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Abu Dhabi Commercial Bank released its financial results for the first half of 2026 on Wednesday, reporting a record profit before tax of AED 7.607 billion that reflected a 28 percent increase from the comparable period in 2025. The figures from the lender also detailed a second-quarter profit before tax of AED 3.826 billion, which rose 26 percent year on year and completed 20 successive quarters of profit growth. Operating income advanced 12 percent to AED 11.981 billion during the six-month period, with non-interest income climbing 22 percent to AED 4.510 billion and contributing 38 percent of the total, according to the bank’s statement.
Total assets stood at AED 833 billion at the end of June, an expansion of 16 percent from a year earlier and 8 percent since December, the results showed. Net loans and advances to customers reached AED 445 billion after rising 18 percent over the prior 12 months and 10 percent year to date, incorporating AED 42 billion of net new lending in the first half. Customer deposits grew to AED 527 billion, marking gains of 14 percent annually and 5 percent from the start of the year that included AED 27 billion added during the period.
The first-half performance builds directly on the bank’s results from the opening quarter, when it recorded a profit before tax of AED 3.781 billion that rose 30 percent year on year and extended its growth sequence to 19 consecutive periods, ADCB’s earlier disclosure indicated. This sustained momentum has helped position the institution among the stronger performers in the UAE banking sector, where system-wide lending rose 5.8 percent in the first half alongside operating income of AED 44.4 billion, according to Central Bank of the UAE data. The lender maintained a cost of risk of 38 basis points for the six months, down from 69 basis points a year earlier.
ADCB’s announcement highlighted continued progress on its artificial intelligence strategy during the second quarter as part of broader technology investments aimed at enhancing customer services and operational efficiency. Chief Executive Officer Ala’a Eraiqat linked the record earnings to the bank’s solid fundamentals and the effective rollout of its five-year strategic plan, which he said remains closely aligned with UAE economic expansion. The results underscore the benefits of diversified revenue streams and disciplined risk management in a competitive environment.
Chief Financial Officer Deepak Khullar pointed to robust demand for credit, expanding non-interest income and the improved cost of risk as central drivers of the half-year outcome in the bank’s release. He noted that strong capital and liquidity ratios, including a CET1 ratio above 13 percent, provide a stable base for future balance sheet growth and investment. ADCB’s half-year figures arrive as the UAE economy continues to draw on diversification initiatives that have supported credit demand across key sectors.
