Slides
Page 1
Third Quarter 2026 Earnings Presentation Third quarter 2026 Earnings presentation October 2026 ABU DHABI COMMERCIAL BANK PJSC adcb.com/ir
Page 2
Third Quarter 2026 Earnings Presentation This presentation is not an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information only. This presentation does not contain all of the information that is material to an investor. By reading the presentation slides you agree to be bound as follows: This presentation has been prepared by Abu Dhabi Commercial Bank PJSC (“ADCB”), is furnished on a confidential basis and only for discussion purposes, may be amended and supplemented and may not be relied upon for the purposes of entering into any transaction . The information contained herein has been obtained from sources believed to be reliable but ADCB does not represent or warrant that it is accurate and complete . The views reflected herein are those of ADCB and are subject to change without notice. All projections, valuations and statistical analyses are provided to assist the recipient in the evaluation of the matters described herein. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results and to the extent that they are based on historical information, they should not be relied upon as an accurate prediction of future performance . No action has been taken or will be taken that would permit a public offering of any securities in any jurisdiction in which action for that purpose is required . No offers, sales, resales or delivery of any securities or distribution of any offering material relating to any such securities may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws and regulations . This presentation does not constitute an offer or an agreement, or a solicitation of an offer or an agreement, to enter into any transaction (including for the provision of any services) . No assurance is given that any such transaction can or will be arranged or agreed. Before entering into any transaction, you should consider the suitability of the transaction to your particular circumstances and independently review (with your professional advisers as necessary) the specific financial risks as well as the legal, regulatory, credit, tax and accounting consequences . This presentation may include forward -looking statements that reflect ADCB's intentions, beliefs or current expectations . Forward -looking statements involve all matters that are not historical by using the words "may", "will", "would", "should", "expect", "intend", "estimate", "anticipate", "believe" and similar expressions or their negatives . Such statements are made on the basis of assumptions and expectations that ADCB currently believes are reasonable, but could prove to be wrong. The inclusion of such forward -looking statements shall not be regarded as a representation by ADCB or any other person that ADCB’s objectives will be achieved . ADCB undertakes no obligation to update or publicly announce revisions to any forward -looking statements, except where it would be required to do so under applicable law. This presentation is for the recipient’s use only. This presentation is not for distribution to retail clients . In particular, neither this presentation nor any copy hereof may be sent or taken or distributed in the United States, Australia, Canada or Japan or to any U.S. person (as such term is defined in Regulation S under the U.S. Securities Act 1933, as amended (the “Securities Act”)), except pursuant to an exemption from the registration requirements of the Securities Act. If this presentation has been received in error it must be returned immediately to ADCB. Accordingly, this presentation is being provided only to persons that are (i) "qualified institutional buyers" within the meaning of Rule 144A under the Securities Act or (ii) not "U.S. persons" within the meaning of Regulation S under the Securities Act. By accepting the delivery of this presentation, the recipient warrants and acknowledges that it falls within the category of persons under clause (i) or (ii). No representation can be made as to the availability of the exemption provided by Rule 144 for re-sales of any securities offered by or guaranteed by ADCB. No securities offered by or guaranteed by ADCB have been recommended by, or approved by, the United States Securities and Exchange Commission (the “SEC") or any other United States federal or state securities commission or regulatory authority, nor has any such commission or regulatory authority passed upon the accuracy or adequacy of this presentation . This document does not disclose all the risks and other significant issues related to an investment in any securities/transaction . Prior to transacting, potential investors should ensure that they fully understand the terms of any securities/transaction and any applicable risks. This document is not a prospectus for any securities . Investors should only subscribe for any securities on the basis of information in the relevant prospectus and term sheet, and not on the basis of any information provided herein . This presentation is being communicated only to (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or (iii) those persons to whom it may otherwise lawfully be distributed (all such persons together being referred to as “relevant persons”). This presentation is communicated only to relevant persons and must not be acted on or relied on by persons who are not relevant persons . Any investment or investment activity to which this presentation relates is available only to relevant persons and will be engaged in only with relevant persons. By accepting this document you will be taken to have represented, warranted and undertaken that (i) you are a relevant person (as defined above); (ii) you have read and agree to comply with the contents of this notice; and (iii) you will treat and safeguard as strictly private and confidential all such information and take all reasonable steps to preserve such confidentiality . Disclaimer 2
