to 5.13 billion dirhams during the first quarter

Abu Dhabi, April 29/ WAM/ The first Abu Dhabi Bank announced, achieving strong results during the first quarter of 2025, as the group’s net profits reached 5.13 billion dirhams, recording 23% growth compared to the same period last year, and the group’s profits before the tax reached 6.13 billion dirhams, with a growth of 22% compared to the same period last year.

This financial performance, according to the bank, reflects the momentum of escalating business, the continuous increase in customer activity, and the diversity of revenue sources, as the first Abu Dhabi Bank maintained a strong position that qualifies it to achieve the best value and provide sustainable returns to shareholders.

The operational revenues increased to 8.81 billion dirhams, achieving an increase of 11% compared to the first quarter of 2024, after registering a double number growth across all sectors, and increasing the unpredictable revenues on interest by 22%, to contribute 43% of the group’s total revenues, which confirms the success of the bank’s strategy to diversify the sources of revenues.

On the other hand, loans and deposits increased by 8% and 4%, respectively, compared to the same period last year, while the total assets increased by 6% compared to the same period last year, exceeding 1.3 trillion dirhams for the first time at all.

The net interest margin increased by 4 basis points compared to last quarter to 1.97%, while the cost rate to revenue improved to 22.3% compared to 24.0% during the first quarter of 2024.

The revenue on concrete property rights increased to 20.4%, compared to 17.4% during the first quarter of last year, in line with the medium-range goal of Abu Dhabi Bank first by achieving a return exceeding 16%, while the bank maintained the solid foundations of the public budget, where it obtained a credit rating at AA-.

The strong performance of the first Abu Dhabi Bank during the first quarter of 2025 contributes to the consolidation of its position as a prominent financial institution in the banking sector in the region, and a major contribution to advancing the march of economic growth and prosperity in the United Arab Emirates.

Hana Al Rostamani, CEO of Abu Dhabi First Bank Group, said that the results reflect the group’s continued implementation of its strategic priorities, benefiting from the growth and prosperity of the national economy, the expansion of its international network and business sectors that include banking services for investment and markets, banking services for companies, banking services for individuals, business, wealth management, and the group of distinguished customers, in addition to its external branches, and keeper The bank is in its leading position as a global bank for the UAE with a strong public budget and a total of 1.3 trillion dirhams.

She drew attention to the increase in the revenue on concrete property rights to 20.4%, in line with the group’s commitment to achieving a sustainable value for shareholders throughout the year, while the bank maintained strong capabilities that include high liquidity and asset quality.

Al -Rostamani affirmed the continuation of the first Abu Dhabi Bank its efforts to benefit from modern innovations and artificial intelligence technologies to enhance productivity, prediction analysis and improve services, as the bank during the first quarter took additional steps to integrate artificial intelligence and an artificial intelligence advisor was appointed as an observer in the Board of Directors. The banking services sector for investment and markets achieved a strong performance in the revenue level, which increased by 15% compared to the same period last year, and by 22% compared to last quarter.

The revenues of the banking services sector for companies increased by 12% compared to the same period last year, as a result of its specialized experiences in the various business sectors and the integrated group of products and solutions and its ability to achieve growth in loans and deposits by 13% and 18% compared to the same period last year, respectively, with significant growth in current account balances and savings accounts.

The revenues of the banking services sector for individuals, business, wealth management, and the group of distinguished customers increased by 11% compared to the same period last year, and by 7% compared to last quarter, which reflects the continuous polarization of new customers, and improving their experience by benefiting from advanced technology and artificial intelligence.

The international business portfolio witnessed a significant increase in the public budget, as loans and deposits increased by more than 19% and 13% compared to the same period last year, respectively, from various countries.

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