Abu Dhabi Islamic Bank (ADIB) recorded net profit before tax of AED 1,936 million in the first quarter of 2025, an 18% increase year-on-year, with net profit after tax of AED 1,710 million, also rising 18%, the bank said in its quarterly results announcement. Revenue for the period reached AED 2,871 million, rising 14% year-on-year, as customer financing and deposits grew.
Return on equity reached 28.8%, a level ADIB described as industry-leading. The cost-to-income ratio improved by 1.5 percentage points to 28.9%.
BALANCE SHEET AND ASSET QUALITY
Customer financing grew 28% year-on-year, while customer deposits rose 25% to AED 200 billion. Total assets reached AED 244 billion over the same period, an increase of 25% year-on-year.
The bank's non-performing asset ratio fell to 3.7%, the lowest level recorded since the fourth quarter of 2016. The common equity tier 1 ratio stood at 12.24%.
ADIB operates as a full-service Islamic bank across retail, corporate, private banking and treasury segments.
FY2025 GUIDANCE
ADIB reiterated its FY2025 guidance alongside the results (gross financing growth of 12-14%, a net profit margin of 4-4.25%, cost of risk of 0.40-0.60%, a cost-to-income ratio below 30% and ROE above 25%).
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