First Abu Dhabi Bank · ADX:FAB
First Abu Dhabi Bank — Investor Presentation (May 2026)
52 slides from First Abu Dhabi Bank's investor presentation, May 2026
Slide 1: Investor Presentation May 2026
INVESTOR PRESENTATION May 2026
Slide 2: Disclaimer
Disclaimer The information contained herein has been prepared by First Abu Dhabi Bank P.J.S.C ("FAB"). The information contained in this presentation may not have been reviewed or reported on by the Group's auditors. FAB relies on information obtained from sources believed to be reliable but does no
Slide 3: FAB, the UAE's global bank
HEADLINE FAB, the UAE’s global bank
Slide 4: Scale, resilience, consistent returns through the cycle
Scale, resilience, consistent returns through the cycle The investment case for FAB • The UAE’s global bank Market leader with over USD 400bn in assets, connected to the world’s major economic corridors. • A financial powerhouse A scaled, diversified platform enabling cross-border capital, trade, an
Slide 5: The UAE's global bank
The UAE’s global bank A regional financial powerhouse Among the strongest & safest banks globally Total Assets Market Capitalisation Market Share Strongest combined credit Ranked among the world’s rating among MENA banks at safest banks1 1.49tn 188bn 28% AA- or equivalent (USD 406bn) (USD 51bn) Tota
Slide 6: A financial powerhouse with a diversified platform
A financial powerhouse with a diversified platform Revenue by division…. by geography…. Q1’26 Operating Income Investment Banking Wholesale Personal, Business, Wealth & 24% & Markets Banking Privileged Client Banking Group AED 3.25 bn AED 1.71 bn AED 3.23 bn 76% +10% +18% +1% UAE International
Slide 7: A global franchise driving connectivity and cross-border flows
A global franchise driving connectivity and cross-border flows 20+ Markets 30% Group assets 24% FAB locations and year of establishment Group revenue FAB Branch locations FAB Representative offices Trade flows to UAE Americas Africa Europe GCCE Asia (Imports & Exports)1 USD 62bn USD 98bn USD 140bn U
Slide 8: AA- level credit rating is among the highest globally
AA- level credit rating is among the highest globally MOODY’S S&P Fitch Strongest combined credit rating LT Aa3 AA- AA- among MENA banks ST P-1 A-1+ F1+ Outlook Stable Stable Stable Moody’s maintained the UAE’s rating at S&P Global affirmed the UAE’s rating at Fitch affirmed Abu Dhabi’s rating at ‘A
Slide 9: A unique risk-return profile
A unique risk-return profile 30% Western banks GCC banks APAC banks 25% JP Morgan Mashreq 20% Al Rajhi DBS ADCB Morgan Stanley Swedbank Nordea ENBD KFH Natwest ICICI* Return on Tangible Equity (%) RBC**** QNB State Bank of India* NBK SNB 15% UOB Scotia**** HSBC OCBC CBA** Credit Agri CBQ HDFC Bank*
Slide 10: Resilient performance through the cycle
Resilient performance through the cycle Targeting >16% RoTE over the medium-term 30.0% 19.2% 19% 25.0% 17.6% 17.8% 16.8% 20.0% 16.2% 16.1% 15.7% 15.0% 15.1% 14.6% 10.0% 14% 13.0% 5.0% 4.2% 0.0% -5.0% 9% -10.0% FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 Q1'26 1 UAE real GDP growth FAB RoTE
Slide 11: Top-tier shareholder returns, diversified ownership base
Top-tier shareholder returns, diversified ownership base Robust dividend payout track record Diverse shareholding, growing foreign ownership (AED bn) Net profit Cash dividends 21.1 36bn 24.5% 37.9% Foreign ownership vs. large UAE peers 17.1 Cumulative cash dividend payout (21-25) 16.4 Foreigners Mub
Slide 12: Building a future-ready, AI-enabled franchise
Building a future-ready, AI-enabled franchise Pioneering digital innovation, embedding AI at scale 1,000+ Agents 60+ Agentic use cases live, 20% Efficiency and productivity gains 95%+ Structured data on FAB's or in progress across a wide range of processes modern, Agentic AI platform Scaling AI adop
Slide 13: The regional pacesetter for sustainability
The regional pacesetter for sustainability Strategic pillars Key achievements Supporting the global transition to a low- Market Leader Best Combined carbon and nature-positive future ➢ ESG ratings in MENA ➢ in MENA green loans 1st Bank 1st UAE Bank ➢ to issue a low-carbon energy bond ➢ to issue a so
