Dubai, UAE — First Abu Dhabi Bank (FAB), the UAE’s largest lender, reported a first-half net profit of 10.73 billion dirhams ($2.92 billion), up 1 percent from a year earlier, as higher operating income and loan growth offset a challenging operating environment.
Operating income rose 7 percent year on year to 19.50 billion dirhams ($5.31 billion), while profit before tax increased 3 percent to 13.20 billion dirhams ($3.59 billion) in the six months ended June 30.
Net interest income climbed 14 percent to 11.48 billion dirhams ($3.13 billion), supported by higher business volumes and improved margins. Non-interest income remained steady at 8.02 billion dirhams ($2.18 billion), accounting for 41 percent of operating income.
Total assets increased 2 percent since the end of 2025 to 1.41 trillion dirhams ($383.9 billion). Net loans and advances rose 7 percent to 661 billion dirhams ($180.0 billion), while customer deposits increased 1 percent to 853 billion dirhams ($232.3 billion).
FAB said Moody’s, Fitch and S&P reaffirmed its AA- or equivalent credit ratings with stable outlooks during the period.
The lender said it continued expanding the use of artificial intelligence across its operations, reporting more than 20 percent productivity gains and a 70-80 percent reduction in manual effort across key workflows. It also said sustainable and transition financing reached 395 billion dirhams ($107.6 billion), representing 79 percent of its 500 billion dirham 2030 target.
