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- Investor confidence in Adnoc Drilling soars after landmark majlis event
- Closing Bell: Saudi main index ends lower at 11,494
- Gold has leaped 50% in a year, but can it go even higher?
- SARCO, UAE's Go Energy partner on Saudi Arabia's green hydrogen push
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- Saudi Arabia tops GCC projects market in Q3: report
- Dubai real estate prices have risen almost fourfold since 2021
- How UAE engineered a $34b wellness boom to become a regional hub
- Oil steadies as investors assess Gaza Deal and Ukraine talks stall
24/04/2025 04:45 AST
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
The Abu Dhabi scored another win in getting its impairment costs lower by 3% to Dh106 million. Not just that, non-performing asset ratio of 3.7% is at its lowest level for ADIB since Q4-2016. This is 'due to the active re-mediation of our legacy portfolio coupled with strong underwriting standards', the bank said in a statement.
"We started the year with a strong performance, continuing the positive trajectory built over previous quarters," said Jawaan Awaidah Al Kahili, Chairman of ADIB.
"Our results are a clear reflection of our ability to grow profitably and execute our strategy with discipline. This outstanding performance was underpinned by strong revenue growth across all segments, improved cost efficiency and the best asset quality metrics we've seen to date."
Emirates NBD and RAKBank too have put up upbeat Q1-25 numbers, with banks confirming that loan demand among business and retail clients remain on solid footing.
For ADIB, the first three months saw an intake of 67,000 new customers. "Asset growth was exceptional this quarter, reflecting strong momentum in customer financing with Dh33 billion increase year-on-year," said Al Kahili. "This demonstrates our ability to capture market opportunities with speed and discipline."
Gulfnews
14/08/2025
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the UAE, has signed an agreement with the Abu Dhabi Housing Authority (ADHA) to provide top-up home financing solutions to UA
Trade Arabia
09/07/2025
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reported the mobilisation of over AED 17 billion ($4 billion) in sustainable finance as of year-end 2024, marking continued
Trade Arabia
08/07/2025
The UAE's banking sector is powering ahead with added momentum, recording the highest quarter-on-quarter increase in market capitalisation among lenders across the Middle East and Africa in the secon
Khaleej Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.50 | -0.50 (-0.13 |
| FAB | 16.24 | -0.22 (-1.34 |
| EMIRATESNBD | 25.20 | -0.05 (-0.20 |
| ADCB | 14.54 | -0.22 (-1.50 |
| DIB | 9.50 | -0.09 (-0.94 |
13/10/2025
Adnoc Drilling is riding a wave of investor optimism following the recent Adnoc Investor Majlis, held last Wednesday in Abu Dhabi. The event, which brought together global and regional investors, ana
Khaleej Times
13/10/2025
A green hydrogen and ammonia project is set to take shape in the Kingdom after Saudi Arabia Refineries Co. signed a non-binding memorandum of understanding with UAE-based Go Energy.
The dea
Arab News
10/10/2025
As part of its continuous preparations for the highly anticipated Gulf Bank 642 Marathon, scheduled to take place on November 29, Gulf Bank has proudly announced the launch of the second edition of t
Kuwait Times
10/10/2025
The Saudi Water Partnership Company (SWPC) has announced that Alkhorayef Water and Power Technologies, a leading player in the kingdom's utility sector, has emerged as the preferred bidder for the Sm
Trade Arabia
10/10/2025
Saudi Aramco completed the acquisition of an additional 22.5 percent stake in Rabigh Refining and Petrochemical Co., known as Petro Rabigh, from Japan's Sumitomo Chemical Corp. for $702 million.
Arab News
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