First Abu Dhabi Bank (FAB), the UAE’s largest lender by assets, reported a 6% year-on-year rise in third-quarter 2026 net profit to AED 5.75 billion, ahead of analyst expectations. Total assets grew 7% over the past year.
The result follows a steady first half, in which net profit reached AED 10.73 billion, up 1%, with second-quarter profit rising 4% to AED 5.72 billion. Operating income climbed 7% to AED 19.5 billion over the same six months, supported by strong lending activity and higher net interest income.
Return on tangible equity stood at 18.5%, above the bank’s medium-term target. Headquartered in Abu Dhabi and 38% owned by sovereign fund Mubadala, FAB remains the country’s largest bank by assets.
Gulf Economist Staff Writer