The recorded profit marks the highest ever for a six-month period, boosted by strong fee and trading income and steady loan growth
First Abu Dhabi Bank
Latest in First Abu Dhabi Bank
Abu Dhabi Securities Exchange
Abu Dhabi’s ADX lists first blockchain bond in MENA region
The bond listing represents a collaboration between ADX, HSBC, and FAB, combining regional financial leadership with global expertise in digital issuance
First Abu Dhabi Bank
FAB becomes first MENA bank to launch Oracle-Mastercard embedded finance solution
The collaboration combines the strengths of the two industry leaders to revolutionise B2B finance and payments processes
Abu Dhabi
First Abu Dhabi Bank powers ahead with record Q1 numbers
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
ADQ
UAE to launch Dirham-backed stablecoin
Dirham-backed stablecoin launched in the UAE will enable simple digital payments
End of service benefits UAE
First Abu Dhabi Bank launches new end-of-service benefits funds for private sector
The initiative, now available to all private sector entities in the UAE, allows businesses to invest in their employees’ end-of-service benefits (EOSB) as part of the government’s new Alternative EOSB Savings Scheme
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
First Abu Dhabi Bank reports net profit of $1.23bn for Q3, up 5% year-on-year
The bank’s net profit was based on a revenue of AED23.9bn ($6.51bn)