Page 3
Third Quarter 2026 Earnings Presentation Table of contents 1. Financial highlights 2. Operating environment & guidance 3. Appendix 04 19 23
Page 4
Third Quarter 2026 Earnings Presentation 1. Financial highlights
Page 5
Third Quarter 2026 Earnings Presentation Diversified growth by business streams % contribution to 9M’26 operating income Strong 9M’26 performance driven by significant lending growth and diversified income amid positive UAE economic momentum 5 FINANCIAL HIGHLIGHTS Financial highlights 9M’26 key highlights Note: Figures may not add up due to rounding differences Certain disclosure notes/numbers have been reclassified and rearranged from the Group’s prior period condensed consolidated i nterim financial information to conform to the current period's presentation (1) Comprises the activities and operations of entities not included in other segments, including income from real estate management, rental income from leased properties and any other activities not specifically attributable to other reportable segments Others (1) 1.5% AED 0.273 bn Treasury and Investments 24.6% AED 4.510 bn Retail Banking 33.9% AED 6.203 bn Private Banking 6.2% AED 1.136 bn Corporate and Investment Banking 33.8% AED 6.184 bn Profit before tax AED 11.7 bn +28% YoY YoY deposit growth +18% YoY+16% YoY AED 76 bn YoY net loan growth AED 71 bn AED 18.306 bn • Profit growth extended to 21 consecutive quarters: Q3’26 profit before tax increased 28% YoY to AED 4.063 bn and rose 28% YoY to AED 11.670 bn in 9M’26 • Record net profit after tax: AED 3.559 bn in Q3’26, up 15% YoY, and AED 10.296 bn in 9M’26, up 27% YoY and representing RoAE of 16.2% • Continued diversification of revenue streams: Non-interest income increased 21% YoY to AED 6.964 bn in 9M’26, representing 38% of operating income, driven by double -digit growth in fee and trading income • Enhanced operating efficiency: Cost-to-income ratio improved by 40 bps YoY to 27.3% in 9M’26, while continued investment in technology and AI is elevating productivity and the customer experience • Significant loan growth: Net loans increased 16% (AED 66 bn) YTD and 5% (AED 24 bn) QoQ to AED 469 bn, supported by expansion across diverse economic sectors • High asset quality: NPL ratio at a record low of 1.60% at September -end, while cost of risk improved to 36 bps in 9M’26 from 73 bps a year earlier • Sustained growth in customer deposits: Deposits increased 12% (AED 58 bn) YTD and 6% (AED 32 bn) QoQ to AED 558 bn, reflecting the strength of the ADCB franchise • Strong capital and liquidity position: CET1 ratio of 13.79% and LCR of 116.8%, supporting business momentum • Progress on the Bank’s AI strategy: One year after the launch of the AI transformation programme, the Bank continues to embed AI across operations to enhance productivity and customer experience • On track to deliver five- year and full -year 2026 guidance: Cost of risk guidance lowered to below 50 bps from below 60 bps, reflecting strong underlying credit quality and a well -diversified exposure profile
Page 6
Third Quarter 2026 Earnings Presentation FINANCIAL HIGHLIGHTS 6 Strong 9M’26 financial performance Note: Figures may not add up due to rounding differences (1) Including Islamic financing (2) After including share in profit of associates (3) The Group is subject to the Domestic Minimum Top -up Tax (DMTT), which is aligned with the OECD Pillar Two Global Anti- Base Erosi on (GloBE) model rules. Under the DMTT, the Group’s UAE tax rate increases from 9% to 15%. However, where the conditions of the initial phase of International Activity Exclusion (IAE) are met, the Group is eligible to reduce its UAE tax rate from 15% to 9%. Based on the Group’s assessment as at 30 September 2026, the Group meets the eligibility criteria for the IAE. Accordingly, the applicable tax rate for the period in the UAE is 9% (4) For ROATE/ROAE/ROAA calculations, net profit after tax attributable to equity shareholders has been considered, i.e. net profit after deducting coupon payments relating to Tier I capital notes (5) Diluted earnings per share for 9M’26 and 9M’25 are AED 1.24 and 1.01 respectively (AED bn) Income statement (AED mn) 9M’26 9M’25 ∆YoY% Total net interest income (1) 11,342 10,855 4 Non-interest income 6,964 5,761 21 Operating income 18,306 16,616 10 Operating expenses (5,006) (4,599) 9 Operating profit before impairment charge 13,300 12,017 11 Impairment charge (1,646) (2,920) (44) Profit before tax (2) 11,670 9,108 28 Income tax charge (3) (1,374) (1,004) 37 Net profit (3) 10,296 8,104 27 Profit before tax Operating income +10% 9.108 11.670 16.616 18.306 9M’25 9M’26 9M’25 9M’26 Record 9M’26 earnings, driven by top- line growth, greater efficiencies and lower impairments +28% RoAA(4) 1.58% 9M’25: 1.45% RoATE(4) 17.9% 9M’25: 16.6% RoAE(4) 16.2% 9M’25: 14.7% Basic EPS (5) AED 1.25 9M’25: 1.02
Page 7
