Abu Dhabi Commercial Bank reported a record profit before tax of AED 7.607 billion for the first half of 2026, up 28% on the same period a year earlier, extending the lender's run of quarterly profit growth to 20 consecutive quarters.
The second quarter was itself a record, with pre-tax profit of AED 3.826 billion rising 26% year on year, ADCB said in a statement on its website. The bank attributed the result to "the strength of its fundamentals and the success of its strategy, in line with the pace of growth in the UAE economy".
OPERATING INCOME UP 12 PERCENT
Operating income for the first half rose 12% year on year to AED 11.98 billion.
Non-interest income was the standout contributor, climbing 22% year on year to AED 4.51 billion and accounting for 38% of total operating income. Non-interest income rose to 38% of operating income from 34% a year earlier, led by card fees, up 34%, loan processing fees, up 24%, and net trading income, up 35%.
Management cited customer acquisition among the drivers of the result, and the bank said it had launched a new AI-enabled mobile banking application during the period.
TWENTY CONSECUTIVE QUARTERS OF PROFIT GROWTH
The second quarter marked ADCB's 20th consecutive quarter of profit growth, a streak dating back to 2021. The non-performing loan ratio fell to a record low of 1.71%, and the cost of risk fell to 38 basis points from 69 basis points a year earlier.
ADCB was formed in 1985 and expanded significantly through its 2019 merger with Union National Bank and the acquisition of Al Hilal Bank. The group is majority-owned by Mubadala Investment Company, one of Abu Dhabi's sovereign investors, and is listed on the Abu Dhabi Securities Exchange.
The lender is regulated by the Central Bank of the UAE and operates across the UAE with a presence in Egypt, Kazakhstan and Saudi Arabia, where it recently opened a branch. Its Al Hilal Bank unit provides Islamic banking services in the UAE and Kazakhstan, giving the group exposure across both conventional and Sharia-compliant segments.
Full second-quarter financial statements and the earnings press release were published on the bank's investor relations website alongside the results announcement, with a detailed presentation available to analysts and investors.
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