ADIB Nine-Month Net Profit Rises 6% To $1.5B As Financing Grows 25%
The Abu Dhabi Islamic Bank balance sheet expanded faster than earnings in the first nine months of 2026, with customer financing up 25% and deposits up 17%.
Abu Dhabi Islamic Bank earned $1.5 billion (AED 5.6 billion) in net profit after tax across the first nine months of 2026, a 6% gain on the $1.4 billion (AED 5.3 billion) booked a year earlier.
The third quarter supplied $504.6 million (AED 1.9 billion) of that total. It was 2% above the same quarter of 2025 and 4% below the second quarter. Profit before tax for the nine months came to $1.8 billion (AED 6.4 billion), also up 6%.
"Our performance reflects the broad-based growth across ADIB, with strong profitability," group CEO Mohamed Abdelbary said in the results statement issued on Tuesday.
Our performance reflects the broad-based growth across ADIB, with strong profitability,
Total operating income climbed 6% to $2.6 billion (AED 9.7 billion). Funded income rose 11% to $1.7 billion (AED 6.1 billion). Non-funded income slipped 0.5% to $980.5 million (AED 3.6 billion).
Operating expenses grew 9% to $770.9 million (AED 2.8 billion), pushing the cost-to-income ratio to 29.1% from 28.3%. Impairment charges fell 12% to $122.8 million (AED 451 million), and cost of risk improved to 30 basis points from 46.
Total assets rose 18% year-on-year to $86.5 billion (AED 317.6 billion). Gross customer financing grew 25% to $59.4 billion (AED 218 billion), while deposits increased 17% to $70.5 billion (AED 258.7 billion). Current and savings account balances reached $42.2 billion (AED 155 billion), equal to 60% of total deposits.
The bank added more than 200,000 customers during the nine months. Its non-performing assets ratio improved to 2% from 3.3%, and its common equity tier 1 ratio stood at 12.4%.
Shareholders approved a $476.5 million rights issue in October. The raise is meant to strengthen capital, add capacity for future financing and back the bank's Vision 2035 growth plans.
ADIB took 22nd place on a 2026 ranking of the 100 Most Valuable Companies, and Abdelbary appeared at No. 70 on a 2026 Top 100 CEOs list.
The financing book is now growing roughly four times as fast as profit. Capital has to keep pace with that, which is the practical case for the rights issue: the lending pipeline is expanding faster than retained earnings alone can fund.