Third Quarter 2026 Earnings Presentation Income statement (AED mn) Q3’26 Q2’26 Q3’25 ∆QoQ% ∆YoY% Total net interest income (1) 3,871 3,733 3,807 4 2 Non-interest income 2,454 2,314 2,068 6 19 Operating income 6,325 6,047 5,875 5 8 Operating expenses (1,796) (1,691) (1,624) 6 11 Operating profit before impairment charge 4,529 4,356 4,251 4 7 Impairment charge (472) (536) (1,087) (12) (57) Profit before tax (2) 4,063 3,826 3,166 6 28 Income tax charge (504) (450) (76) 12 563 Net profit (3) 3,559 3,376 3,090 5 15 Q3’26 profit before tax up 28% YoY, marking 21 consecutive quarters of growth 7 FINANCIAL HIGHLIGHTS Note: Figures may not add up due to rounding differences (1) Including Islamic financing (2) After including share in profit of associates (3) The Group is subject to the Domestic Minimum Top -up Tax (DMTT), which is aligned with the OECD Pillar Two Global Anti- Base Erosi on (GloBE) model rules. Under the DMTT, the Group’s UAE tax rate increases from 9% to 15%. However, where the conditions of the initial phase of International Activity Exclusion (IAE) are met, the Group is eligible to reduce its UAE tax rate from 15% to 9%. Based on the Group’s assessment as at 30 September 2026, the Group meets the eligibility criteria for the IAE. Accordingly, the applicable tax rate for the period in the UAE is 9% (4) Excluding net loss on discontinued operations (as applicable) and one- off gain recorded from the divestment of an 80% stake in A bu Dhabi Commercial Properties (ADCP) in Q4’23 (5) For ROATE/ROAE/ROAA calculations, net profit after tax attributable to equity shareholders has been considered, i.e. net profit after deducting coupon payments relating to Tier I capital notes (6) Diluted earnings per share for Q3’26 and Q3’25 are AED 0.43 and 0.39 respectively 21 quarters of consecutive growth in profit before tax(4) Q3’26 profit before tax (AED bn) 4.06 2021 2022 2023 2024 +28% YoY +6% QoQ RoAA(5) 1.56% Q3’25: 1.57% RoATE(5) 18.2% Q3’25: 18.6% RoAE(5) 16.5% Q3’25: 16.6% Basic EPS (6) AED 0.43 Q3’25: AED 0.39 2025 2026 1.30 1.48 1.51 1.61 1.63 1.81 1.93 1.99 2.00 2.01 2.43 2.59 2.68 2.88 2.91 3.04 3.17 3.74 3.78 3.83 4.06 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Page 8
Third Quarter 2026 Earnings Presentation 6.03 5.90 5.90 5.65 5.30 5.29 5.43 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Net interest income up 4% YoY in 9M’26 driven by significant loan growth, with risk -adjusted NIM rising on lower cost of risk 8 FINANCIAL HIGHLIGHTS Key highlightsNet interest income (AED mn) 2.48 2.49 2.45 2.39 2.32 2.20 2.16 2.01 1.67 1.68 2.24 1.94 1.87 1.87 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Net interest margin Risk-adjusted NIM (2) NIM and risk-adjusted NIM (%)(1) Cost of funds (%) Asset yield (%)(1) Cost of funds Average 3M SOFRAverage 3M EIBOR Note: Figures may not add up due to rounding differences (1) FVTPL assets are non -interest bearing, therefore excluded from the calculation of Interest earning assets (2) Risk adjusted NIM: Net interest income less impairment charge on loans and advances to customers, banks, and investment secur ities divided by average interest earning assets • Net interest income increased 4% YoY in 9M’26 and 4% QoQ in Q3’26 , driven by significant loan growth • In Q3’26, NIM moderated to 2.16%, 29 bps lower YoY and 4 bps lower QoQ, mainly reflecting lower rates earlier in the year and a shift in the funding mix as the Bank increased term deposits to maintain a resilient liquidity position • Risk-adjusted NIM increased 11 bps YoY to 1.89% in 9M’26, supported by a lower cost of risk and strategic focus on GRE lending 3 rate cuts from Sep’25 to Dec’25 (5,352) (5,223) (5,872) 9,159 8,956 9,743 3,807 3,733 3,871 (15,197) (15,903) 26,052 27,245 10,855 11,342 Q3’25 Q2’26 Q3’26 9M’25 9M’26 Interest expenseInterest income +2% +4% 1.78 9M’25 9M’26 5.94 5.34 9M’25 2.47 9M’26 2.22 4.29 4.20 4.14 3.78 3.59 3.76 3.97 4.30 4.29 4.20 3.83 3.67 3.67 3.82 3.72 3.55 3.60 3.43 3.14 3.23 3.41 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 3 rate cuts from Sep’25 to Dec’25 3.62 4.21 4.27 9M’25 9M’26 3.26 3.77 3.72 1.89 1 rate hike in Sep’26 1 rate hike in Sep’26
Page 9
Third Quarter 2026 Earnings Presentation Non-interest income up 21% YoY in 9M’26, driven by double -digit growth in fee and trading income 9 FINANCIAL HIGHLIGHTS Net fees and commission income(2) (AED mn) Key highlights Note: Figures may not add up due to rounding differences (1) Other operating income includes net gains/(losses) from investment properties (2) All figures in the pie charts are net of related expenses (3) Others mainly includes POS/acquiring related fees, bond arrangement fees, insurance commission, etc. • Non-interest income increased 21% YoY to AED 6.964 bn in 9M’26 , representing 38.0% of total operating income, up from 34.7% a year earlier • Net fees and commission income increased 24% YoY in 9M’26 and 28% YoY in Q3’26, led by loan processing and trade finance fees • Net trading income increased 39% YoY in 9M’26 and 48% YoY in Q3’26, higher gains on FVTPL financial instruments and derivatives • Other operating income in Q3’26 was lower YoY, reflecting one -off gains in the comparable period (gains on the sale of loans and on hedging derivatives in Q3’25) 9M’26 AED 3,370 mn +24% Non-interest income/total income Asset mgt./investment services: 221 (12%) Loan processing fees: 1,219 (39%) Accounts related fees: 471 (12%) Others (3): 173 ( -5%) Card related fees: 569 (22%) Trade finance commission: 717 (24%) Non-interest income (AED mn) Q3’26 Q2’26 Q3’25 ΔQoQ% ΔYoY% 9M’26 9M’25 ΔYoY% Net fees and commission income 1,246 1,186 971 5 28 3,370 2,720 24 Net trading income 957 972 648 (2) 48 2,888 2,079 39 Other operating income (1) 251 156 449 61 (44) 706 962 (27) Total non -interest income 2,454 2,314 2,068 6 19 6,964 5,761 21 35% 38% 39% 35% 38% Q3'25 Q2'26 Q3'26 9M'25 9M'26 +22% YoY 9M’26 card related fees +39% YoY 9M’26 loan processing fees 9M’25 AED 2,720 mn Asset mgt./investment services: 197 Loan processing fees: 874 Accounts related fees: 421 Others (3): 182 Card related fees: 468 Trade finance commission: 578
