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24/04/2025 04:45 AST
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
The Abu Dhabi scored another win in getting its impairment costs lower by 3% to Dh106 million. Not just that, non-performing asset ratio of 3.7% is at its lowest level for ADIB since Q4-2016. This is 'due to the active re-mediation of our legacy portfolio coupled with strong underwriting standards', the bank said in a statement.
"We started the year with a strong performance, continuing the positive trajectory built over previous quarters," said Jawaan Awaidah Al Kahili, Chairman of ADIB.
"Our results are a clear reflection of our ability to grow profitably and execute our strategy with discipline. This outstanding performance was underpinned by strong revenue growth across all segments, improved cost efficiency and the best asset quality metrics we've seen to date."
Emirates NBD and RAKBank too have put up upbeat Q1-25 numbers, with banks confirming that loan demand among business and retail clients remain on solid footing.
For ADIB, the first three months saw an intake of 67,000 new customers. "Asset growth was exceptional this quarter, reflecting strong momentum in customer financing with Dh33 billion increase year-on-year," said Al Kahili. "This demonstrates our ability to capture market opportunities with speed and discipline."
Gulfnews
08/07/2025
The UAE's banking sector is powering ahead with added momentum, recording the highest quarter-on-quarter increase in market capitalisation among lenders across the Middle East and Africa in the secon
Khaleej Times
11/03/2025
Abu Dhabi Islamic Bank (ADIB) shareholders approved a cash dividend of Dh3.03 billion, or 83 fils per share, at the bank's Annual General Assembly (AGM) on March 10. The payout represents 50% of ADIB
Gulfnews
16/03/2018
Abu Dhabi Islamic Bank (ADIB), the emirate's biggest Sharia-compliant lender, arranged structured Islamic financing for the acquisition of an office property in the UK on behalf of a client in Saudi
The National
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | 0.00 (0.00 |
| FAB | 16.82 | 0.00 (0.00 |
| EMIRATESNBD | 24.45 | 0.20 (0.82 |
| ADCB | 13.60 | -0.14 (-1.02 |
| DIB | 9.24 | -0.10 (-1.08 |
08/07/2025
Achilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational exce
Trade Arabia
08/07/2025
Dubai Investments has announced that it has promoted Mushtaq Masood to the post of Chief Operating Officer (COO). Masood was till now the Group Chief Financial Officer (CFO).
As COO, he wi
Trade Arabia
08/07/2025
Omantel, the leading provider of integrated telecommunication services in the sultanate and a regional leading telecom and technology provider in the Middle East, has announced the activation of a fi
Muscat Daily
08/07/2025
Commercial Bank, a leader in innovative digital banking solutions, has entered into a strategic co-operation agreement with Qatar Development Bank (QDB) to empower and support small and medium-sized
Gulf Times
08/07/2025
The UAE's banking sector is powering ahead with added momentum, recording the highest quarter-on-quarter increase in market capitalisation among lenders across the Middle East and Africa in the secon
Khaleej Times
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