Interim report
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CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION FOR THE PERIOD ENDED 30 SEPTEMBER 2026
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1 of 37 TABLE OF CONTENTS REVIEW REPORT ON CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION ............................................................ 2 CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION ............................................................................ 4 CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS ................................................................................... 5 CONDENSED CONSOLIDATED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME ........................................................ 6 CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY ............................................................................ 7 CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS ........................................................................................ 8 NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION ..................................................................... 9 1 Legal status and principal activities .......................................................................................................................................... 9 2 Statement of compliance ......................................................................................................................................................... 9 3 Basis of preparation ................................................................................................................................................................. 9 4 Material accounting policy information.................................................................................................................................. 10 5 Basis of consolidation ............................................................................................................................................................. 10 6 Use of estimates and judgements .......................................................................................................................................... 12 7 Cash and balances with central banks .................................................................................................................................... 14 8 Investments at fair value through profit or loss ..................................................................................................................... 14 9 Reverse repurchase agreements ............................................................................................................................................ 15 10 Loans, advances and Islamic financing ................................................................................................................................... 15 11 Non trading investment securities ......................................................................................................................................... 16 12 Investment in associates ........................................................................................................................................................ 17 13 Investment properties ............................................................................................................................................................ 18 14 Intangibles .............................................................................................................................................................................. 18 15 Due to banks and financial institutions .................................................................................................................................. 18 16 Repurchase agreements ......................................................................................................................................................... 18 17 Commercial paper .................................................................................................................................................................. 18 18 Customer accounts and other deposits.................................................................................................................................. 19 19 Term borrowings .................................................................................................................................................................... 19 20 Subordinated notes ................................................................................................................................................................ 21 21 Capital and reserves ............................................................................................................................................................... 21 22 Tier 1 capital notes ................................................................................................................................................................. 22 23 Net foreign exchange loss ...................................................................................................................................................... 22 24 Net gain on investments and derivatives ............................................................................................................................... 22 25 General, administration and other operating expenses ......................................................................................................... 23 26 Net impairment charge .......................................................................................................................................................... 23 27 Earnings per share .................................................................................................................................................................. 23 28 Cash and cash equivalents ..................................................................................................................................................... 24 29 Commitments and contingencies ........................................................................................................................................... 24 30 Segmental information........................................................................................................................................................... 25 31 Related parties ....................................................................................................................................................................... 27 32 Financial risk management..................................................................................................................................................... 29 33 Financial assets and liabilities................................................................................................................................................. 35 34 Comparative figures ............................................................................................................................................................... 37 35 Subsequent events ................................................................................................................................................................. 37
