Abu Dhabi Commercial Bank (ADCB) Investor Presentation summary

Business overview and strategy

• Third largest UAE bank by assets (AED 639 bn), serving 2.3 million customers across retail, private, corporate, and treasury segments.

• Diverse workforce with 46% female employees and 40% Emiratisation; board includes leaders from major Abu Dhabi sovereign funds.

• Market share: 17.5% in loans, 15.1% in deposits; 80% of loans are domestic, with growing international presence and foreign ownership.

• Strategic focus on customer experience, digital transformation, and partnerships with regional/global ecosystem players.

• Strong ESG commitment, industry-leading ratings, and robust governance structure.

Financial performance highlights

• Record 9M'24 profit before tax of AED 7.7 bn (+30% YoY); net profit after tax AED 6.8 bn, ROATE 14.8%.

• Net loans up 21% YoY to AED 344 bn; customer deposits up 24% YoY to AED 407 bn, with CASA deposits up 8% YoY.

• Non-interest income up 32% YoY to AED 4.3 bn; cost to income ratio improved to 32.2% in Q3'24.

• Strong capital position: CET1 ratio at 13.1%, CAR at 16.7%; provision coverage ratio at 97.5%.

• Disciplined risk management with declining cost of risk (<55 bps guidance) and improved asset quality.

Digital and innovation highlights

• Over 2 million digital/mobile subscribers, representing 90% of the customer base; 84% of new customers onboarded digitally in Q3'24.

• 97% of retail transactions are self-service; digital transformation includes AI-driven solutions and cloud migration.

• Al Hilal Bank and ADCB Egypt show strong digital adoption and profit growth, with ADCB Egypt net profit up 151% YoY in 9M'24.