Slide 14: Macro Overview
HEADLINE Macro Overview
Slide 15: Robust and structurally resilient UAE macro backdrop
Robust and structurally resilient UAE macro backdrop UAE set to continue to outperform global economy1 High oil prices, with fiscal tailwinds expected from OPEC exit Strong fiscal position versus regional peers3 140 Brent Monthly Average2 (USD/bl) General government fiscal balance as a % of GDP UAE
Slide 16: Accelerating FDI, industrial growth and business formation
Accelerating FDI, industrial growth and business formation The UAE has attracted >50% of the GCC’s FDI flows since 20191 Roadmap to accelerate industrial GDP and company formation Operation 300bn aims to position the UAE as a global industrial hub2 FDI flows, USD bn The UAE’s national investment str
Slide 17: FAB's resilience framework
FAB's resilience framework Abu Dhabi overview 87% of UAE land area Among the highest rated Aa2 / AA / AA Population : 4.1mn (+50% since 2014) 6 Ras al Khaimah sovereigns globally Moody’s / S&P / Fitch Ajman Umm al Quwain Sharjah Ajman Dubai Fujairah Abu Dhabi USD 321bn 2024 Nominal GDP Major contrib
Slide 18: Abu Dhabi's economic diversification momentum
Abu Dhabi’s economic diversification momentum Broad-based growth across key sectors A global hub for AI infrastructure Fastest-growing financial centre in GCC Abu Dhabi’s non-oil economy grew +7.6% yoy as of Q3’251 yoy growth % Construction 13.9 Transportation and storage 13.8 Anchored by the UAE’s
Slide 19: Robust banking system fundamentals
Robust banking system fundamentals Robust sector fundamentals1 Continued growth amid recent regional developments Banking system growth rates from 1 March 2026 to 1 May 20262 Total banking CBUAE Capital Adequacy Loan/Deposit NPL system assets FX reserves Ratio Ratio Ratio Total Assets Total Loans To
Slide 20: Q1'26 financial results
HEADLINE Q1’26 financial results
Slide 21: Q1'26 Key highlights
Q1’26 Key highlights • Solid performance: revenue +6% yoy to AED 9.34bn, net profit -2% yoy to AED 5.01bn reflecting management overlays; RoTE at 17.8%, above guidance. • Robust volume growth ytd underlines healthy franchise momentum: loans +8%, customer deposits +4%; Total assets exceed USD 400bn f
Slide 22: FAB's resilience framework
FAB's for Positioned resilience framework strength amid recent regional developments Capital, Liquidity & Funding Credit Risk & Asset Quality Operational Resilience Solid capital position Conservative asset mix with high-quality, Resilient operations, strong business diversified portfolios continuit
Slide 23: Delivering strategic priorities with discipline and client focus
Delivering strategic priorities with discipline and client focus Broad-based franchise growth Regional leadership with Accelerating AI adoption journey, Sustainable finance leadership driven by client-centric solutions global connectivity unlocking measurable value delivering scale and impact • Reve
Slide 24: Solid Q1'26 performance
Solid Q1’26 performance Income Statement - Summary (AED mn) Q1’26 Q4’25 qoq % Q1’25 yoy % Net interest Income 5,612 5,040 11 5,006 12 Operating income +6% yoy to AED 9.34bn, driven by Non-interest Income 3,723 3,984 (7) 3,808 (2) +12% NII expansion on robust business volumes and Operating Income 9
Slide 25: Strong volumes, resilient margins drive +12% NII growth
Strong volumes, resilient margins drive +12% NII growth 1.97 1.95 Group 1.85 1.82 NIM (%) 1.75 Strong business momentum and well-managed margins drive 12% NII growth. qoq ↑11%, yoy ↑12% Q1’26 NIM was 1.95%, -2bps yoy, +20bps qoq reflecting disciplined balance sheet and treasury management, 5,612 tar
Slide 26: Resilient NFI performance amid volatile market conditions
Resilient NFI performance amid volatile market conditions Non-Interest Income trend1 (AED bn) FX and Other Investment Income, net (AED mn) As % Operating Income GM Sales GM Trading Treasury and other 32% 34% 38% 45% 40% qoq ↓22%, yoy ↓18% 2,584 2,709 2,464 2,344 1,918 AED 16.4bn 1,019 905 736 1,108
