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 was driven...