DFM ---ADX ---
10hDubai Police Nab Trafficker Hiding in Airport Transit for 45 DaysUAE
13hAbu Dhabi Police Issue Stern Warning Over Unattended VehiclesUAE
13hUAE Imposes Heavy Fines on Unauthorized Online Fatwa ProvidersUAE
14hNew Tool Simplifies Immigration at DXB for Summer TravelersUAE
15hNavigating Saudi Arabia’s New Visa Landscape for UmrahUAE
15hThe First Emirati Train Captain Driving the Future of Etihad RailUAE
16hEtihad Rail’s Vision: Transforming Travel to Al DhafraUAE
16hAbu Dhabi Enhances Transit Links for Etihad Rail PassengersUAE
16hTragic Accident Claims Mother and Daughter in FujairahUAE
16hUAE Health Insurance Guidelines: What Workers and Employers Need to KnowUAE
16hIndian Passport Services in UAE: New Walk-In Privileges for Vulnerable GroupsUAE
16hAli-Mansur Valiyev: The UAE Student Who Secured Historic Economics Olympiad GoldUAE
16hThe UAE’s Jaywan card: Everything you need to know about the new national payment schemeUAE
16hUAE Solidifies Global Standing as a Leader in AI Readiness and Future SkillsUAE
16hDubai Police Calls for Rapid Action and Stronger Partnerships to Tackle Online ScamsUAE
16hUAE Summer Heat Continues: Abu Dhabi Braces for 42°CUAE
16hDubai’s Property Market Shows Resilience Amid Regional Geopolitical ShiftsUAE
16hAjman Pioneers UAE's First Proactive Government Service Using Agentic AIUAE
16hEight Nations Condemn Recent Escalations at Al-Aqsa MosqueUAE
16hEscalating Summer Temperatures in the UAE Trigger Rise in Kidney Stone CasesUAE
16hDubai’s Compassionate Guardians: The Unsung Heroes Saving Stray CatsUAE
16hNavigating US Student Visa Hurdles: A Guide for UAE ApplicantsUAE
16hUAE Denounces Houthi Assault on Saudi Vessel in Red SeaUAE
16hEmpowering UAE Youth: The New ‘Ghatareef’ National Readiness ProgrammeUAE
16hUAE President Meets with Fujairah Ruler to Discuss Future DevelopmentUAE

FAB Reports Strong Financial Growth for First Half of 2026

Thu, Jul 23, 2026(1d ago)UAE

First Abu Dhabi Bank (FAB) delivered a robust financial performance for the first half of 2026, underscored by a seven percent jump in operating income to Dh19.5 billion. This growth was largely propelled by a significant increase in lending activity and a 14 percent rise in net interest income, which reached Dh11.48 billion. With a net profit of Dh10.73 billion and a return on tangible equity (RoTE) of 18.5 percent, the bank continues to outpace its medium-term targets. The lender’s balance sheet also expanded, with total assets climbing to Dh1.41 trillion and net loans reaching Dh661 billion, supported by a healthy increase in customer deposits.

Beyond the numbers, the bank’s strategic focus on modernization and market diversification has proven highly effective. Investments in artificial intelligence have already begun to yield significant dividends, boosting productivity by over 20 percent and drastically reducing manual workflows. Furthermore, FAB’s international operations saw a massive 35 percent revenue surge, while its commitment to sustainable finance remains on track, with Dh395 billion in capital mobilized toward its 2030 goal. Group CEO Hana Al Rostamani attributed these successes to the bank's resilient business model and a favorable economic climate in the UAE, noting that consistent execution and digital innovation remain central to the bank's long-term growth strategy.

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