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ADIB's Q1 net profit before tax up 18%
Khaleej Times
|April 24, 2025
Abu Dhabi Islamic Bank on Wednesday reported a Q1 2025 net profit before tax of Dh1.9 billion, rising 18 per cent year-onyear, reflecting a strong balance sheet growth, coupled with increased business momentum and a sustained customer growth.
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Q1 2025 net profit before tax increased 18 per cent compared to Q4 2024, reflecting significant growth and reinforcing the positive trajectory it has built over recent quarters. Net profit after tax for Q1 2025 was Dh1.7 billion, reflecting an 18 per cent increase compared to Q1 2024.
Revenue for Q1 2025 improved by 14 per cent to Dh2.9 billion compared to Dh2.5 billion for Q1 2024. This was supported by an increase in both income from financing activities and non-funding income. The strong business volumes along with continued strength in fee-based businesses, played a significant role in this improvement.
Esta historia es de la edición April 24, 2025 de Khaleej Times.
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