ADCB's net profit attributable to equity shareholders increased 15.2% YOY to AED 3.6 Bn in 3Q26, exceeding our estimate of AED 3.4 Bn. The growth was primarily driven by higher net funded and non-funded income coupled with lower impairment charges, partially offset by increased operating expenses and tax charges.

The Bank revised its 2026 guidance to high-single-digit loan growth (previously mid-to-high single digits) and lowered its cost of risk guidance to below 40 bps (previously below 50 bps). CBD revised its 2026 NIM guidance to 2.80–2.90% (previously 2.70–2.80%), cost-to-income ratio to below 27.0% (previously below 28.0%) and after-tax ROE to above 21.0% (previously above 18.0%).

DIB’s financing and sukuk portfolio expanded 8.4% YOY and 5.5% YTD to AED 372.1 Bn in 3Q26, financing growth was driven by healthy demand across all business segments. DIB’s Consumer Banking added AED 31 Bn in gross new financing, while Corporate Banking recorded over AED 28 Bn during 9M26.

DU's mobile subscriber base increased 3.3% YOY to 9.5 Mn in 3Q26, driven by sustained growth in postpaid and recovery in prepaid subscriber base. Fixed subscribers grew 5.2% YOY to 756K in 3Q26, supported by Home Wireless adoption.

DU’s revenue increased 7.1% YOY to AED 4.2 Bn in 3Q26, driven by strong growth in Mobile, Fixed, and Wholesale revenues, alongside higher ICT and handset revenues. Mobile Services revenue rose 3.9% YOY to AED 1.8 Bn in 3Q26, driven by subscriber growth and a favourable customer mix.

Net advances increased 24.2% YOY and 9.5% QOQ to AED 63.6 Bn in 3Q26, supported by growth across Retail, Wholesale and Business Banking. Customer deposits increased 21.3% YOY and 5.9% QOQ to AED 79.6 Bn in 3Q26, supported by growth in time deposits.