Net advances increased 15.5% YOY and 6.2% QOQ to SAR 129.8 Bn in 1Q26. While customer deposits grew 13.1% YOY and 5.6% QOQ to SAR 140.3 Bn in 1Q26. ALBI’s headline loan-to-deposit ratio increased from 92.0% in 4Q25 to 92.5% in 1Q26.

ADCB’s Net loans increased 18.4% YOY to AED 425.7 Bn, driven by solid credit demand across the UAE and key international corridors. The bank also strengthened its capital markets franchise, notably acting as joint lead manager on the Republic of Turkiye’s USD 3.5 Bn dual-tranche bond issuance, highlighting its growing capabilities in international debt markets.

Net advances and Islamic financing increased by 20.9% YOY and 3.6% QOQ to AED 15.1 Bn in 1Q26, supported by robust demand across corporate and retail segments. CASA deposits increased 15.2% YOY to AED 6.2 Bn in 1Q26, representing 36.9% of total deposits.

The Bank expects loans to grow by mid-to-high single digits, along with stable CASA and deposit growth in 2026. Management revised its cost of risk guidance upward from below 50 bps to below 70 bps and maintained a cost-to-income ratio below 28% in 2026.

ADCB’s Net profit attributable to equity shareholders increased 37.4% YOY to AED 3.4 Bn higher than our estimate of AED 2.9 Bn in 1Q26. The increase in net profit was mainly driven by higher net funded and non-funded income along with lower impairments and lower tax expense, partially offset by increase in operating expenses and lower share of profit from associates.