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www.pwc.com PricewaterhouseCoopers Limited Partnership -Abu Dhabi Unit no. 130, International Capital Trading LLC Bldg., 15 Thani Bin Abdullah Al Rumaithi Street (Street 43), W44 Al Bateen, PO Box: 45263, Abu Dhabi, UAE. T: +971 2 694 6800 Licence no. CN-1001301, Auditors’ Registry no. FC0006-02, a branch of a DIFC entity. 2 of 37 Report on review of condensed consolidated interim financial information To the Board of Directors of First Abu Dhabi Bank P.J.S.C. Introduction We have reviewed the accompanying condensed consolidated interim statement of financial position of First Abu Dhabi Bank P.J.S.C. (the “Bank”) and its subsidiaries (together the “Group”) as at 30 September 2026 and the related condensed consolidated interim statements of profit or loss and other comprehensive income for the three-month and nine-month periods then ended and the condensed consolidated interim statements of changes in equity and cash flows for the nine-month period then ended and explanatory notes. The Board of Directors is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with International Accounting Standard 34 'Interim Financial Reporting' (“IAS 34”). Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of interim financial information performed by the independent auditor of the entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
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3 of 37 Report on review of condensed consolidated interim financial information To the Board of Directors of First Abu Dhabi Bank P.J.S.C. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial information is not prepared, in all material respects, in accordance with IAS 34. PricewaterhouseCoopers Limited Partnership - Abu Dhabi 28 October 2026 Jigesh Ashokkumar Shah Registered Auditor Number 5621 Abu Dhabi, United Arab Emirates
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5 of 37 Condensed consolidated interim statement of profit or loss For the period ended (unaudited) Nine month period ended Three month period ended 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 Note AED million AED million AED million AED million Interest income 34 42,093 42,704 14,194 14,700 Interest expense (27,410) (29,221) (9,388) (10,192) Net interest income 14,683 13,483 4,806 4,508 Income from Islamic financing and investing products 3,603 2,899 1,213 1,052 Distribution on Islamic deposits (1,304) (1,100) (516) (368) Net income from Islamic financing and investing products 2,299 1,799 697 684 Total net interest income and income from Islamic financing and investing products 16,982 15,282 5,503 5,192 Fee and commission income 5,845 5,133 1,982 1,789 Fee and commission expense (1,648) (1,593) (569) (571) Net fee and commission income 4,197 3,540 1,413 1,218 Net foreign exchange loss 23,34 (1,609) (992) (1,396) (430) Net gain on investments and derivatives 24 9,309 8,629 4,521 3,139 Other operating income 835 1,192 171 223 Operating income 29,714 27,651 10,212 9,342 General, administration and other operating expenses 25 (6,399) (6,073) (2,148) (2,075) Profit before net impairment charge and taxation 23,315 21,578 8,064 7,267 Net impairment charge 26 (3,100) (2,326) (1,050) (850) Profit before taxation 20,215 19,252 7,014 6,417 Income tax expense (3,698) (3,196) (1,262) (1,011) Net profit for the period 16,517 16,056 5,752 5,406 Net profit attributable to: Shareholders of the Bank 16,461 16,019 5,735 5,387 Non-controlling interest 56 37 17 19 Basic and diluted earnings per share (AED) 27 1.43 1.39 0.50 0.46 The accompanying notes forms an integral part of these condensed consolidated interim financial information. The independent auditor’s report on the review of the condensed consolidated interim financial information is set out on page 2 to 3. Refer note 34 for changes to comparative figures.
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6 of 37 Condensed consolidated interim statement of other comprehensive income For the period ended (unaudited) Nine month period ended Three month period ended 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 AED million AED million AED million AED million Net profit for the period 16,517 16,056 5,752 5,406 Other comprehensive income Items that are or may be reclassified subsequently to profit or loss Exchange difference on translation of foreign operations (547) 343 (377) 136 Net change in fair value reserve during the period (including ECL) (3,915) 734 (2,148) 340 Income tax on items that may be reclassified subsequently to profit or loss 295 (60) 171 (26) Items that will not be reclassified to profit or loss Equity investments at fair value through other comprehensive income - net change in the fair value 378 (713) 99 (175) Re-measurement of defined benefit obligations - (1) - 1 Board of directors remuneration (30) - - - Income tax on items that will not be reclassified to profit or loss - 65 - 17 Other comprehensive (loss) / income for the period (3,819) 368 (2,255) 293 Total comprehensive income for the period 12,698 16,424 3,497 5,699 Comprehensive income attributable to: Shareholders of the Bank 12,656 16,419 3,438 5,679 Non-controlling interest 42 5 59 20 Total comprehensive income for the period 12,698 16,424 3,497 5,699 The accompanying notes forms an integral part of these condensed consolidated interim financial information. The independent auditor’s report on the review of the condensed consolidated interim financial information is set out on page 2 to 3.
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7 of 37 Condensed consolidated interim statement of changes in equity For the period ended (unaudited) Share capital Share premium Statutory and special reserves Other reserves Tier 1 capital notes Share based payment Retained earnings Equity attributable to owners of the Bank Non- controlling interest Total AED million AED million AED million AED million AED million AED million AED million AED million AED million AED million Balance at 1 January 2026 11,048 53,583 13,084 164 14,428 250 54,141 146,698 187 146,885 Net profit for the period - - - - - - 16,461 16,461 56 16,517 Other comprehensive loss for the period - - - (3,775) - - (30) (3,805) (14) (3,819) Realised gain on sale of FVOCI Investment (note 21) - - - (80) - - 80 - - - Total comprehensive income / (loss) for the period - - - (3,855) - - 16,511 12,656 42 12,698 Impairment reserve movement (note 21) - - - 85 - - (85) - - - Transactions with owners of the Bank Dividend for the year (note 21) - - - - - - (8,838) (8,838) (22) (8,860) Repayment of Tier 1 notes (note 22) - - - - (2,755) - (2) (2,757) - (2,757) Interest on Tier 1 capital notes (note 22) - - - - - - (667) (667) - (667) Balance at 30 September 2026 11,048 53,583 13,084 (3,606) 11,673 250 61,060 147,092 207 147,299 Balance at 1 January 2025 11,048 53,583 13,084 (3,997) 10,755 250 46,029 130,752 123 130,875 Net profit for the period - - - - - - 16,019 16,019 37 16,056 Other comprehensive income / (loss) for the period - - - 401 - - (1) 400 (32) 368 Realised gain on sale of FVOCI Investment (note 21) - - - (62) - - 62 - - - Total comprehensive income / (loss) for the period - - - 339 - - 16,080 16,419 5 16,424 Impairment reserve movement (note 21) - - - 1,309 - - (1,309) - - - Transactions with owners of the Bank Dividend for the year (note 21) - - - - - - (8,286) (8,286) - (8,286) Interest on Tier 1 capital notes (note 22) - - - - - - (617) (617) - (617) Balance at 30 September 2025 11,048 53,583 13,084 (2,349) 10,755 250 51,897 138,268 128 138,396 The accompanying notes forms an integral part of these condensed consolidated interim financial information. The independent auditor’s report on the review of the condensed consolidated interim financial information is set out on page 2 to 3.