Page 10
Third Quarter 2026 Earnings Presentation 914 988 1,016 590 593 669 120 110 1111,624 1,691 1,796 2,613 2,833 1,658 1,837 328 3364,599 5,006 Q3’25 Q2’26 Q3’26 9M’25 9M’26 Cost-to-income ratio improved 40 bps YoY in 9M’26 as strong revenue growth outpaced operating expenses 10 FINANCIAL HIGHLIGHTS Note: Figures may not add up due to rounding differences Key highlightsCost to income ratioOperating expenses (AED mn) General administrative expensesStaff costs Depreciation & amortisation of intangible assets • Greater efficiency driven by continued top -line growth combined with cost discipline and productivity gains • Operating expenses increased 9% YoY to AED 5.006 bn in 9M’26, reflecting continued investment in talent, technology & AI and new business capabilities to drive growth 27.6% 28.0% 28.4% 27.7% 27.3% Q3’25 Q2’26 Q3’26 9M’25 9M’26 -40 bps+80 bps+9%+11%
Page 11
Third Quarter 2026 Earnings Presentation Significant balance sheet expansion, with net loans up 16% during 9M’26 and customer deposits up 12% 11 FINANCIAL HIGHLIGHTS Note: Figures may not add up due to rounding differences (1) Euro commercial paper (2) Liquidity ratio: Liquid assets/total assets. Liquid assets include cash and balances with Central Banks, deposits and balances d ue from banks (excluding loans to banks), reverse repo placements, trading securities, and liquid investments (excluding unquoted investments) (3) At amortised cost CET1 ratio 13.79% CAR 16.54% Balance sheet (AED mn) Sep’26 Jun’26 Dec’25 Sep’25 ΔQoQ% ΔYTD% ΔYoY% Total assets 889,991 833,184 773,654 744,273 7 15 20 Net interest earning assets 737,822 703,236 649,440 627,196 5 14 18 Net loans and advances to customers (3) 468,987 444,596 403,031 398,308 5 16 18 Net loans and advances to banks 22,273 23,660 28,380 33,723 (6) (22) (34) Investment securities 169,164 170,747 166,137 159,292 (1) 2 6 Deposits from customers CASA Time deposits 558,155 251,223 306,932 526,638 240,702 285,936 499,775 232,016 267,759 482,440 215,936 266,504 6 4 7 12 8 15 16 16 15 Borrowings (including ECP (1)) 133,469 119,523 98,514 102,182 12 35 31 Total shareholders’ equity 91,074 89,250 88,737 79,505 2 3 15 LTD ratio 84.0% Dec’25: 80.6% LCR 116.8% Dec’25: 131.3% Liquidity ratio(2) 34.4% Dec’25: 34.7% 13.79% 13.66% 13.79% Dec’25 Jun'26 Sep'26 17.00% 16.50% 16.54% Dec’25 Jun'26 Sep'26
Page 12
Third Quarter 2026 Earnings Presentation 297 303 345 354 74 76 76 8327 25 24 32398 403 445 469 Sep'25 Dec'25 Jun'26 Sep'26 Private Banking GroupRetail Banking Group Broad-based lending growth in 9M’26 across GREs, financial institutions, trading and energy, and personal loans 12 FINANCIAL HIGHLIGHTS Gross loans by geography (AED bn)Net loans (AED bn) Corporate & Investment Banking Group Gross loans: AED 478 bn Key highlights AED 128 bn New credit extended in 9M’26 AED 62 bn Repayments in 9M’26 Note: Figures may not add up due to rounding differences (1) Others include: agriculture, energy, transport, manufacturing, services and others (2) Retail loans include personal loans, auto loans and others Net loans +18% YoY +5% QoQ • Net loans increased AED 66 bn (+16%) YTD and AED 24 bn (+5%) QoQ to AED 469 bn, reflecting healthy financing demand across key sectors • Over 90% of Q3’26 loan growth was driven by domestic lending • Loan portfolio remained well diversified , with the UAE representing 71% of gross loans and international exposure at 29%, supporting ADCB's strategy of balanced domestic and international exposure 309 299 318 341 102 112 135 137 410 411 453 478 Sep’25 Dec’25 Jun’26 Sep’26 Within the UAE Outside the UAE Personal 19% Government & PSE 23% Trading 10% Financial institutions 12% Hospitality 1% Others (1) 24% Real estate investment 10% By economic sector By product By geographyOverdrafts (retail & corporate) 4% Credit cards 1% Mortgages 4% Trade finance 8% Retail loans (2) 12% Corporate loans 71% Outside UAE 29% Dubai 21% Other Emirates 5% Abu Dhabi 45% +16% YTD
Page 13
Third Quarter 2026 Earnings Presentation Well diversified and highly secured real estate portfolio with strict internal caps and underwriting policies 13 FINANCIAL HIGHLIGHTS Total real estate portfolioCommercial real estate investment (% of total gross loans) 39% 28% 27% 24% 22% 17% 14% 11% 10% Dec'18 Dec'19 Dec'20 Dec'21 Dec'22 Dec'23 Dec'24 Dec'25 Sep'26 Real estate loan classification • Purpose of the loan is real estate • Repayment of the loan is primarily from real estate Firm underwriting policies • Bank does not finance: Undeveloped land, Secondary mortgages • Very selective financing: Under construction projects and outside UAE Portfolio composition 79% Portfolio loan to value (LTV) 158% Portfolio coverage ratio (provision + collateral) 75% Exposure to completed income generating projects Gross Loans AED 478 bn Residential mortgages 4% Commercial real estate 10% Rest of the portfolio 86% Commercial real estate composition • Commercial towers • Hotels/hotel apartments • Working capital funding • Shopping malls, etc.
