Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total assets cross AED1.3tn mark
FAB
Latest in FAB
ADQ
UAE to launch Dirham-backed stablecoin
Dirham-backed stablecoin launched in the UAE will enable simple digital payments
FAB
FAB posts 4% rise in FY 2024 net profit; beats estimate
For Q4 2024, First Abu Dhabi Bank’s net profit was to the tune of AED 4.18 billion
End of service benefits UAE
FAB to introduce UAE end-of-service benefits fund as gratuity alternative
First Abu Dhabi Bank gets approval for UAE end-of-service funds
Abu Dhabi
Strong performance across business powers FAB’s H1 net profit to $2.29bn
Revenue for first six months at $4.28 billion, including 30% growth in international revenue; Sustainable finance reaches 41% of bank’s 2030 target
BRICS
First Abu Dhabi Bank to triple China business revenue by 2026
First Abu Dhabi Bank looks to help UAE and China see $200bn target in 2030
FAB
UAE GDP to grow 4% in 2024: FAB
UAE and Gulf economies will outperform international forecasts this year says First Abu Dhabi Bank
FAB
FAB announces record $3.4bn profit in 2023 so far
FAB reports significant increase to revenue and net profit in first nine months of 2023
FAB
Women are changing the face of finance in the Middle East: report
Wealth managers woo female clients as finance roles changing in society
Abu Dhabi
FAB signs agreement to accelerate digital payment services in Saudi Arabia
The Abu Dhabi bank is collaborating with KSA fintech company Geidea and digital payment solutions company Magnati
FAB
First Abu Dhabi Bank announces record $2.2bn H1 profit
First Abu Dhabi Bank reports highest ever half-year profit
Abu Dhabi Global Market
Abu Dhabi’s Hub71 launches $2bn blockchain start-up fund
Hub71 has launched a $2bn fund to support Web3 start-ups in Abu Dhabi
banking
First Abu Dhabi Bank denies $35bn Standard Chartered interest
First Abu Dhabi Bank moves to distance itself from speculation over a takeover bid for Standard Chartered
FAB
First Abu Dhabi Bank eyes $35bn Standard Chartered takeover
First Abu Dhabi Bank could revive interest in Standard Chartered and make a $35bn takeover bid
COP28
First Abu Dhabi Bank finances $7bn of sustainable projects
First Abu Dhabi Bank financing green projects as it chases carbon neutrality targets
banking
Abu Dhabi’s Standard Chartered $1.1tn giant bank interest shows global ambition
First Abu Dhabi Bank’s Standard Chartered plan shows UAE is planning to become a major global force in finance