Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) posted net profits amounting to AED 5.12 billion in the first quarter (Q1) of 2025, up 23% from AED 4.15 billion in Q1-24.
Basic earnings per share (EPS) hit AED 0.44 in Q1-25, higher by 26% than AED 0.35 in Q1-24, according to the financial results.
The operating income increased by 11% to AED 8.81 billion in the first three months (3M) of 2025 from AED 7.97 billion a year earlier.
Total assets jumped by 6% year-on-year (YoY) to AED 1.30 trillion as of 31 March 2025 from AED 1.23 trillion. The customer deposits grew by 4% to AED 839 billion from AED 803 billion.
Hana Al Rostamani, Group CEO of FAB, commented: “FAB's Q1-25 performance positions the bank for sustainable growth. As we look to the future, we will continue to leverage our strengths to drive innovation and customer experience and remain focused on delivering consistent value to our clients and strong, sustainable returns to our shareholders.”
Lars Kramer, Group Chief Financial Officer of FAB, said: “FAB continues to operate from a relative position of strength. This is supported by a robust capital base, ample liquidity, high-quality portfolios, and a diversified business model – all of which reinforce our resilient profile amid evolving market dynamics and heightened uncertainties.”
In 2024, FAB recorded 4% YoY higher profits at AED 17.09 billion, compared to AED 16.51 billion.