Slide 27: Disciplined cost management alongside continued investment
Disciplined cost management alongside continued investment 23.6 Cost-to- 22.3 22.2 22.6 Income 21.4 Ratio (%) Operating expenses were AED 2.11bn, down 1% qoq and up 7% yoy, driven by a 4% increase in staff costs qoq ↓1%, yoy ↑7% from targeted hiring and expanded AI capabilities, and a 5% rise in Dep
Slide 28: Strong balance sheet momentum
Strong balance sheet momentum Broad-based lending momentum Healthy deposit inflows Gross loans movement by counterparty (AED bn) Customer deposits movement by counterparty (AED bn) +34 +7 +1 +1 871 +31 841 (13) +11 +6 +5 685 +0.1 633 +52bn +30bn ↑ 8% ytd ↑ 4% ytd 1 Dec'25 Corp/ Personal/ Public Govt
Slide 29: Conservative asset mix
Conservative asset mix Diversified portfolio across economic sectors Overweight exposure to high-quality Govt and Public sectors Cash & CB 19% Balances Gross loans by economic sector 8% 14% Due from 8% Banks & Reverse Repos Manufacturing Construction 28% 5% 1% Real Estate 19% 15% 2 50% Investment Tr
Slide 30: Strong and diversified liquidity profile
Strong and diversified liquidity profile Mar’26 Group LCR Strong deposit franchise, resilient CASA mix Deposit base anchored in long-standing relationships 145% 17% Customer deposits by type (AED bn) Due to banks & Repos 17% 871 34% 839 848 841 49% Term Borrowings 813 & Sub Debt 6% 488 462 479 449 F
Slide 31: Prudent provisioning amid elevated risk environment
Prudent provisioning amid elevated risk environment NPLs1 and ECLs2 (%) Gross NPL ratio improved to 2.1%, an all-time low for Provision Coverage (%) NPL Ratio (%) 6.00 108 110 120.00 the Group, with 110% provision coverage. 106 98 100 4.00 100.00 Net impairment charge +52% yoy largely reflecting 2.0
Slide 32: Strong capital position
Strong capital position CET1 Ratio progression CET1, Tier 1 and CAR trends (%) 15.8% CAR 14.2% Tier 1 14.5% 12.8% CET1 Cash DPS: +69bps 80 fils 1.2% AED 8.84bn Jun'23 Jun'20 Jun'22 Jun'24 Jun'25 Sep'20 Sep'21 Sep'22 Sep'23 Sep'24 Sep'25 Mar'20 Dec'20 Mar'21 Dec'21 Mar'22 Dec'22 Mar'23 Dec'23 Mar'24
Slide 33: Outlook
HEADLINE Outlook
Slide 34: Structurally resilient macro backdrop amid near-term headwinds
Structurally resilient macro backdrop amid near-term headwinds Near-term headwinds Structural macro tailwinds • Geopolitical risk weighing on sentiment • Strong sovereign balance sheets • Disruption to trade and logistics • Elevated oil prices reinforcing GCC fiscal strength • Energy-driven inflatio
Slide 35: Evolving macro view, company outlook to be reassessed in H1
Evolving macro view, company outlook to be reassessed in H1 2026 macro-outlook1 Q1’26 actuals 2026 guidance Scale Loan growth +8% ytd Low- to mid- teens Oil price (average) c. USD 83/b from USD 60/b Cost of Risk 67bps < 70bps Asset Quality UAE real GDP growth Provision c. 4.2% 110% > 90% Coverage Ra
Slide 36: Appendix – Supplementary information
HEADLINE Appendix – Supplementary information
Slide 37: Consistently delivering growth, profitability and returns
Consistently delivering growth, profitability and returns Growing scale Rising profitability Cost and risk discipline Enhanced returns Total Assets (AED bn) Total Income (AED bn) NPL Ratio (%) CAGR: +10% CAGR: +14% Return on Tangible Equity (%) 1,404 1,491 1,169 1,213 4.0 3.9 3.9 19.2 1,001 1,110 36
Slide 38: Segmental overview
Segmental overview Personal, Business, Wealth & Privileged Client Banking Investment Banking & Markets (IB&M) Wholesale Banking (WB) Group (PBW&PCBG) P&L Summary P&L Summary P&L Summary Q1’26 Q1’25 yoy % Q1’26 Q1’25 yoy % Q1’26 Q1’25 yoy % (AED mn) (AED mn) (AED mn) Net interest Income 1,812 1,439 2
Slide 39: Q1'26 highlights – Group financials (AED)
Q1’26 highlights – Group financials (AED) Income Statement - Summary (AED mn) Q1’26 Q4’25 qoq % Q1’25 yoy % Net interest Income 5,612 5,040 11 5,006 12 Non-interest Income 3,723 3,984 (7) 3,808 (2) Operating Income 9,335 9,024 3 8,814 6 Operating expenses (2,111) (2,126) (1) (1,965) 7 Impairment ch
Slide 40: Q1'26 highlights – Group financials (USD)
