First Abu Dhabi Bank's third-quarter profit rises 6% on net interest income growth

First Abu Dhabi Bank (FAB) posted a 6% year-on-year increase in third-quarter net profit, reaching 5.74 billion dirhams for the three months to September 30. Business Recorder reported that stronger net interest income drove the increase, while profit was broadly unchanged from the previous quarter.

For the first nine months, net profit advanced 3% to 16.50 billion dirhams, with net interest income up 11%. Net loans and advances rose 10% and deposits grew 5%, taking assets to 1.47 trillion dirhams; impairment charges also climbed 33% to 3.10 billion dirhams. The bank cited its cautious approach to risk amid changing conditions, while the IMF expects the UAE economy to contract 3.9% in 2026 before recovering in 2027.