UAE Equity Research - Abu Dhabi Commercial Bank (ADCB) 2Q26 - First Look Note
Abu Dhabi Commercial Bank’s (“ADCB”, “The Bank”) net profit rose 31.5% YOY to AED 3,376 Mn in 2Q26, in line with our estimate of AED 3,346 Mn. The strong growth in net profit is primarily driven by higher net funded and non-funded income growth along with lower impairments and tax charges, partially offset by higher operating expenses.