Abu dhabi: First Abu Dhabi Bank (FAB) has delivered a record financial performance in the first half of 2025, reporting a net profit of AED10.63 billion, up 26 percent year-on-year, surpassing the AED10 billion mark for the first time in a half-year period.

According to Emirates News Agency, earnings per share grew 27 percent year-on-year to AED0.93 in the first half of 2025, with Return on Tangible Equity (RoTE) standing at 20.5 percent. This is in line with FAB's medium-term guidance of above 16 percent. Profit before tax increased 29 percent to AED12.83 billion, driven by a 16 percent year-on-year rise in operating income to AED18.31 billion in the first half of 2025.

Net interest income rose 2 percent year-on-year to AED9.96 billion, while non-interest income grew 41 percent to AED8.35 billion. The increase in non-interest income was driven by a 25 percent rise in fees and commissions due to strong deal origination and execution, as well as a 30 percent increase in FX and investment income, supported by robust client flows and strong trading performance.

Loans and advances rose 7 percent year-to-date to AED568 billion, while customer deposits increased 4 percent to AED813 billion, reflecting healthy growth across both wholesale and retail franchises. Total assets grew 11 percent year-to-date to AED1.34 trillion.

Hana Al Rostamani, Group Chief Executive Officer of FAB, emphasized the significance of the bank's record performance, stating that it reinforces FAB's position as the UAE's Global Bank and reflects a franchise defined by scale, connectivity, and innovation, with AI being increasingly integrated into operations and client services.

Lars Kramer, Group Chief Financial Officer of FAB, highlighted the broad-based growth achieved by all divisions, which delivered double-digit revenue expansion. He pointed to effective balance sheet deployment, deepened relationships, and sustained client engagement in dynamic market conditions as key contributors to this success.