Abu Dhabi Commercial Bank (ADCB) reported a record profit before tax of AED7.607 billion for the first half of 2026, an increase of 28 percent compared with the same period last year, driven by strong lending growth, diversified income streams and continued progress in its technology-led transformation.
The bank also posted a record second-quarter profit before tax of AED3.826 billion, up 26 percent year-on-year, extending its streak of quarterly earnings growth to 20 consecutive quarters.
Operating income for the first six months rose 12 percent to AED11.981 billion, supported by strong performance across core banking activities. Non-interest income climbed 22 percent to AED4.510 billion, accounting for 38 percent of total operating income, driven by higher fee and commission income, as well as stronger trading revenues.
ADCB’s balance sheet continued to expand, with total assets reaching AED833 billion, up 16 percent from a year earlier and 8 percent since the start of the year. Net loans and advances to customers increased 18 percent year-on-year to AED445 billion, while customer deposits grew 14 percent to AED527 billion.
Since the beginning of the year, the bank has added AED42 billion in net customer loans and AED27 billion in customer deposits, reflecting robust economic activity across the UAE and sustained demand for financing across multiple sectors.
During the second quarter, ADCB accelerated the implementation of its artificial intelligence strategy by expanding AI integration across customer-facing services and internal operations to enhance productivity, improve operational efficiency and strengthen the customer experience.
Ala’a Eraiqat, Group Chief Executive Officer of ADCB, said the bank delivered another quarter of exceptional financial performance, supported by resilient fundamentals, disciplined execution of its strategy and the continued strength of the UAE economy despite evolving regional conditions.
He said the record first-half results demonstrate ADCB’s sustained earnings momentum, marking its 20th consecutive quarter of profit growth.
Eraiqat added that, in the second year of the bank’s five-year strategic plan, ADCB has continued its transformation into a technology-led financial institution by expanding the use of artificial intelligence across the business—from improving customer experience and employee productivity to enhancing operational efficiency. The bank also launched its new AI-enabled mobile banking application during the period.
He said the UAE’s strong economic outlook, coupled with continued investment in strategic sectors including energy, transport, artificial intelligence, logistics, infrastructure and tourism, provides a solid foundation for ADCB to sustain long-term growth and create lasting value for customers and shareholders.
Deepak Khullar, Group Chief Financial Officer of ADCB, said the bank’s first-half performance reflected the strength of its financial and operational fundamentals, supported by robust loan growth, diversified revenue sources, disciplined cost management and a lower cost of risk.
He noted that lending activity remained strong while customer deposits continued to grow steadily, reinforcing the bank’s funding base and strengthening the resilience of its balance sheet.
Asset quality also improved significantly, with the cost of risk declining to 38 basis points during the first half, compared with 69 basis points in the corresponding period last year, outperforming the bank’s internal targets.
