First Abu Dhabi Bank (FAB), listed on the Abu Dhabi Securities Exchange, announced its results for the first half of 2026, with operating income rising 7% to AED 19.5 billion and net profit reaching AED 10.73 billion, up 1%.

Pre-tax profit amounted to AED 13.2 billion, up 3%, and total assets increased 2% to AED 1.41 trillion.

Customer deposits reached AED 853 billion, with a capital adequacy ratio of 17.1% and a liquidity coverage ratio of 140%.

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The bank also issued Tier 2 bonds worth $750 million.

Revenue growth was driven by broad-based performance across the group's business segments, with net interest income growing 14% year-on-year to AED 11.48 billion, supported by higher business volumes and improved margins, while non-interest income remained strong at AED 8.02 billion, contributing 41% of total operating income in H1 2026.

Strong performance in Q2

In the second quarter, FAB recorded a 16% increase in pre-tax profit compared to the previous quarter and 6% year-on-year to AED 7.08 billion.

Operating profit in Q2 2026 rose 11% quarter-on-quarter to exceed AED 8 billion, reflecting the strength of the group's diversified earnings drivers.

Strong lending activity and continued deposit inflows supported balance sheet growth during the period, with total assets increasing 2% year-to-date to AED 1.41 trillion by end-June 2026.

Loans and advances grew 7% year-to-date to AED 661 billion, supported by broad-based growth across sectors, while customer deposits rose 1% year-to-date to AED 853 billion.

During the period, FAB strengthened its financial position as Moody's, Fitch, and S&P reaffirmed the group's credit ratings at 'AA-' or equivalent, with a stable outlook.

Hana Al Rostamani, Group CEO of FAB, said that FAB's strong performance in the first half of the year reflects its scale, breadth, and diversity, and its ability to continue delivering strong returns through effective and consistent execution of its strategy. These results reflect the strength of its customer base and the depth of trust built in its local market and across its international network.

Lars Kramer, Group CFO of FAB, said that FAB recorded a strong performance in H1 2026, capped by record results in Q2. This performance was supported by improved margins, strong customer activity and transaction volumes, robust performance in its investment portfolio amid favorable market conditions, and continued cost discipline. While core portfolio quality remained strong, the bank continued to enhance precautionary management provisions, reflecting its prudent risk management approach in a changing operating environment.

In the field of artificial intelligence, the group continues to integrate it broadly to support sustainable and scalable growth, enhance productivity and efficiency, and improve customer experience.

The group is achieving tangible and measurable business value at scale, with productivity increases of over 20% and a reduction in manual effort of 70% to 80% across key business segments, driven by the rapid expansion of the AI agent ecosystem and its diverse applications.

Regarding sustainable finance, the bank announced that it has facilitated sustainable and transition finance worth AED 395 billion to date, achieving 79% of its AED 500 billion target by 2030, in line with its commitment to deliver tangible and meaningful impact across the finance ecosystem.