ADCB Earnings up 28% as Loan Boom Prolongs a Growing Streak to 21 quarters

Abu Dhabi Commercial Bank (ADCB) reported record third quarter and nine month earnings on Thursday, as strong lending growth and higher fee income enabled the lender extend its streak of profit increase to 21 consecutive quarters.

Profit before tax increased 28 per cent year-on-year to Dh4.063 billion in the third quarter and Dh11.67 billion in the first nine months of 2026. Net profit after tax jumped 15 per cent to Dh3.559 billion in the quarter and 27 per cent to Dh10.296 billion in the nine months.

The results come against the backdrop of sustained economic growth in the UAE, which has led to increased demand for financing in corporate, retail and private banking categories. Year-to-date net loans grew by Dh66 billion or 16 per cent, while customer deposits rose by Dh58 billion or 12 per cent in the first nine months of the year.

Operating income increased 10 percent to 18.3 billion dirhams, driven by a 21 percent increase in non-interest income to 6.964 billion dirhams. Non-interest revenue comprised 38 per cent of operational income, showing increased contributions from fees and trading operations.

Ala’a Eraiqat, Group Chief Executive Officer, said: “ADCB sustained its momentum of accelerated growth in the third quarter, with profit before tax increasing 28 per cent year on year to Dh4.063 billion, marking 21 consecutive quarters of profit growth.

He noted the bank has seen “healthy financing demand across key sectors”, with net loan growth of Dh24 billion in the third quarter alone.

Asset quality continues to improve with the non-performing loan ratio decreasing to a historic low of 1.6 per cent from 1.83 per cent a year ago. Cost of risk improved from 73bps to 36bps over the same period.

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