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الاتحاد
Arab United Bank posts 201M AED profit
The article focused on the financial results of Abu Dhabi Islamic Bank in the first half of 2026, where it achieved a net profit of 201 million dirhams, representing a 19% year-over-year growth and a 68% increase compared to the previous quarter. The growth in operating income contributed to an increase in assets, which reached 28 billion dirhams, up 16%. Loans and advances rose by 14%, while customer deposits grew by 16%. The bank also maintained a strong asset quality, with a non-performing loan ratio of 2.7% and a reserve coverage ratio of 101%. Officials confirmed that the performance reflects the growth and digital transformation strategies implemented by the bank, reinforcing the UAE's economic position. Despite regional challenges, the bank continues to focus on diversifying its funding base and achieving solid financial results.
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