Abu Dhabi Commercial Bank reported a Q1 FY26 net profit of AED 3.36 billion, exceeding analyst expectations and maintaining its 20% full-year growth guidance.
Net loans rose 18% year-on-year to AED 426 billion, while customer deposits increased by the same margin to AED 523 billion, reflecting strong balance sheet expansion.
Net interest and Islamic financing income grew 10% to AED 3.74 billion, while non-interest income surged 36% to AED 2.2 billion, supporting overall profitability.
Impairment charges rose slightly to AED 638 million during the quarter.
The results highlight continued momentum in the UAE banking sector, driven by lending growth and diversified income streams.
Gulf Economist Staff Writer