5 billion dirhams in profits "First Abu Dhabi" During the first quarter

Abu Dhabi, April 23 / WAM / First Abu Dhabi Bank recorded net profits of 5.01 billion dirhams during the first quarter of this year, while the return on tangible equity reached 17.8%, exceeding the group’s medium-term targets.

The group’s operating revenues increased by 6% compared to the same period last year to 9.34 billion dirhams, while operating profits increased by 5% to 7.22 billion dirhams.

Interest income witnessed a growth of 12% to 5.61 billion dirhams, while non-interest income reached 3.72 billion dirhams, representing 40% of the group’s revenues in the first quarter of 2026.

On the balance sheet level, total assets amounted to 1.49 trillion dirhams, an increase of 6% from the beginning of the year to date, and loans and advances increased by 8% to reach 668 billion dirhams, driven by strong momentum in granting credit across various sectors, divisions and the bank’s international network, while customer deposits increased by 4% from the beginning of the year to date to reach 871 billion dirhams supported by strong flows within the UAE.

Hana Al Rostamani, CEO of First Abu Dhabi Bank Group, said that the bank began 2026 with distinguished results, as the group recorded strong results that confirm its ability to achieve continuous, high-quality returns on a large scale and throughout the economic cycle. This performance reflects the strength of its diversified business model, its disciplined risk management, and the strength of its credit portfolio, despite the fluctuations that the region witnessed at the end of the quarter.

She added that the group continues to focus on its strategic priorities, while taking advantage of its strong capital position, liquidity reserves, and diversified financing base, which enhances its ability to face global challenges from a position of strength, while at the same time paying attention to continuous investment in technology and artificial intelligence techniques to enhance the risk management process, support decision-making, and raise its customers’ experience to the highest levels.

Al Rostamani appreciated the proactive and decisive measures taken by the wise leadership of the UAE, in addition to the supervision and control of the Central Bank of the United Arab Emirates, which contribute to enhancing the stability and solidity of the financial system.

For his part, Lars Kramer, Chief Financial Officer of First Abu Dhabi Bank Group, said that the first quarter results reflect the solidity of the foundations and the flexibility of the bank’s diversified business portfolio, with the continued discipline of implementation despite the regional conditions and the accompanying fluctuations in the markets during the month of March.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related