Group Financial Highlights

Income Statement:

Q1 2019 vs. Q1 2018

  • Group net revenues for Q1 2019 increased by 5.3% to AED 1,436.6 million vs. AED 1,363.9 million in Q1 2018.
  • Group net profit for Q1 2019 increased by 1.7% to AED 600.3 million vs. AED 590.4 million in Q1 2018.
  • Credit provisions and impairments for Q1 2019 increased by 24.4% to AED 186.4 million vs. AED 149.9 million for Q1 2018.

Balance Sheet:

31 March 2019 vs. 31 March 2018 and 31 December 2018

  • Total assets as of 31 March 2019 were AED 124.6 billion, representing an increase of 0.4% from AED 124.1 billion at the end of 31 March 2018 (and a decrease of 0.4% from AED 125.2 billion at 31 December 2018).
  • Net customer financing increased by 2.8% to AED 78.1 billion, from AED 76.0 billion at the end of 31 March 2018 (and decreased 0.7% from AED 78.7 billion at 31 December 2018).
  • Customer deposits decreased by 1.6% to AED 100.6 billion, from AED 102.2 billion at the end of 31 March 2018 (an increase of 0.2% from AED 100.4 billion at 31 December 2018). 

Capital adequacy and liquidity:

31 March 2019 vs. 31 March 2018 and 31 December 2018

  • The capital adequacy ratio under Basel III at 31 March 2019 was 17.53% vs. 16.02% at 31 March 2018, (31 December 2018 was 17.18%, after adjusting for the 2018 dividend).
  • ADIB remains one of the most liquid banks in the UAE, with an advances to stable funds ratio (a regulatory ratio) of 4% at 31 March 2019, vs. 80.4% at 31 March 2018 (82.9% at 31 December 2018) and an advances to deposits ratio of ­­­­77.7% at 31 March 2019, vs. 74.4% at 31 March 2018 (78.4% at 31 December 2018).

Read the full release here.

-Ends-

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