SNG: ADCB reports record 9-month profit before tax of $3.18bln

By Zawya

By Staff Writer

ADCB, one of the top UAE banks, reported record profit before tax of AED11.67 billion ($3.18 billion) for the first nine months of 2026 and AED4.063 billion in Q3, both up 28% YoY, marking 21 consecutive quarters of profit growth.

9M’26 net profit after tax increased 27% YoY to AED10.296 billion, and 15% YoY to AED3.559 bn in Q3, reflecting the robust performance underpinned by positive momentum in the UAE economy.

Other highlights of the financial results:

* Continued diversification of revenue streams, with non-interest income increasing 21% YoY in 9M’26 to represent 38% of operating income, driven by double-digit growth in fee and trading income

• Enhanced operating efficiency, with cost-to-income ratio improving 40 bps YoY to 27.3% in 9M’26, while continued investment in advanced technology and AI is elevating productivity and customer experience

• Significant loan growth, with net loans increasing by AED66 billion (+16% YTD) in 9M’26, and AED24 billion (+5% QoQ) in Q3'26, supported by expansion across diverse economic sectors.

• Sustained growth in customer deposits increasing by AED 58bn (+12% YTD) in 9M’26, and AED32 billion (+6% QoQ) in Q3'26, reflecting the strength of the ADCB franchise.

• High asset quality reflecting disciplined risk management, with 9M'26 cost of risk improved to 36 basis points from 73 basis points a year earlier, with a record-low NPL ratio of 1.60%

• Strong capital position supporting business momentum, with a CET1 ratio of 13.79%, complemented by a liquidity coverage ratio of 116.8%

Balance sheet highlights

• Total assets: AED890 billion (up 20% YoY and 15% YTD)

• Net loans to customers: AED469bn (up 18% YoY and 16% YTD)

• Customer deposits: AED558bn (up 16% YoY and 12% YTD).

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