First Abu Dhabi Bank

The bank’s robust performance was driven by double-digit growth across all business divisions, supported by diversified revenue streams, strong client activity

FAB said its latest Blue Bond reflects growing collaboration between the public and private sectors to drive climate-resilient infrastructure and sustainable economic growth in the UAE and beyond

In the second quarter of the year, net profit rose 29 per cent to Dhs5.51bn compared to Q2 2024, the bank shared

The stablecoin is intended for use across a wide range of applications, from individual consumer payments to advanced digital use cases such as AI and machine-to-machine transactions

The results come as FAB undergoes a restructuring aimed at strengthening its business in the Gulf and boosting shareholder return

FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent

The German lender outbid other international candidates for the soured loans, but it is not yet clear how much it will pay for the loan book