ADCB Earns $969 Million in Q3 as Loans and Deposits Grow

ADCB earned AED 3.6 billion ($969 million) in net profit in the third quarter of 2026, 15% more than a year earlier. The Abu Dhabi-listed lender tied the result to momentum in the UAE economy.

For the first nine months, profit before tax climbed 28% to AED 11.7 billion ($3.2 billion). Profit after tax reached AED 10.3 billion ($2.8 billion), up 27%. Operating income for the period was AED 18.3 billion ($4.98 billion), 10% higher.

Lending growth and a wider mix of income drove the nine-month increase. Total assets stood at AED 890 billion ($242.3 billion) on September 30, up 20% from a year earlier and 15% since the start of 2026. The balance sheet grew on broad-based lending and deposit inflows.

The loan book remains concentrated at home but is spread across the emirates. Loans in the UAE made up 71% of gross lending; the other 29% sat outside the country. ADCB described the book as geographically diversified across Abu Dhabi, Dubai and other emirates.

Asset quality improved. The non-performing loan ratio fell to 1.6% at the end of September, a record low for the bank.

Customer deposits rose 16% year on year and 12% year to date to AED 558 billion ($151.94 billion). The bank said the increase reflected the strength of its franchise. It separately cited a customer deposit figure of AED 76 billion ($20.7 billion), also 16% higher year on year.

Group CEO Ala'a Eraiqat said the pace of progress reflected ADCB's market position and disciplined delivery against strategic priorities. He said the UAE economy continues to show positive momentum, supported by the leadership's long-term vision, a strong fiscal position and sustained investment. Those factors, he said, improve competitiveness and support economic diversification.

Outside the UAE, ADCB Egypt recorded double-digit balance sheet growth and launched revamped digital platforms. Its third-quarter net profit was EGP 1.124 billion ($20.3 million), with a return on equity of 24%. Loans reached EGP 83 billion ($1.5 billion) at the end of September, up 27% year on year. Deposits there reached EGP 178 billion ($3.2 billion), up 28%.

Al Hilal Bank added more than 10,000 customers through its fully digital onboarding platform in the third quarter. Its total customer base reached 325,000, supporting a digital-first strategy.

The shares did not follow the earnings higher. ADCB stock fell 2.23% to AED 16.3 ($4.4) on the Abu Dhabi Securities Exchange on Friday, October 23, as of 11:18 a.m. AST.

ADCB ranked 18th on a 2026 list of the Middle East's 100 most valuable companies.

The results show how much ADCB's earnings depend on UAE credit demand. Deposits fund further lending; the 1.6% NPL ratio limits pressure from provisions. Egypt and digital banking add scale, but the UAE book sets the pace.