Page 14
Third Quarter 2026 Earnings Presentation 187.3% 146.4% 159.4% 156.0% Sep'25 Dec'25 Jun'26 Sep'26 6,821 3,383 4,210 4,163 5,278 4,550 4,533 4,624 2,426 2,369 2,265 2,226 14,524 10,302 11,009 11,013 Sep'25 Dec'25 Jun'26 Sep'26 644 592 540 232 Sep’25 Dec’25 Jun'26 Sep’26 2.01% 1.64% NPL ratio including POCI, net Non-performing loans (AED mn) and NPL ratio 8,325 8,075 8,208 8,022 Sep'25 Dec'25 Jun'26 Sep'26 1.83% 1.71% NPL ratio Note: POCI: Purchased or originated credit -impaired financial assets CoR: Net impairment charge on loans & advances and investments divided by net average loans & advances and investments (1) Provisions on loans and advances, including fair value adjustments and IFRS 9 reserve (2) Fair value adjustments on loans include the historical ECL carried in books of AHB and ex -UNB (excluding POCI) (3) Excludes impairment allowances on POCI FINANCIAL HIGHLIGHTS Strong asset quality with cost of risk at 36 bps in 9M’26, and NPL ratio at a record low of 1.60% as at September -end 14 Cost of risk POCI assets (AED mn) and NPL ratio including POCI Provision coverage ratio(1) ECL by stage (AED mn) Provision coverage ratio including collateral Stage 1 and 2 Stage 3 (3) Fair value adjustments (2) 249% 272% 646 1,187 1,087 183 638 536 472 2,920 1,646 0.49% 0.88% 0.82% 0.16% 0.41% 0.36% 0.31% 0.73% 0.36% Q1'25 Q2'25 Q3'25 Q4'25 Q1’26 Q2’26 Q3’26 9M’25 9M’26 Cost of riskNet impairment charge (AED mn) FY’25 Impairment charge: AED 3,103 mn Cost of risk: 0.59% • Net impairment charge in Q3’26 was 57% lower YoY, primarily due to a build -up of provisions in Q3’25 on a small number of legacy corporate accounts 1.86% 1.60% 289% 263% 1.96% 1.82%
Page 15
Third Quarter 2026 Earnings Presentation 15 Disciplined risk management and underwriting practices driving strong risk performance of the ADCB retail portfolio compared to the market FINANCIAL HIGHLIGHTS Source: Al Etihad Credit Bureau (AECB) benchmark report Personal loans delinquency 30+ DPD Credit cards delinquency 30+ DPD Mortgage delinquency 30+ DPD Auto loans delinquency 30+ DPD Total portfolio delinquency 30+ DPD 1.0% 0.9% 0.8% 0.8% 0.7% 0.9% 0.8% 0.8% 0.7% 0.8% 2.6% 2.5% 2.0% 2.1% 2.0% 2.0% 1.9% 1.9% 1.9% 1.8% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ADCB Market 2.4% 2.3% 2.6% 2.8% 2.4% 2.4% 2.5% 2.7% 2.7% 3.6% 4.1% 4.0% 4.0% 4.1% 3.9% 4.1% 4.0% 4.4% 4.6% 4.7% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ADCB Market 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.4% 0.5% 0.6% 0.5% 0.7% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.7% 0.7% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ADCB Market 0.8% 0.6% 0.7% 0.7% 0.7% 0.9% 0.7% 0.8% 0.7% 0.6% 1.3% 1.4% 1.4% 1.3% 1.5% 1.6% 1.5% 1.4% 1.5% 1.2% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ADCB Market 0.5% 0.3% 0.5% 0.5% 0.4% 0.5% 0.4% 0.4% 0.2% 0.4% 3.2% 2.6% 2.5% 2.6% 2.4% 2.2% 1.9% 1.9% 1.9% 1.9% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ADCB Market
Page 16
Third Quarter 2026 Earnings Presentation 159,292 166,137 170,747 169,164 Sep'25 Dec'25 Jun'26 Sep'26 • Rated A - or better: 94.2% • Rated BBB+ to BBB- : 5.3% • Rated below investment grade: 0.5% (BB+ and below including unrated) Non-Government bond portfolio • Carried at amortised cost: 41% • Carried at FVTOCI: 59% Investment securities Investment portfolio of AED 169 bn, up 6% YoY, with approximately 99% invested in bonds 16 FINANCIAL HIGHLIGHTS Investment securities: AED 169,164 mn(2)Investment securities (AED mn) Asia 10% Other GCC countries 21% Europe 18% USA 13% Domestic 27% Banks and FI 14% Public sector 14% Others 7% Government 65% Total bond portfolio Government and Non-Government bond portfolio: AED 167,691 mn Level 2 Valuation techniques using observable inputs 6% Level 1 Quoted market prices 94% UAE Sovereign (4) 0.2% BBB+ to BBB - 8% AAA to AA- 56% A+ to A- 34% BB+ to unrated 2% Maturity profile (AED mn)(3) Fair value hierarchy Credit ratings By region By issuer Invested in the UAE and GCC (Dec’25: 50%) 49% Invested in bonds 99.1% +6% Note: Figures may not add up due to rounding differences (1) Includes AED 69 bn investments carried at amortised cost (31 Dec 2025: AED 82 bn) (2) Includes equity instruments and mutual funds (3) Excluding investments in equity instruments and mutual funds (4) UAE Sovereign internal rating in Grade 3 and maps to external rating between AA to A - 5,800 25,154 20,787 21,376 94,574 2026 2027 2028 2029 2030 & beyond Rest of the world 10% • Standard & Poor’s, or equivalent of Fitch or Moody’s. Issuer/guarantor’s- based ratings are used, where bonds are unrated Credit ratings (1)
