24/07/2026 07:55 AST
ADCB, a leading UAE bank, has reported record H1'26 profit before tax of AED7.607 billion ($2.07 billion), up 28% YoY, amid a resilient operating environment in the country.
The bank also delivered record Q2'26 profit before tax of AED3.826 billion, up 26% YoY, marking 20 consecutive quarters of profit growth.
Sustained momentum driven by significant loan growth, strong asset quality and higher non-interest income were behind the record results, the banks said.
ADCB experienced significant growth in Q2'26 non-interest income, up 12% YoY on higher fee and trading income, further diversifying the bank's revenue streams.
It also saw substantial balance sheet growth, with net loans up AED42 billion (+10%) during the first half, reflecting healthy demand across diverse economic sectors, while the bank continued to attract steady inflows of customer deposits of AED27 billion (+5%) year-to-date.
Strong asset quality, with the cost of risk at 36 bps in Q2'26 versus 88 bps a year earlier, underpinned by disciplined underwriting and a high-quality, well-diversified portfolio, it said.
Solid capital and liquidity position, with CET1 of 13.66% and LCR of 109.5%, provided a solid foundation for continued growth and disciplined capital deployment, the bank said.
Continued progress on the bank's AI strategy during the second quarter of 2026, accelerated AI integration across customer journeys and business operations to enhance service delivery and improve productivity.
H1'26 income highlights
Profit before tax: AED7.607 billion (up 28% YoY)
Net profit after tax: AED6.737 billion (up 34% YoY)
Return on average equity (post tax): 16.2% (up 210 bps YoY)
Operating income: AED11.981 billion (up 12% YoY)
Non-interest income: AED4.510 billion (up 22% YoY); 38% of operating income
Cost-to-income ratio: 26.8% (improvement of 90 bps YoY)
Balance sheet highlights
Total assets: AED833 billion (up 16% YoY, 8% YTD)
Net loans to customers: AED445 billion (up 18% YoY, 10% YTD)
Customer deposits: AED527 billion (up 14% YoY, 5% YTD)
Common Equity Tier 1 (CET1) ratio: 13.66% (vs 13.79% at Dec'25)
Liquidity coverage ratio (LCR): 109.5% (vs 131.3% at Dec'25)
Non-performing loan (NPL) ratio: 1.71% (vs 1.83% at Dec'25)
Ala'a Eraiqat, Group Chief Executive Officer, said: "ADCB's performance in the second quarter reflects the strength of our franchise and the resilience of the UAE economy, which demonstrated remarkable momentum especially in the context of regional developments during the period. Profit before tax increased 26% year on year to a record AED3.826 billion, marking our 20th consecutive quarter of growth.
"As a major financial institution at the heart of the UAE economy, we are seeing clear evidence of healthy investment activity and consumer confidence. The bank delivered net loan growth of AED42 billion and deposit growth of AED27 billion in the first half of the year, while maintaining strong asset quality. These trends demonstrate the trust that customers place in ADCB and reinforce our positive outlook.
"In the second year of our five-year strategy, we have maintained a clear focus on execution and on building a technology-driven organisation. We continued to embed AI across customer services, employee productivity and business operations, including the launch of our new AI-enabled mobile banking application.
"Looking ahead, we see a healthy pipeline of opportunities across our core businesses. With significant investment continuing across energy, transport, logistics, infrastructure, tourism and artificial intelligence, the UAE's fundamentals remain exceptionally strong, underpinned by the clarity of its long-term vision and leadership. ADCB is well positioned to play a central role in supporting the next phase of economic expansion, sustaining its growth trajectory and creating long-term value for all stakeholders."
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