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Emirates News Agency - FAB logs net profit of AED 8.1 bn in H1 2023

ABU DHABI, 20th July, 2023 (WAM) -- First Abu Dhabi Bank (FAB) today announced its record performance with a first half 2023 net profit at AED 8.1 billion, the highest ever achieved by the Group in a half-year period. Return on Tangible Equity (ROTE) increased substantially to 18.6 percent, with strong capital accretion lifting Group CET1 to 13.6 percent as of June-end 2023. Group operating income amounted AED 13.6 billion, an increase of 44 percent compared to the same period last year. Growth ...
Abu Dhabi Abuz Aby United Arab Emirates Lars Kramer Hana Al Rostamani First Abu Dhabi Bank
Source: wam.ae

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