First Abu Dhabi Bank Posts AED5.13 Billion Profit as Quarterly Earnings Surge 23%
First Abu Dhabi Bank (FAB) reported a record-breaking AED5.13 billion net profit for the first quarter of 2025, marking a 23% year-on-year surge and reinforcing its position as the UAE's leading banking institution.
The Group's profit before tax climbed 22% to AED6.13 billion, driven by strong client activity and diversified income streams. Group revenue rose 11% to AED8.81 billion, with non-interest income accounting for 43%—a reflection of FAB's focused diversification strategy.
Loans and deposits grew 8% and 4% year-on-year, respectively, while total assets crossed the AED1.3 trillion mark for the first time, up 6% from Q1 2024. The bank's net interest margin rose slightly to 1.97%, and the cost-to-income ratio improved to 22.3%, down from 24.0% a year earlier.
Return on Tangible Equity reached 20.4%, exceeding the bank's medium-term target of 16%, underscoring its commitment to consistent value creation.
Group CEO Hana Al Rostamani highlighted continued growth across FAB's business lines, including Investment Banking, Wholesale, and Retail segments, along with solid performance from its international operations. The Investment Banking and Markets division posted a 15% year-on-year revenue increase, while Wholesale Banking revenue rose 12%, supported by higher loan and deposit volumes.
FAB also reported notable advances in technology integration, including AI-driven enhancements in customer service and internal operations. Al Rostamani revealed that the bank introduced an AI agent into its boardroom for the first meeting of 2025.
With a robust balance sheet, strong liquidity, and growing international footprint, FAB remains well-positioned for long-term growth amid ongoing digital transformation and economic expansion in the UAE.
News Source: Emirates News Agency
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