ABU DHABI/WAM Abu Dhabi Commercial Bank (ADCB) reported a net profit after tax of AED3.361 billion for the first quarter of 2026, delivering a return on average equity of 16.3 percent. The bank recorded a pre-tax profit of AED3.781 billion, marking a 30 percent increase compared to the same period last year and extending its growth streak to 19 consecutive …
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SHARJAH / WAM United Arab Bank PJSC (UAB) has reported a net profit of AED 75 million for the first quarter ended 31 March 2026. The results are underpinned by 16% year-on-year growth in total operating income, reflecting the Bank’s disciplined execution of its strategy, strong asset growth, and prudent risk management amid global market volatility and regional geopolitical uncertainty. …
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RAS AL KHAIMAH / GULF TIME Across all products and services for our Corporate, SME, and Retail Clients. We remain open for business, supporting customers through short-term disruption while continuing to support their long-term ambitions. All-time high quarterly profit after tax Supported by industry leading net interest margin of 4.0% & CASA ratio of 65.6% and boosted by the gain …
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ABU DHABI / WAM Emirates Development Bank (EDB) on Monday announced a landmark strategic milestone, recording AED1 billion in monthly financing approvals. This scale of capital deployment reinforces the UAE’s position as a global economic safe haven. While international markets navigate shifting trade dynamics and geopolitical complexities, EDB is actively executing a long-term vision to guarantee the nation’s economic resilience. …
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ABU DHABI / WAM In a significant milestone that reflects the maturity of its institutional framework and reinforces its position as a leading regulatory authority, the Central Bank of the UAE (CBUAE) has obtained the BS 13500:2013 certification in Effective Governance Management Systems from the British Standards Institution (BSI). This achievement underscores the Bank’s strong commitment to applying the highest …
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ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced an increase in money supply aggregate M1 by 1.7 percent, from AED1,081.3 billion at the end of January 2026 to AED1,099.8 billion at the end of February 2026. The increase was supported by an increase in currency in circulation outside banks by 1.4 percent and in monetary deposits …
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ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) has announced that it mobilised and facilitated AED 20.3 billion in sustainable finance by the end of 2025, marking a strong year of execution and reinforcing its commitment to deploy AED 60 billion in sustainable finance by 2030. This performance underscores ADIB’s role as a trusted sustainable finance partner, supporting governments, …
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ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has launched “Sanadna”, a dedicated initiative to support the nation’s frontline personnel, recognising those who continue to serve and safeguard the UAE. The programme is designed to deliver meaningful and timely support tailored to the needs of frontline heroes. It focuses on enhancing financial flexibility, …
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ABU DHABI/WAM Investments by banks operating in the UAE increased by 2 percent on a monthly basis, rising by AED16.9 billion during January 2026 to reach AED872.3 billion by the end of the month, while annual growth reached 17.4 percent compared to January 2025, according to banking indicators issued today by the Central Bank. Data showed that banks’ investments in …
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ABU DHABI/WAM Gross banks’ assets increased by 1.4% from AED 5,339.9 billion at the end of December 2025 to AED 5,413.6 billion at the end of January 2026, according to a report on the Monetary & Banking Developments – January 2026 issued by the Central Bank of the UAE (CBUAE). The report showed that the gross credit increased by 1.1% …
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