Abu Dhabi Commercial Bank (ADCB) Investor Presentation summary

Investment highlights and market position

• Third-largest bank by total assets in the UAE, with AED 653 bn in assets and 2.4 mn+ retail customers.

• Profit before tax reached AED 10.585 bn in FY'24, up 26% YoY, with a 5-year TSR of 75%.

• Strong credit ratings (A+/Stable) and upgraded ESG ratings, including MSCI 'AA' and FTSE4Good inclusion.

• Market share of 16.9% in loans and 14.5% in deposits as of 2024.

• Shareholding led by Mubadala (60.69%), with significant domestic and foreign investor participation.

Financial performance and growth

• Net profit after tax for FY'24 was AED 9.419 bn, with ROATE of 15.2%.

• Net loans and customer deposits both grew 16% YoY, reaching AED 351 bn and AED 421 bn, respectively.

• Non-interest income rose 39% YoY, now 32% of operating income.

• Cost to income ratio improved to 31.0% in FY'24, reflecting disciplined cost management.

• NPL ratio at its lowest in five years, with cost of risk reduced to 0.58%.

Strategic initiatives and future guidance

• New 5-year strategy targets doubling net profit to AED 20 bn and increasing total dividend payout by 50%.

• Focus on digital transformation, AI adoption, and efficiency programs across the bank.

• Guidance includes maintaining CET1 ratio above 12%, cost of risk below 60 bps, and annual RoE above 15%.

• Progressive year-on-year dividend increases, targeting AED 25 bn payout over five years.

• Expansion in core UAE market and regional corridors, with growth in retail, corporate, and private banking.