First Abu Dhabi Bank Posts 5.74 Billion Dirham Q3 Net Profit
First Abu Dhabi Bank reported third-quarter group net profit of 5.74 billion dirhams and operating income of 10.21 billion, according to Reuters.
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what happened
First Abu Dhabi Bank (FAB) reported group net profit attributable to shareholders of 5.74 billion dirhams for the third quarter. Reuters, citing the bank's filing, published the figures.
Operating income for the quarter came to 10.21 billion dirhams, while net interest income was 5.50 billion. Net impairment charges reached 1.05 billion dirhams.
As of the end of September, net loans and advances stood at 679 billion dirhams. Customer deposits rose 5% year to date, or 44 billion dirhams, to 885 billion dirhams.
why it matters
The results give investors a view of the UAE banking sector: deposit growth usually reduces reliance on costlier funding, while impairment charges show how well borrowers are holding up under pressure.
market impact
UAE banks: FAB's solid quarterly figures support interest in the bank's shares and the sector
tags
instruments
sources
- First Abu Dhabi Bank Q3 Group Profit 5.74 Bln Dirhams — Reuters, 29 October 2026 at 04:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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