Abu Dhabi Commercial Bank delivered a strong performance in the first quarter of 2026, reporting a net profit after tax of AED 3.361 billion and a return on average equity of 16.3%.
The bank recorded a pre-tax profit of AED 3.781 billion, up 30% compared to the same period last year, extending its uninterrupted growth streak to 19 consecutive quarters. This performance was underpinned by solid momentum across core banking activities and continued diversification of revenue streams.
Operating income increased 18% year-on-year to AED 5.934 billion, supported by a 36% surge in non-interest income, which reached AED 2.196 billion. The bank also reported improved operational efficiency, with its cost-to-income ratio falling by 360 basis points to 25.6%, reflecting disciplined cost management alongside revenue growth.
On the balance sheet, ADCB continued to expand its footprint. Total assets rose 19% to AED 809 billion, while net loans to customers increased 18% to AED 426 billion. Customer deposits also grew 18% to AED 523 billion, including AED 14 billion in net inflows into current and savings accounts during the quarter.
The bank maintained a strong capital and liquidity position, reporting a common equity tier 1 ratio of 13.82% and a liquidity coverage ratio of 124.2%, highlighting its financial resilience.
Ala’a Eraiqat said the bank maintained strong operational momentum during the quarter, ensuring uninterrupted service across its branch network while enhancing customer engagement across digital and physical channels. He also highlighted the introduction of tailored banking solutions for frontline workers and businesses, as well as ADCB’s ongoing transformation into a technology-driven institution leveraging artificial intelligence and advanced digital tools.
Deepak Khullar attributed the results to broad-based growth across all business segments, supported by diversified income sources and continued efficiency improvements. He noted that net loans increased by AED 20 billion, while deposits rose by AED 23 billion, reflecting strong customer confidence and sustained business expansion.
During the quarter, ADCB also strengthened its presence in international capital markets by leading a US$3.5 billion dual-tranche bond issuance for the Republic of Türkiye, becoming the first GCC bank to execute an international conventional bond mandate of this scale.
The bank further expanded its customer base, adding 289 new corporate clients and more than 57,000 retail customers, while issuing over 52,000 new cards during the period.
Reinforcing its sustainability agenda, ADCB reported that its sustainable finance portfolio reached AED 71.9 billion by the end of 2025, representing 58% of its 2030 target.
