ADIB, a leading UAE-based bank, maintained strong and sustainable growth momentum in the first nine months of 2026, with profit before tax increasing 6% year-on-year to AED6.4 billion ($1.74 billion).

Growth was broad-based, supported by significant customer financing growth, healthy asset quality and diversified revenue streams, demonstrating the continued strength of the bank’s core business, the bank said.

Franchise momentum remained strong, with ADIB adding more than 200,000 new customers during the period, supporting continued balance sheet growth and expanding the bank’s customer base.

Net profit after tax for the first nine months of 2026 stood at AED5.6 billion ($1.52 billon), up 6% compared to the corresponding period in 2025, with ADIB continuing to deliver industry-leading profitability, generating a return on equity of 28%.

Revenues 

Revenue reached AED9.7 billion in the first nine months of 2026, increasing 6% year-on-year, driven by strong momentum across ADIB’s core businesses and continued franchise expansion.

Growth was driven by an increase in customer financing, strong deposit growth, continued customer acquisition and higher business volumes across key segments.

Strong financing growth across retail and wholesale segments supported an 11% year-on-year increase in funded income to AED 6.1 billion in the first nine months of 2026, with net profit margin at 3.64%.

Non-funded income reached AED3.6 billion in the first nine months of 2026, representing 37% of total revenues.

Underlying fee momentum strengthened through the year, with net fee and commission income rising to AED591 million in Q3, up 11% quarter-on-quarter and 9% year-on-year, supported by higher card income and processing fees, reflecting the strong growth in business volumes across the franchise.

Expenses 

ADIB maintained strong operating efficiency while continuing to invest in its growth priorities, with the cost-to-income ratio remaining at 29.1% for the first nine months of 2026.

Operating expenses increased 9% year-on-year to AED2.8 billion, reflecting continued investment across people, technology and business capabilities to support the Bank’s growing franchise and long-term growth ambitions.

Provisions and asset quality 

Asset quality continued to strengthen in the first nine months of 2026, with further improvement across key credit quality and coverage metrics.

Impairment charges declined 12% year-on-year to AED451 million, resulting in a cost of risk of 30 basis points, reflecting resilient credit performance despite continued strong financing growth.

The non-performing asset ratio improved further to a record low of 2.0%, reflecting the continued strengthening of the Bank’s financing portfolio and sustained risk discipline across the business.

Provision coverage levels continued to strengthen, underscoring ADIB's disciplined approach to risk management. Coverage including collateral rose by 13.1 percentage points to 183.3%, while coverage excluding collateral increased to 114.3% from 89.3% a year ago.

Balance sheet 

ADIB maintained strong balance sheet momentum in the first nine months of 2026, with total assets increasing 18% year-on-year to AED 318 billion, reflecting continued expansion across the Bank’s core businesses.

Gross customer financing increased 25% year-on-year, adding AED43 billion over the past 12 months and 18% or AED33 billion year-to-date. Growth remained well ahead of the Bank’s full-year guidance and was broad-based across retail and wholesale banking.

Customer deposits increased 17% year-on-year to AED259 billion, adding AED30 billion year-to-date and supporting the continued expansion of the Bank’s balance sheet.

This growth supported a strong and resilient funding profile, with current and savings accounts (CASA) growing 2% year‑on‑year, comprising 60% of total deposits, one of the highest CASA ratios in the sector, reflecting strong customer confidence and funding stability.

Liquidity and capital

Total equity increased 11% year-on-year to AED34 billion, supported by strong earnings generation, enabling the Bank to continue supporting robust financing growth and balance sheet expansion.

Group’s CET1 ratio stood at 12.4% at the end of September 2026.

ADIB’s AED1.75 billion rights issue will further strengthen the bank’s capital base and provide additional capacity to support its next phase of growth under Vision 2035. 

The advances to stable funding ratio stood at 86.9% while the eligible liquid asset ratio was 15.5%, reflecting a healthy funding profile and robust liquidity buffers.

“ADIB’s continued growth reflects the strength of our franchise and the trust of our customers, with strong financing momentum, an expanding customer base and strong asset quality positioning the Bank well for the next phase of growth under Vision 2035,” said Jawaan Awaidah Al Khaili, Chairman.

“Our performance reflects the broad-based growth across ADIB, with strong profitability, continued customer and financing growth, and robust asset quality. Supported by the strength of our franchise and a healthy pipeline across retail and wholesale banking, we are well positioned to sustain this momentum as we execute Vision 2035,” said Mohamed Abdelbary, Group CEO. -TradeArabia News Service