UAE’s Biggest Bank FAB Q2 Profit Up 4%, Beats Estimate

The UAE's biggest lender, First Abu Dhabi Bank (FAB), reported a 4% rise year-on-year (YoY) in second-quarter 2026 net profit to AED5.72 billion ($1.55 billion), supported by stronger net interest income that offset higher impairment charges and a decline in non-interest income. 

The result exceeded analysts’ average estimate of AED5.1 billion, according to LSEG data. 

Operating income rose 7% YoY to AED10.2 billion, while operating profit increased 8% to AED8 billion. 

Net interest income climbed 15% to AED5.86 billion, while non-interest income fell 2% to AED4.3 billion. 

Impairment charges climbed 26% YoY to AED950 million. 

For the first half of 2026, net profit edged up to AED10.73 billion from the corresponding period a year earlier. 

FAB is 38%-owned by Abu Dhabi sovereign wealth fund Mubadala and 18%-owned by members of Abu Dhabi's ruling family, according to LSEG data. 

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com

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