Abu Dhabi Commercial Bank (ADCB) reported profit before tax of AED 2.907 billion for the first quarter of 2025, a 20% increase year-on-year, with net profit after tax of AED 2.446 billion, the bank said in its results announcement.
Net advances grew 13% year-on-year to AED 359.5 billion.
LOAN QUALITY AND INCOME
Loan quality improved during the quarter. Net interest income rose 3% to AED 3.39 billion, while non-interest income rose 26% to AED 1.62 billion and the cost-to-income ratio improved to 29.2%.
ADCB has built a franchise spanning retail banking, private banking, corporate banking and treasury operations, with its primary market in the UAE complemented by a presence in Egypt through the ADCB Egypt subsidiary.
DEPOSITS AND CAPITAL ADCB's non-interest income rose 26% year-on-year to AED 1.62 billion in the quarter, while customer deposits grew 15% to AED 442 billion, with current and savings accounts making up 45% of the total. The bank's CET1 ratio stood at 12.56% at the end of March, while its NPL ratio improved to 2.24% and provision coverage rose to 260%.
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