Q1’26 highlights – Group financials (USD) Income Statement - Summary (USD mn) Q1’26 Q4’25 qoq % Q1’25 yoy % Net interest Income 1,528 1,372 11 1,363 12 Non-interest Income 1,014 1,085 (7) 1,037 (2) Operating Income 2,542 2,457 3 2,400 6 Operating expenses (575) (579) (1) (535) 7 Impairment charges,
Slide 41: Loan momentum underpinned by diversified exposures
Loan momentum underpinned by diversified exposures Gross loans trend (AED bn) Net loans by geographies (%) ytd ↑8%, yoy ↑20% UAE 76% GCC 6% Gross Islamic financing 685 Mar’26 633 668 588 614 MENA (ex-GCC) 6% 571 Asia 5% (AED bn) 62.5 Europe 6% 42.6 45.8 49.4 53.8 Americas 2% Mar'25 Jun'25 Sep'25 Dec
Slide 42: Strong and diversified liquidity profile
Strong and diversified liquidity profile Customer deposits trend (AED bn) Customer deposits by geography (%) ytd ↑4%, yoy ↑4% UAE 78% GCC 2% 871 Mar’26 MENA (ex-GCC) 3% 839 848 841 871 813 Asia 4% (AED bn) Europe 9% 376 45% 401 49% 369 44% 392 47% 383 44% CASA Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Amer
Slide 43: High-quality investment portfolio
High-quality investment portfolio Investments by type Investments by ratings Mar’26 Mar’26 Dec’25 Mar’26 Mar’26 Dec’25 AED 283bn AED 283bn FVTPL - Debt 22% 24% AAA 16% 16% AA 38% 38% Dec’25 FVTPL - Equity & Funds 4% 3% Dec’25 AED 269bn A 15% 14% AED 269bn Amortised Cost (Debt Inv) 2% 2% BBB 4% 3% FV
Slide 44: Leading issuer in the MENA region
Leading issuer in the MENA region Liability mix Medium-term wholesale funding Term Borrowings & Sub Debt Issuances1 Maturities1 Customer 6% Deposits 35,867 65% AED bn Others Mar’26 10% 1,350 Due to Banks & Repos 14,521 18,510 12,229 11,775 15,578 AED / bn 17% 7,791 8,621 6,682 Commercial Paper 2% Ca
Slide 45: Diversified term funding portfolio
Diversified term funding portfolio By Type1 By Currency By Product2 Local Currency Other 2% Asian Currency ex-Formosa 6% PP EUR 11% 5% Callable Formosa 7% 26% Bullet US$ Bullet Private CHF 17% Placement 3% 11% GBP Conventional European 5% Public Currency 24% 15% CNH 1% Sukuk Public 17% USD Callables
Slide 46: ESG profile
HEADLINE ESG profile
Slide 47: The regional pacesetter for sustainability
The regional pacesetter for sustainability Supporting the global transition to a Enabling a responsible transition for Championing and embedding best- low-carbon and nature-positive future communities in-class governance practices Sustainable and Transition Finance: Financial inclusion: ESG ra
Slide 48: Supporting the global transition to a low-carbon and nature-positive future
Supporting the global transition to a low-carbon and nature- positive future 2023 Implemented TCFD recommendations and published first TCFD report 2021 2050 Applied emission reduction net zero targets Group ESG strategy to 8 high-emitting sectors within loan Net Zero finalised and approved portfolio
Slide 49: Advancing the UAE's green finance ambition
Advancing the UAE’s green finance ambition FAB financed 6 new renewable energy assets in 2025 across UAE, KSA, Oman, Spain Product breakdown of sustainable finance lending, investing, and UK. and facilitation in 2025 Sustainable Trade and Transition Loan Sustainable Overview of our key impact highli
Slide 50: Pathway to reduce carbon emissions
Pathway to reduce carbon emissions FAB is committed to reach net zero emissions (scope 1 and 2) across its own operations by 2030 and net zero across all scopes by 2050. In 2025, Group FAB achieved a 30% reduction in direct operational emissions (scope 1 and 2) since 2019. Financed Emissions JUNE 20
Slide 51: A regional ESG top performer
A regional ESG top performer ENTITIES BEST WORST SCORE 0 10 20 30 40 80+ 18.2 AAA AA A BBB BB B CCC INDUSTRY RELEVANCE AA A B C D F B- 5 4 3 2 1 0 2.7 51 | May 2026 Investor Presentation
Slide 52: For more information, please visit
For more information, please visit www.bankfab.com or contact FAB Investor Relations team at ir@bankfab.com You can also download FAB’s Investor Relations App from App Store / Google Play to access latest corporate updates Explore FAB’s IR chatbot on our website and IR app for quick access to financ
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