Abu Dhabi Commercial Bank (ADCB) investor relations material

Executive summary

• 9M'26 profit before tax rose 28% YoY to AED 11.670bn and net profit after tax increased 27% to AED 10.296bn; Q3'26 net profit rose 15% to AED 3.559bn.

• Net loans grew 16% YTD to AED 468.99bn and customer deposits rose 12% to AED 558.16bn; total assets reached AED 890.0bn at September-end.

• NPL ratio reached a record-low 1.60%; 9M'26 cost of risk was 36 bps and impairment charges fell 44% YoY.

• Profit-before-tax growth extended to 21 consecutive quarters.

Financial highlights

• 9M'26 operating income rose 10% YoY to AED 18.306bn; net interest and Islamic financing income increased 4% to AED 11.342bn.

• Non-interest income rose 21% to AED 6.964bn, or 38% of operating income; net fees and commissions increased 24% to AED 3.37bn and trading income rose 39% to AED 2.89bn.

• Q3'26 profit before tax rose 28% YoY and 6% QoQ to AED 4.063bn; operating income increased 8% YoY to AED 6.325bn.

• 9M'26 operating expenses rose 9% to AED 5.006bn; impairment charges fell 44% to AED 1.646bn, with prior-year provisions on legacy corporate accounts contributing to the decrease.

• Total comprehensive income declined to AED 7.81bn from AED 9.02bn, including AED 2.49bn of other comprehensive loss versus AED 0.91bn of income.

Outlook and guidance

• FY'26 and five-year strategy cost-of-risk guidance was lowered to below 50 bps from below 60 bps; targets include CET1 above 12% and ROE above 15%.

• Five-year strategy targets net profit of AED 20bn, with ~20% annual growth, and progressive annual dividend increases; total payouts target ~AED 25bn, subject to approvals.

• Double-digit loan growth is expected in 2027; NIM is expected broadly stable to slightly lower for the remainder of 2026 and to compress slightly next year.

• Core rate scenario assumes one further Fed and UAE Central Bank hike in December, then rates on hold in 2027; one further Q1 2027 hike remains a risk.