3.36 billion dirhams in net profits for “Abu Dhabi Commercial” in the first quarter

Abu Dhabi Commercial Bank achieved net profits after tax of 3.361 billion dirhams during the first quarter of this year, which was reflected in achieving a return on average shareholders’ equity of 16.3%.

The bank recorded record pre-tax profits amounting to 3.781 billion dirhams, a growth of 30% compared to the same period last year, continuing the growth process for the 19th consecutive quarter, according to a statement issued today.

Income from operations increased by 18% year-on-year to reach 5.934 billion dirhams, supported by a strong increase in non-interest income, which rose by 36% to reach 2.196 billion dirhams.

In the context of enhancing operational efficiency, the cost-to-income ratio improved by 360 basis points to reach 25.6%, as a result of revenue growth and reduced operational costs, which reflects a disciplined approach to managing expenses.

At the balance sheet level, total assets increased by 19% to reach 809 billion dirhams, while net loans to customers increased by 18% to reach 426 billion dirhams.

Customer deposits also grew by 18% to reach 523 billion dirhams, with a net growth in current and savings accounts of 14 billion dirhams during the first quarter.

The bank maintained strong levels of liquidity and capital, with the Tier 1 common equity ratio reaching 13.82%, and the liquidity coverage ratio reaching 124.2%.

Abu Dhabi Commercial Bank Group CEO, Alaa Erekat, said that the bank maintained the momentum of its operational operations with the branches continuing to operate without interruption and expanding the scope of customer support at all levels through various banking channels. Within the framework of its institutional role, the bank took the initiative to provide exclusive products and services to support individuals working on the front lines, in addition to providing a range of banking services to commercial institutions to enhance their financial flexibility and support the continuity of their businesses.

He added that the bank, in the second year of the five-year strategy, continued to intensify its efforts aimed at consolidating its position as a leading financial institution that relies on the latest digital solutions and artificial intelligence, and the bank began the year 2026 by maintaining its strong performance and achieving record results.

For his part, Group Chief Financial Officer, Deepak Kohler, said that the exceptional performance achieved by the bank during the first quarter reflects strong growth in all business sectors, and the increasing diversification of revenue sources and the continuous improvement in levels of operational efficiency are essential pillars for achieving high revenues and consolidating the bank’s ability to adapt to changes.

He added that the bank continued to achieve solid growth in the balance sheet, as net loans increased by 20 billion dirhams, by 5% compared to the previous quarter, based on business growth across major economic sectors and providing total loans worth 10 billion dirhams to government-related institutions.

He also pointed out that the bank succeeded in attracting deposits worth 23 billion dirhams during the first quarter, an increase of 5% compared to the previous quarter, which included net financial flows worth 14 billion dirhams from deposits in current and savings accounts, reaching 47% of total deposits.