Abu Dhabi Commercial Bank (ADCB) reported record profit before tax of AED 4.063 billion for the third quarter of 2026, up 28% year on year. The result marks the bank's 21st consecutive quarter of profit growth. Net profit after tax for the quarter rose 15% to AED 3.559 billion.
Over the first nine months of 2026, profit before tax rose 28% to AED 11.670 billion. Net profit after tax for the period was AED 10.296 billion, an increase of 27% on the same period in 2025.
FEE INCOME AND EFFICIENCY GAINS
Operating income increased 10% year on year to AED 18.306 billion in the first nine months. Non-interest income rose 21% to AED 6.964 billion and accounted for 38% of operating income.
Return on average equity after tax rose to 16.2%, an improvement of 144 basis points year on year. The cost-to-income ratio improved by 40 basis points to 27.3%.
LOANS AND DEPOSITS KEEP EXPANDING
Total assets reached AED 890 billion, up 20% year on year and 15% since the beginning of the year. Net loans to customers increased to AED 469 billion, growth of 18% year on year and 16% year to date, and rose by AED 66 billion during the first nine months.
Customer deposits rose to AED 558 billion, up 16% year on year and 12% year to date. That represents an increase of AED 58 billion during the first nine months of 2026.
MANAGEMENT COMMENT AND STRATEGY
Ala'a Eraiqat, Group Chief Executive Officer of ADCB, said the bank delivered a strong performance in the third quarter, maintaining its accelerated growth trajectory. He noted that the sustained performance reflected the bank's strong market position, effective business model and disciplined execution of its strategic priorities.
ADCB has launched a new strategy that aims to double its net profit to AED 20 billion within five years. In the first half of 2026 the bank achieved record profit before tax of AED 7.607 billion, a 28% increase year on year.
MARKET POSITION AND OWNERSHIP
As of June 2026, ADCB was the third-largest bank by total assets in the UAE, with AED 833 billion in assets and a market capitalisation of AED 114 billion. It holds a 16.2% market share in net loans and 14.3% in deposits, with 70% of its loans focused domestically.
ADCB is majority-owned by Mubadala, which holds a 60.77% stake. The bank merged with Union National Bank on 1 May 2019, and the combined entity subsequently acquired Al Hilal Bank.