Page 17
Third Quarter 2026 Earnings Presentation Sustained inflows of customer deposits supporting a resilient funding profile and liquidity position 17 FINANCIAL HIGHLIGHTS CASA split by business (AED mn)Liability mix Note: Figures may not add up due to rounding differences (1) Sep'25 and Dec'25 numbers have been reclassified to match the current period classification (2) Includes Business banking Key highlightsMaturity profile (AED bn)Wholesale funding As at 30 Sep 2026 AED bn Global medium -term notes (GMTN) 31 Repurchase agreements 76 Euro commercial paper 11 Bilateral loans 7 Certificate of deposits 6 Subordinated notes – fixed rates 2 Total 133 ECPBilateral loansRepo and CD MTN/GMTN and Islamic sukuk notes AED 799 bn CASA deposits Time depositsCIBG Private Banking Retail Banking (2) Treasury 215 226 241 249 144 152 160 170 54 56 57 6170 66 68 79482 500 527 558 Sep'25 Dec'25 Jun'26 Sep'26 216 232 241 251267 268 286 307 Sep'25 Dec'25 Jun'26 Sep'26 Customer deposits 70% Euro commercial paper 1 % Other liabilities 6% Derivative financial instruments 5% Borrowings 15% Due to banks 3% • Strong franchise continued to drive customer deposit growth of AED 58 bn (+12%) YTD and AED 32 bn (+6%) QoQ to reach AED 558 bn at September -end, with growth across all business segments • An inflow of AED 21 bn in term deposits during Q3’26, combined with wholesale funding execution, supported a robust liquidity position, with an LCR of 116.8% at September -end • CASA deposits represented 45.0% of total deposits at September -end, up from 44.8% a year earlier • As at September-end ADCB was a net lender of AED 55 bn in the interbank markets (3) (3) Excludes net loans to banks of AED 22.3 bn from deposits and balances due from banks, net, but includes certificate of deposits with central banks of AED 14.3 bn and overnight placement with Central Bank of AED 17.2 bn As at 30 Sep 2026 Total deposits CASA CASA % Contribution to Group’s CASA % CIBG 248,733 95,759 38% 38% RBG 114,740 89,886 78% 36% Commercial 29,117 24,825 85% 10% Business banking excluding commercial 25,849 20,880 81% 8% PBG 61,171 18,517 30% 7% Subtotal 479,610 249,867 52% 99% Treasury 78,544 1,356 2% 1% ADCB Group 558,155 251,223 45% 100% 49.3 33.1 0.0 1.9 3.2 1.5 7.2 4.3 5.3 2.1 4.1 21.6 56.5 44.6 5.2 4.1 23.1 2026 2027 2028 2029 2030 & beyond Customer deposits (AED bn)(1)
Page 18
Third Quarter 2026 Earnings Presentation 427.6 482.7 11.4 17 35.9 37.7 474.9 55.1 5.6 1.8 537.3 31-Dec-25 ∆ Credit risk ∆ Market risk ∆ Operational risk 30-Sep-26 Robust capital position provides a solid foundation for continued growth and disciplined capital deployment Note: Figures may not add up due to rounding differences (1) UAE CB minimum CET1, Tier 1 and CAR requirements; 10.50%, 12.0% and 14.0% (2) Includes increase in credit valuation adjustment charge (3) 2022 dividend consisted of cash and stock dividend in the ratio of 33% (cash dividend of AED 0.18 per share) and 67% (stock dividend in lieu of cash of AED 0.37 per share) respectively 2.574 3.827 4.099 4.319 4.985 2021 2022 2023 2024 2025 Capital adequacy ratio walkthrough (%)(1) CRWA MRWA ORWA Dividend history and shareholders’ returns (AED bn)Risk weighted assets walkthrough (AED bn) Dividend amount 0.37 0.55 0.59 0.63 Dividend per share (AED) 0.56(3) 18 13.79 13.79 1.85 1.63 1.36 1.12 1.92 (0.30) (0.09) (1.74) (0.18) (0.06) 17.00 16.54 31-Dec-25 9M’26 net profit Revaluation reserve of investments designated at FVTOCI & others Tier 1 Coupon ∆ Credit risk ∆ Market risk ∆ Operational risk 30-Sep-26 CET1 ratio AT1 ratio Tier 2 ratio FINANCIAL HIGHLIGHTS (2)
Page 19
Third Quarter 2026 Earnings Presentation 2. Operating environment & guidance
Page 20
