Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) logged 18% year-on-year (YoY) higher net profits after tax at AED 1.71 billion in the first quarter (Q1) of 2025, compared to AED 1.45 billion.
Basic and diluted earnings per share (EPS) attributable to the owners hit AED 0.41 as of 31 March 2025, compared to AED 0.34 in Q1-24, as per the financial results.
Total operating income amounted to AED 2.87 billion in Q1-25, higher by 14% YoY than AED 2.51 billion.
Total assets increased by 25% YoY to AED 244 billion in the first three months (3M) of 2025, driven by financing growth in both retail and corporate banking.
Customer deposits rose by 25% YoY to AED 200 billion in Q1-25 from AED 160 billion.
Mohamed Abdelbary, Group CEO of ADIB, commented: “Building upon the achievements of 2024, we have successfully carried forward our momentum into the new year, establishing new benchmarks with an ROE of 29% and delivering a commendable performance across all our business segments. UAE market conditions remain resilient, and our franchise is well-positioned to capture business opportunities.”
In 2024, ADIB recorded net profits worth AED 6.10 billion, up 16% from AED 5.25 billion in 2023.
