United Arab Emirates · Delayed Price · Currency is AED Abu Dhabi Commercial Bank PJSC Earnings Call Transcripts
Fiscal Year 2026
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9M profit rose 27% YoY to AED 10.3bn, with 16% loan growth and improved asset quality. Cost-of-risk guidance fell below 50 bps; double-digit lending growth is expected in 2027, while funding costs and NIM remain pressure points.
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Record H1 and Q2 2026 results driven by strong loan growth, diversified income, and disciplined risk management. Asset quality and capital ratios remain robust, with stable NIMs and a positive outlook for continued growth and progressive dividends.
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Profit before tax rose 30% year-on-year, driven by strong non-interest income, efficiency gains, and robust loan and deposit growth. Risk-adjusted NIM is expected to remain steady, with overlays applied for geopolitical risks and continued confidence in 2026 guidance.
Fiscal Year 2025
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Record net profit rose 22% to AED 11.4 billion, with strong loan and deposit growth, improved efficiency, and a robust capital base. Guidance for 2026 remains positive, with ROE above 15% and continued lending momentum expected.
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Q3 profit before tax rose 18% year-on-year, with strong loan and fee income growth, improved cost efficiency, and robust asset quality. Rights issue and AI transformation support long-term growth, while cost of risk is guided to normalize in Q4.
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Q2 2025 saw profit before tax rise 17% YoY to AED 3 billion, with net profit at AED 2.6 billion and a record low cost-to-income ratio of 26.4%. Non-interest income surged, capital and liquidity remained strong, and digital transformation drove efficiency.
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Q1 2025 saw 20% year-on-year profit growth, improved cost efficiency, and strong asset and deposit growth. Guidance remains for 20% annual profit growth and stable risk-adjusted NIM, with non-interest income and digital transformation as key drivers for future ROE.
Fiscal Year 2024
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Delivered record profit growth in 2024, with net profit up 26% and strong asset quality. Launched a five-year strategy targeting AED 20 billion net profit and ROE above 15%, supported by digital transformation and international expansion.
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Net profit before tax rose 30% year-on-year in Q2, with assets surpassing AED 600 billion and strong loan growth prompting an upward revision of full-year loan growth guidance to 15%. NIM and fee income are expected to remain robust, while cost of risk and NPL ratios continue to improve.