UAE Equity Research - Abu Dhabi Islamic Bank (ADIB) 1Q25 - Earnings Call Insight
Net funded income grew 3.6% YOY to AED 1.75 Bn in 1Q25, driven by strong growth from Islamic Financings partially offset by an increase in funded expense. ADIB continued to expand its customer base, with 67,000 new customers joining in 1Q25 taking total customer base to c. 2 Mn, reflecting the bank’s growing appeal and strong market position.