Today's Edition
ABU DHABI (WAM)
First Abu Dhabi Bank (FAB) has delivered a record financial performance in the first half of 2025, reporting a net profit of Dh10.63 billion, up 26 percent year-on-year, surpassing the Dh10 billion mark for the first time in a half-year period.
Earnings per share grew 27 percent yoy to Dh0.93 in H1’25 and Return on Tangible Equity (RoTE) stood at 20.5 percent, firmly on track with FAB’s medium-term guidance of above 16 percent.
Profit before tax increased 29 percent to Dh12.83 billion driven by a 16 percent yoy rise in operating income to Dh18.31 billion in H1’25.
Net interest income rose 2 percent yoy to Dh9.96 billion, and non-interest income grew 41 percent to Dh8.35 billion.
The latter was driven by a 25 percent rise in fees and commissions on the back of strong deal origination and deal execution, and a 30 percent increase in FX and investment income, supported by robust client flows and a strong trading performance.
Loans and advances rose 7 percent ytd to Dh568 billion, while customer deposits increased 4 percent to Dh813 billion, reflecting healthy growth across both wholesale and retail franchises.
Total assets grew 11 percent ytd to Dh1.34 trillion.
Group Chief Executive Officer of FAB, Hana Al Rostamani, said, "Our record performance reinforces FAB’s position as the UAE’s Global Bank and reflects a franchise defined by scale, connectivity, and innovation, with AI increasingly embedded in how we operate and how we serve our clients."
Group Chief Financial Officer of FAB, Lars Kramer, stated, "We achieved broad-based growth with all divisions delivering double-digit revenue expansion, highlighting effective balance sheet deployment, the deepening of relationships and sustained client engagement in dynamic market conditions."
