ADCB records promising early year results

Abu Dhabi Commercial Bank (ADCB), the UAE’s third largest bank by assets, reported double-digit growth for the first quarter of 2025. 

The bank cited an increase in operating income and growth across its core businesses. 

Rated as the UAE’s strongest banking brand for the second consecutive year by Brand Finance, ADCB reported a net profit after tax of AED2.4 billion ($667 million) for the first three months of 2025, an increase of 14 percent compared to the same period last year.

Operating income for the quarter rose 9 percent on an annual basis to AED5 billion, fuelled by a 26 percent increase in non-interest income to AED 1.6 billion. Net interest income rose 3 percent to AED 3.3 billion.

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The lender’s assets grew 14 percent year on year to AED680 billion, with the non-performing loan ratio declining to 2.2 percent, the bank said in a statement. 

Net loans rose 13 percent annually to AED359 billion. Customer deposits rose 15 percent year on year to AED442 billion, driven by inflows into current and savings accounts, which now represent 45 percent of the bank’s total deposit base.