First Abu Dhabi Bank · ADX:FAB
First Abu Dhabi Bank — Q2 2026 Earnings Presentation
26 slides from First Abu Dhabi Bank's earnings presentation, Jul 23, 2026
Slide 1: Q2/H1'26 Earnings Presentation
Q2/H1’26 Earnings Presentation 23rd July 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: Opening remarks
HEADLINE Opening remarks
Slide 4: H1'26 Key highlights
Record performance with H1’26 profit before tax of AED 13.20bn, +3% yoy or +8% yoy excluding overlays; 18.5% RoTE firmly above medium-term guidance. Strong operating performance reflects broad-based franchise momentum, supported by margin expansion, diversified income streams. H1’26 Robust AED 1.41t
Slide 5: Disciplined execution driving sustainable value
Disciplined execution driving sustainable value Broad-based franchise Regional Accelerating AI Sustainable finance growth driven by client- leadership with adoption, unlocking leadership delivering centric solutions global connectivity measurable value scale and impact • Sustained wholesale momentum
Slide 6: AA- equivalent credit ratings reaffirmed with stable outlook
AA- equivalent credit ratings reaffirmed with stable outlook Moody’s Fitch S&P Global Ratings Aa3 AA- AA- Outlook: stable Outlook: stable Outlook: stable May 2026 May 2026 July 2026 Strongest Combined Credit Rating Among MENA Banks, Top-tier Globally Resilient fundamentals Systemic relevance Cycle-t
Slide 7: Financial review
sli aesly ‘AB Financial review
Slide 8: Record H1'26 profit driven by strong operating performance
Record H1’26 profit driven by strong operating performance Income Statement - Summary (AED mn) Q2’26 vs Q1’26 (%) vs Q2’25 (%) H1’26 vs H1’25 (%) Operating income grew 7% yoy to AED 19.50bn, driven by Net interest Income 5,867 5 15 11,479 14 14% NII growth supported by higher business volumes, Non
Slide 9: Franchise-wide momentum driving revenue expansion
Franchise-wide momentum driving revenue expansion By division…. by geography…. H1’26 Operating Income Personal, Business, Wealth & 22% Investment Banking & Markets Wholesale Banking Privileged Client Banking Group International UAE AED 6.42bn AED 3.41bn AED 6.58bn 78% +8% yoy +16% yoy +2% yoy
Slide 10: NII up 14% yoy on higher volumes and margin expansion
NII up 14% yoy on higher volumes and margin expansion Group 1.95 1.99 1.97 12,000 NIM (%) 1.85 1.82 1.90 1.75 10,000 Strong NII performance supported by volume growth qoq ↑5%, yoy ↑15% yoy ↑14% and margin expansion. 12,000 8,000 11,479 Net Interest Margin (NIM) was 1.97% over H1’26, 10,000 7bps
Slide 11: Expanding, diversified franchise underpins sustained NFI strength
Expanding, diversified franchise underpins sustained NFI strength Non-Interest Income trend1 (AED bn) FX and Other Investment Income, net (AED bn) As % Operating Income qoq ↑39% yoy ↑3% yoy ↓7%, 32% 34% 38% 45% 41% 4.9 4.6 1.8 2.6 2.7 2.5 2.7 1.9 0.9 1.9 1.0 1.1 1.4 1.9 1.4 0.5 AED 16.4bn 1.0 1.0 0.