Third Quarter 2026 Earnings Presentation 20 Strong UAE macro -economic stability and fundamentals OPERATING ENVIRONMENT & GUIDANCE UAE: Oil output has risen sharply, reflecting easing supply constraints and UAE’s exit from OPEC post -May Global: We expect one further hike from the Fed in December. One further 25 bps hike from ECB and BoE in 2026 US: Recession risks ease further as the probability of a downturn declines to pre -pandemic levels % Source: Bloomberg, Federal Reserve, BoE, ECB, RBA, BoC, ADCB Economic Research Source: Bloomberg, ADCB Economic ResearchSource: NY Federal Reserve, Bloomberg, ADCB Economic Research % ‘000 b/d UAE: PMI rebounds in September as output strengthen, signalling renewed momentum in non-oil activity UAE: Credit Growth outpaces deposit growth as the loan-to-deposit ratio rises, lending drivers broad based Source: S&P Global, ADCB Economic Research Source: Central Bank of the UAE, ADCB Economic Research Index: A reading above 50 indicates an expansion L-D Ratio (LHA); % change y -o-y (RHA) AED billion UAE: System-wide net deposit remains strong; government and private deposits continue to underpin banking sector liquidity Source: Central Bank of the UAE, ADCB Economic Research (5) 0 5 10 15 20 25 75 77 79 81 83 85 87 89 91 93 Aug- 21 Aug- 22 Aug- 23 Aug- 24 Aug- 25 Aug- 26 Loan- to-Deposit Ratio (LHA) Gross Credit Growth, y- o-y (RHA) Deposit Growth, y- o-y (RHA) -200 -100 0 100 200 300 400 500 600 700 800 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Jul-26 Aug-26 GRE Net Deposits Government Net Deposits Government and GRE Net Deposits Total System-wide Net Deposits 30 35 40 45 50 55 60 65 70 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 Sep-26 PMI New Orders Output Index -1 0 1 2 3 4 5 US Canada UK Australia Eurozone Benchmark Rate at the Start of 2022 Current Benchmark Rate as of 13th of October Market Priced Rate at end-2026 0 20 40 60 80 Aug-07 Aug-09 Aug-11 Aug-13 Aug-15 Aug-17 Aug-19 Aug-21 Aug-23 Aug-25 Aug-27 NY Fed Probability of Recession in the US (12-month ahead) 2,000 2,500 3,000 3,500 4,000 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 Aug-26 UAE Oil Production Annual Average YTD Average
Page 21
Third Quarter 2026 Earnings Presentation 21 Investment outlook supported by sustained project awards OPERATING ENVIRONMENT & GUIDANCE UAE: Total project awards remain strong in 9M 2026; projects underway rising UAE: Project awards in the UAE moderated sharply in 2Q and 3Q, though ongoing focus on critical infrastructure and oil UAE: Project pipeline remains large; key sectors include transportation, construction and water USD billion (LHA); number of awards (RHA) Source: Meed projects, ADCB Economic Research Source: Meed projects, ADCB Economic ResearchSource: Meed projects, ADCB Economic Research USD billion USD billion UAE: Consumer lending continues to expand at strong rate, though seeing a deceleration Source: Central Bank of the UAE, ADCB Economic Research AED billion (LHA); % change y -o-y (RHA) UAE: Some pickup in hiring activity in September, though corporates cautions with higher costs Source: S&P Global, ADCB Economic Research Index: A reading above 50 indicates an expansion -5 0 5 10 15 20 0 100 200 300 400 500 600 700 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Personal Loans for Consumption Purposes, AED billion (LHA) 40 42 44 46 48 50 52 54 56 58 60 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 PMI Employment Staff Costs 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 0 20 40 60 80 100 120 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 9M2026 Value of Awards (LHA) Number of Awards (RHA) 0 10 20 30 40 50 60 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 2Q2019 3Q2019 4Q2019 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 3Q2026 Emirate of Abu Dhabi Emirate of Dubai UAE Total 0 20 40 60 80 100 Q4'26 Q1'27 Q2'27 Q3'27 Chemical Construction Gas Industrial Oil Power Transport Water UAE: Virtually no volumes passing through the Strait of Hormuz 2 Q2026; Volumes still well below 2025 levels * Twenty -foot equivalent units. Source: DP World, ADCB Economic Research TEU ‘000 * (LHA); % change y -o-y (RHA) (100) (80) (60) (40) (20) 0 20 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Jebel Ali Throughput Volume, TEU '000 (LHA) % change y- o-y (RHA)
Page 22
Third Quarter 2026 Earnings Presentation OPERATING ENVIRONMENT & GUIDANCE Summary and guidance (1) CoR: Net impairment charge on loans & advances and investments divided by net average loans & advances and investments (2) This statement represents a forward -looking projection and is subject to necessary approvals, including but not limited to board , regulatory, and shareholder approvals 22 Summary Guidance in five- year strategy launched in Q1 2025 Full-year 2026 guidance 9M'26 actuals CET1 ratio >12% >12% 13.79% Cost of risk (1) <50 bps (previously <60 bps) <50 bps (previously <60 bps) 36 bps RoE >15% >15% 16.2% Profitability Double net profit to AED 20 billion