ADB profits rise to 6.74bn dirhams

Abu Dhabi Commercial Bank achieved strong financial performance in the first half of 2026, recording a net profit of AED 6.74 billion, an increase of 34.3% compared to the same period last year, surpassing analysts' expectations. This was driven by an 11.5% growth in operating revenues and a 35.9% decrease in impairment provisions. The loan portfolio grew by over 17%, and customer deposits increased by 13.6%, reflecting ongoing growth and an expanding funding base. The bank also announced a capital increase of AED 6.1 billion through a rights issue, which saw subscription requests more than double the size of the offering, demonstrating investors' confidence in the bank's performance and future prospects.

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