Slide 12: Operating efficiency supported by AI-enabled productivity gains
Operating efficiency supported by AI-enabled productivity gains 23.6 22.2 22.6 Cost-to- 21.4 21.8 21.8 21.0 Income 4,500 Ratio (%) 4,000 H1’26 operating expenses were AED 4.25bn, +6% yoy, driven by an 8% increase in staff costs from targeted qoq ↑1%, yoy ↑5% yoy ↑6% hiring and expanded AI capabili
Slide 13: Underlying franchise momentum driven by disciplined growth
Underlying franchise momentum driven by disciplined growth Healthy lending momentum with portfolio optimisation in Q2 Well-balanced portfolio across economic sectors Gross loans trend by counterparty (AED bn) Manufacturing Construction 6% 2% Real Estate 15%2 +92bn, ↑ 16% yoy Agriculture Energy Tradi
Slide 14: Strong deposit franchise, high-quality, diversified funding mix
Strong deposit franchise, high-quality, diversified funding mix Strong deposit franchise, robust liquidity postion with LCR of 140% Resilient CASA mix (AED bn) Customer deposits trend by counterparty (AED bn) 841 871 853 813 848 +40bn, ↑ 5% yoy 488 Fixed 479 449 462 412 Deposits +12bn, ↑ 1% ytd 848
Slide 15: Prudent provisioning reflects disciplined risk management
Prudent provisioning reflects disciplined risk management Impairment charges, net (AED mn) & CoR3 (bps) NPLs1 and ECLs2 (%) • The increase in net impairment charges yoy primarily reflects management overlays of AED Provision Coverage (%) NPL ratio (%) 650 million in H1’26 in response to the evolving
Slide 16: Robust capital generation supported by earnings strength
Robust capital generation supported by earnings strength CET1 Ratio progression CET1, Tier 1 and CAR trends (%) 18% 17.1% CAR 14.5% 16% Cash DPS: 15.2% Tier 1 80 fils AED 8.84bn 1.2% +21 bps +63 bps +7 bps 14% 13.7% CET1 13.7% 13.3% 12.8% 12% Jun'20 Jun'22 Jun'23 Jun'24 Jun'25 Jun'26 Sep'25 Sep'20 S
Slide 17: FY26 guidance reaffirmed; loan growth expected at upper-end of guidance
FY26 guidance reaffirmed; loan growth expected at upper-end of guidance Macro-outlook1 H1’26 actuals 2026 guidance Oil price (average) Scale Loan growth +7% ytd ✓ Low- to mid- teens c. USD 83/b Unchanged Cost of Risk 64bps ✓ < 70bps UAE real GDP growth Asset Quality Provision c. 3.0% FY’26 c. 4.8% F
Slide 18: Wrap-up
Record performance with H1’26 profit before tax of AED 13.20bn, +3% yoy or +8% yoy excluding overlays; 18.5% RoTE firmly above medium-term guidance. Strong operating performance reflects broad-based franchise momentum, supported by margin expansion, diversified income streams. Wrap-up Robust AED 1.4
Slide 19: Appendix
HEADLINE Appendix
Slide 20: 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 H1’26 H1’25 yoy % H1’26 H1’25 yoy % H1’26 H1’25 yoy % (AED mn) (AED mn) (AED mn) Net interest Income 3,710 2,967 2
Slide 21: Q2/H1'26 highlights – Group financials (AED)
Q2/H1’26 highlights – Group financials (AED) Income Statement - Summary (AED mn) Q2’26 Q1’26 qoq % Q2’25 yoy % H1’26 H1’25 yoy % Net interest Income 5,867 5,612 5 5,085 15 11,479 10,090 14 Non-interest Income 4,301 3,723 16 4,410 (2) 8,024 8,219 (2) Operating Income 10,168 9,335 9 9,495 7 19,503 18,
Slide 22: Q2/H1'26 highlights – Group financials (USD)
Q2/H1’26 highlights – Group financials (USD) Income Statement - Summary (USD mn) Q2’26 Q1’26 qoq % Q2’25 yoy % H1’26 H1’25 yoy % Net interest Income 1,598 1,528 5 1,385 15 3,126 2,747 14 Non-interest Income 1,171 1,014 16 1,201 (2) 2,185 2,238 (2) Operating Income 2,769 2,542 9 2,585 7 5,311 4,985 7
Slide 23: Expanding, diversified franchise underpins sustained NFI strength
Expanding, diversified franchise underpins sustained NFI strength Non-Interest Income trends1 As % Operating Income FX & Other investment income 32% 34% 38% 45% 41% Fees & Commissions (AED bn) Other operating income yoy ↓2% AED 16.4bn 8.2 8.0 1.0 0.7 AED 12.0bn 4.4 4.3 4.2 2.3 2.8 3.8 4.0 0.3 AED 9.
Slide 24: Diversified real estate portfolio
Diversified real estate portfolio Significantly reduced exposure to real estate over time Conservative underwriting policies on real estate 26% 22% 22% 22% 200.0 180.0 Strong sponsor and equity underwriting standards. 19% 19% 160.0 20% 17% 17% 16% 15% In-depth evaluation of asset fundamentals, i
Slide 25: High-quality and diversified investment portfolio
High-quality and diversified investment portfolio By type By ratings By geography By counterparty By liquidity type Jun’26 Jun’26 Jun’26 Jun’26 Jun’26 AED 259bn AED 259bn AED 259bn AED 259bn AED 259bn Dec’25 Dec’25 Dec’25 Dec’25 Dec’25 AED 269bn AED 269bn AED 269bn AED 269bn AED 269bn • 62% rated A
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