DFM ---ADX ---
15hUAE and India Boost Consular Cooperation During Delhi TalksBusiness
15hAdani Enterprises Shoots Down Airline Entry RumorsBusiness
15hRakbank Hits Record Profitability in First Half of 2026Business
15hBeyond Compliance: Cultivating a Culture of Safety and WellbeingBusiness
15hChillblast Expands to GCC: UK’s Top PC Maker Joins Ras Al Khaimah’s Innovation CityBusiness
15hADCB Reports Record-Breaking Profits Driven by Robust UAE Economic GrowthBusiness
15hOil Prices Surge to $100 Following Escalating Middle East ConflictsBusiness
15hOil Prices Spike Toward $100 Following Houthi Attacks on Saudi TankersBusiness
1dIndia's Solar Manufacturing Ambitions Hit a Snag Amid Supply ShortagesBusiness
1dDubai Students Launch Global Economic Movement for YouthBusiness
1dEmirates NBD Hits Record Dh16.2 Billion Profit in H1Business
1dCBD H1 profit climbs to Dh1.72b as lending exceeds Dh100bn milestoneBusiness
1dThe Future of Sport: Building Connections Over CompetitionBusiness
1dUAE Healthcare Providers Prioritize Rigorous Credentialing to Boost Talent AcquisitionBusiness
1dEU Grants Conditional Approval for Paramount’s Acquisition of Warner Bros. DiscoveryBusiness
1dGold prices see a slight dip in Dubai as market dynamics shiftBusiness
1dUK Inflation Cools Slightly, Offering Prime Minister Burnham Only Short-Term ReliefBusiness
1dUAE Firms Mandated to Shift to Direct SMS Model by Year-EndBusiness
1dUnited Arab Bank Records Strong Growth in First Half of 2026Business
1dThe AI Investment Dilemma: Big Tech’s Cash Flow Under PressureBusiness
1dAdani Group Weighs Entry Into India’s Competitive Aviation SectorBusiness
2dOil Prices Surge to Six-Week High Amid Middle East TensionsBusiness
2dEtihad Airways, Abra Group Forge Strategic Partnership for Global ConnectivityBusiness
2dJennifer Garner Reprises Iconic Role in New '13 Going on 30' ProjectBusiness
2dUAE Aviation Hits Historic Milestone with 1,000 Registered AircraftBusiness

ADCB Reports Record-Breaking Profits Driven by Robust UAE Economic Growth

Fri, Jul 24, 2026(15h ago)Business

Abu Dhabi Commercial Bank (ADCB) has reached a significant milestone, reporting record-breaking earnings for the first half of 2026. The lender announced a pre-tax profit of Dh7.607 billion, marking a 28% jump compared to the previous year and extending its impressive streak of profit growth to 20 consecutive quarters. This sustained success is largely attributed to a thriving UAE economy, which has bolstered both lending activity and fee-based income, allowing the bank to maintain strong momentum throughout the second quarter.

Beyond bottom-line growth, the bank’s balance sheet has seen substantial expansion, with total assets rising to Dh833 billion. Driven by a 10% increase in net loans and a steady climb in customer deposits, the bank’s operational health is further reflected in its improved asset quality, as seen in the drop in its non-performing loan ratio to 1.71%. Group CEO Ala’a Eraiqat noted that these figures are a testament to the robust investment climate and consumer confidence currently defining the UAE market, reinforcing ADCB's position as a key beneficiary of the nation's financial vitality.

Comments0
No comments yet. Be the first to share your thoughts.