within five years; c.20% annual growth rate c.20% annual growth rate AED 10.296 billion; +27% YoY Dividend payout (2) Progressive year -on-year increase in paid -out dividends, with targeted total dividend payout of c. AED 25 billion over 5-year period Progressive year -on-year increase in paid -out dividends Final dividend proposed at full year • Record 9M’26 profitability supported by significant loan growth, diversified income streams, enhanced efficiency and lower cost of risk • Significant balance sheet expansion driven by broad -based lending growth and strong deposit momentum • High asset quality reflecting disciplined risk management, with cost of risk guidance lowered to below 50 bps for FY ’26 and five-year strategy (from 60 bps previously) • Strong capital and liquidity levels provide a foundation for continued growth, underpinned by positive momentum in the UAE economy
Page 23
Third Quarter 2026 Earnings Presentation 3. Appendix
Page 24
Third Quarter 2026 Earnings Presentation Note: Figures may not add up due to rounding differences (1) Includes right of use asset AED mn Sep’26 Dec’25 ΔYTD% Cash and balances with Central banks, net 74,872 63,019 19 Deposits and balances due from banks, net 69,685 56,594 23 Financial assets at fair value through profit or loss 29,879 24,622 21 Derivative financial instruments 27,179 15,160 79 Investment securities, net 169,164 166,137 2 Loans and advances to customers, net 468,987 403,031 16 Investment in associates and joint ventures 321 306 5 Investment properties 809 1,193 (32) Other assets, net (1) 40,788 35,245 16 Property and equipment, net 564 689 (18) Intangible assets 7,743 7,658 1 Total assets 889,991 773,654 15 Due to banks 23,749 19,086 24 Derivative financial instruments 39,103 28,264 38 Deposits from customers 558,155 499,775 12 Euro commercial paper 11,466 8,720 31 Borrowings 122,003 89,794 36 Other liabilities 44,438 39,274 13 Total liabilities 798,914 684,913 17 Total shareholders’ equity 91,074 88,737 3 Non-controlling interests 3 4 NM Total liabilities and shareholders’ equity 889,991 773,654 15 APPENDIX Balance sheet as at 30 September 2026 24
Page 25
Third Quarter 2026 Earnings Presentation APPENDIX Income statement for the nine- month period ended 30 September 2026 25 Note: Figures may not add up due to rounding differences (1) The Group is subject to the Domestic Minimum Top -up Tax (DMTT), which is aligned with the OECD Pillar Two Global Anti- Base E rosion (GloBE) model rules. Under the DMTT, the Group’s UAE tax rate increases from 9% to 15%. However, where the conditions of the initial phase of International Activity Exclusion (IAE) are met, the Group is eligible t o reduce its UAE tax rate from 15% to 9%. Based on the Group’s assessment as at 30 September 2026, the Group meets the eligibility criteria for the IAE. Accordingly, the applicable tax rate for the period in the UAE is 9% Quarterly trend YTD trend AED mn Q3’26 Q3’25 ΔYoY% 9M’26 9M’25 ΔYoY% Interest and income from Islamic financing 9,743 9,159 6 27,245 26,052 5 Interest expense and profit distribution (5,872) (5,352) 10 (15,903) (15,197) 5 Net interest and Islamic financing income 3,871 3,807 2 11,342 10,855 4 Net fees and commission income 1,246 971 28 3,370 2,720 24 Net trading income 957 648 48 2,888 2,079 39 Other operating income 251 449 (44) 706 962 (27) Non-interest income 2,454 2,068 19 6,964 5,761 21 Operating income 6,325 5,875 8 18,306 16,616 10 Staff expenses (1,016) (914) 11 (2,833) (2,613) 8 General administrative expenses (669) (590) 13 (1,837) (1,658) 11 Depreciation and amortisation of intangible assets (111) (120) (7) (336) (328) 2 Operating expenses (1,796) (1,624) 11 (5,006) (4,599) 9 Operating profit before impairment charge & taxation 4,529 4,251 7 13,300 12,017 11 Impairment charge (472) (1,087) (57) (1,646) (2,920) (44) Share in profit of associates 6 2 200 16 11 45 Profit before tax 4,063 3,166 28 11,670 9,108 28 Income tax charge (1) (504) (76) 563 (1,374) (1,004) 37 Net profit 3,559 3,090 15 10,296 8,104 27
Page 26
Third Quarter 2026 Earnings Presentation Click to view our reports ADCB Investor Relations adcb.com/annualreport Contact information For more information, please visit our website: adcb.com/ir or contact ADCB Investor Relations at ir@adcb.com 2025 Annual Report adcb.com/integratedreport 2025 Integrated Report adcb.com/esgreport 2025 ESG Report adcb.com/greenbondreport 2026 ADCB Green Bond Report