DUBAI — First Abu Dhabi Bank (FAB), the UAE’s largest lender, has reported a 23% year-on-year increase in net profit for the first quarter of 2025, underpinned by robust growth in its domestic and international operations.
FAB recorded a net profit of Dh5.13 billion for the three-month period ending March 31, compared to the same quarter last year. Operating income rose 11%, reaching Dh8.81 billion, reflecting strong underlying business momentum across the board.
The bank’s total assets also posted a healthy expansion, closing the quarter at Dh1.31 trillion. Notably, FAB’s international operations now account for 30% of group-wide assets, highlighting the success of its aggressive push into key overseas markets.
"FAB’s performance in the first quarter of 2025 reflects strong business momentum in its operations in the UAE and across the international franchise," said Hana Al Rostamani, Group CEO of FAB.
Strategic Global Growth Paying Dividends
FAB’s focus on expanding its international footprint has begun to yield significant returns. By tapping into growth markets beyond the UAE, the bank has diversified its income streams and strengthened its resilience against regional and global headwinds.
The solid Q1 performance places FAB in a strong position as it continues to implement its strategic plans for 2025, with a clear emphasis on scaling up its global operations while maintaining leadership in its home market.
As the UAE’s banking sector navigates an increasingly competitive and evolving landscape, FAB’s early gains in 2025 set a confident tone for the year ahead.
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