https://arab.news/8cwxe
First Abu Dhabi Bank has delivered record results for the first half of 2024, with a net profit
of AED8.4 billion, revenue of AED15.7 billion (+16 percent year over year) underlining the bank’s consistent growth trajectory, while profit before tax grew 15 percent year over year to AED10.0 billion. Q2 ‘24 net profit was AED4.3 billion, and operating income was AED7.8 billion (+14 percent year over year).
FAB is reaffirming its position as a leading force in the MENA banking sector, with the group delivering another strong set of results in the second quarter and first half of 2024.
Hana Al Rostamani, Group CEO of FAB
Hana Al Rostamani, group chief executive officer of FAB, said: “FAB is reaffirming its position as a leading force in the MENA banking sector, with the group delivering another strong set of results in the second quarter and first half of 2024.
Group net profit and revenue both reached new highs, at AED 8.4 billion and AED 15.7 billion, respectively.”