Today's Edition
ABU DHABI (WAM)
Abu Dhabi Commercial Bank (ADCB) reported a 20% year-on-year (YoY) increase in profit before tax to Dh2.907 billion for Q1-2025, while net profit after tax rose to Dh2.446 billion, according to a bank statement released on Tuesday.
The bank's net interest income increased by 3% YoY to Dh3.394 billion. Non-interest income surged by 26% YoY to Dh1.619 billion, with its operating income rising 9% YoY to Dh5.013 billion.
Its total assets grew by 14% YoY to Dh680 billion. Net loans expanded 13% YoY to Dh359 billion. Customer deposits rose 15% YoY to Dh442 billion, supported by strong CASA (Current and Savings Account) inflows, with CASA deposits accounting for 45% of total deposits.
