Abu Dhabi Commercial Bank (ADCB) has reported a record profit before tax of AED 11.67 billion for the first nine months of 2026, representing a 28% increase compared with AED 9.11 billion during the corresponding period of 2025.
According to the bank’s financial results announced on October 22, 2026, net profit after tax increased by 27% year-on-year to AED 10.30 billion, compared with AED 8.10 billion in the first nine months of 2025.
The performance marked ADCB’s 21st consecutive quarter of year-on-year growth in profit before tax, reflecting continued expansion across its banking operations and improved credit quality.
Operating income reached AED 18.31 billion, up 10% compared with AED 16.62 billion in the corresponding period last year, supported by growth in non-interest income and lending activities.
Total net interest income, including income from Islamic financing and investing products, increased by 4% to AED 11.34 billion, compared with AED 10.86 billion in the first nine months of 2025.
Non-interest income increased by 21% to AED 6.96 billion, representing approximately 38% of total operating income, compared with 34.7% in the corresponding period last year.
Net fees and commission income rose by 24% to AED 3.37 billion, supported by loan processing, trade finance and card-related activities.
Net trading income increased by 39% to AED 2.89 billion, reflecting higher gains from financial instruments and foreign exchange activities.
Operating profit before impairment charges increased by 11% to AED 13.30 billion, compared with AED 12.02 billion in the first nine months of 2025.
Operating expenses rose by 9% to AED 5.01 billion, reflecting continued investment in technology, artificial intelligence, talent and business development.
Despite higher expenses, ADCB’s cost-to-income ratio improved to 27.3%, compared with 27.7% in the corresponding period last year, indicating improved operating efficiency.
Impairment charges declined by 44% year-on-year to AED 1.65 billion, compared with AED 2.92 billion in the first nine months of 2025, contributing significantly to the bank’s profitability growth.
The bank reported a cost of risk of 36 basis points for the nine-month period, compared with 73 basis points a year earlier.
For the third quarter of 2026, ADCB reported a record profit before tax of AED 4.06 billion, representing a 28% increase compared with AED 3.17 billion in Q3 2025.
Quarterly net profit after tax increased by 15% to AED 3.56 billion, compared with AED 3.09 billion in the corresponding quarter last year.
Third-quarter operating income rose by 8% to AED 6.33 billion, while non-interest income increased by 19% to AED 2.45 billion.
On the balance sheet, total assets reached AED 889.99 billion as of September 30, 2026, representing an increase of 15% compared with AED 773.65 billion at the end of December 2025 and 20% year-on-year.
Net loans and advances increased by 16% year-to-date to AED 468.99 billion, compared with AED 403.03 billion at the end of 2025.
During the third quarter alone, net loans and advances expanded by approximately AED 24 billion, supported by financing demand across retail, corporate, government-related and other economic sectors.
Customer deposits increased by 12% year-to-date to AED 558.16 billion, compared with AED 499.78 billion at the end of December 2025.
Current and savings account deposits represented 45% of total customer deposits as of September 30, 2026.
Asset quality continued to improve, with the non-performing loan ratio declining to a record low of 1.60%, compared with 1.83% at the end of December 2025.
The bank’s provision coverage ratio stood at 156%, while its total coverage ratio, including collateral, reached 263%.
ADCB maintained a strong capital position, reporting a Common Equity Tier 1 capital ratio of 13.79% and a total capital adequacy ratio of 16.54%.
The liquidity coverage ratio stood at 116.8%, while the loan-to-deposit ratio was 84%.
Return on average equity after tax increased to 16.2% for the first nine months of 2026, compared with 14.7% during the corresponding period last year.
Basic earnings per share increased to AED 1.25, compared with AED 1.02 in the first nine months of 2025, while diluted earnings per share rose to AED 1.24 from AED 1.01.
Following improvements in credit quality, ADCB lowered its full-year 2026 cost-of-risk guidance to below 50 basis points, compared with its previous guidance of below 60 basis points.
The bank also reaffirmed its five-year strategic objective of doubling annual net profit to AED 20 billion, supported by a targeted compound annual growth rate of approximately 20%.
As part of its broader strategy, ADCB continues to invest in artificial intelligence, digital banking and operational transformation to enhance productivity, customer experience and business efficiency.
During the third quarter, the bank’s Corporate and Investment Banking Group attracted more than 300 new clients, bringing the total number of new clients added during the year to over 800.
ADCB also participated in four debt capital market transactions during the quarter that collectively raised more than USD 3 billion, further strengthening its regional and international investment banking activities.
The bank’s Group Chief Executive Officer, Ala’a Eraiqat, highlighted the continued growth in lending, the strength of the UAE economy and the bank’s progress in implementing its five-year strategy.
The results reflect continued profitability growth, expanding lending and deposit portfolios, stronger non-interest income generation and improving asset quality, positioning ADCB to pursue its long-term financial and operational objectives.
Source: Abu Dhabi Commercial Bank (ADCB)
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