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8 of 37 Condensed consolidated interim statement of cash flows For the period ended (unaudited) Note 30 Sep 2026 AED million 30 Sep 2025 AED million Cash flows from operating activities Profit before taxation 20,215 19,252 Adjustments for: Depreciation and amortisation of intangibles 25 597 720 Gain on sale of investment property (17) (190) Fair value gain on investment property (355) - Net impairment charge 26 3,435 2,573 Accreted interest 243 401 24,118 22,756 Changes in: Investments at fair value through profit or loss (7,761) (28,258) Due from central banks, banks and financial institutions (7,866) (801) Reverse repurchase agreements (12,843) (20,696) Loans, advances and Islamic financing (65,653) (70,162) Other assets 34 (3,012) (4,435) Due to banks and financial institutions 398 62,475 Repurchase agreements (1,982) 2,877 Customer accounts and other deposits 44,163 65,712 Derivative financial instruments 34 2,450 2,964 Other liabilities 34 600 6,968 (27,388) 39,400 Income tax paid, net of recoveries (3,253) (2,423) Board of Directors' remuneration paid (100) (45) Net cash (used in) / from operating activities (30,741) 36,932 Cash flows from investing activities Net movement in non trading investment securities and investment in associates (2,951) 3,574 Purchase of investment properties (8) (10) Sale of investment properties 1,170 312 Purchase of property and equipment, net of disposals (292) (239) Net cash (used in) / from investing activities (2,081) 3,637 Cash flows from financing activities Net movement of commercial paper 7,720 14,118 Dividend paid (8,841) (8,307) Issue of term borrowings 19 25,000 13,140 Repayment of term borrowings 19 (13,200) (8,016) Repayment of tier 1 capital 22 (2,755) - Issuance of subordinated notes 2,755 - Interest on Tier 1 capital notes 22 (667) (617) Net cash from financing activities 10,012 10,318 Net (decrease) / increase in cash and cash equivalents (22,810) 50,887 Foreign currency translation adjustment (870) 1,816 Cash and cash equivalents at 1 January 28 291,324 235,828 Cash and cash equivalents 28 267,644 288,531 The accompanying notes forms an integral part of these condensed consolidated interim financial information. The independent auditor’s report on the review of the condensed consolidated interim financial information is set out on page 2 to 3. Refer note 34 for changes to comparative figures.
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9 of 37 Notes to the condensed consolidated interim financial information 1 Legal status and principal activities First Abu Dhabi Bank PJSC (the “Bank”) is a public joint stock company with a limited liability incorporated in the emirate of Abu Dhabi, United Arab Emirates (UAE) under the Commercial Companies Law (Federal Law Number 8 of 1984 as amended). The registered address of the Bank is P. O. Box 6316, FAB Building, Khalifa Business Park, Al Qurum, Abu Dhabi, United Arab Emirates. These condensed consolidated interim financial information as at and for the period ended 30 September 2026, comprise the Bank and its subsidiaries (together referred to as the “Group”). The Group is primarily engaged in corporate, consumer, private and investment banking activities, payment services, management services, Islamic banking activities and real estate activities; and carries out its operations through its local and overseas branches, subsidiaries and representative offices located in the United Arab Emirates, Bahrain, Brazil, Cayman Islands, China, Egypt, France, Hong Kong, India, Indonesia, Iraq, Jordan1, Kingdom of Saudi Arabia, Kuwait, Lebanon1, Libya, Malaysia, Nigeria, Oman, Qatar2, Singapore, South Korea, Switzerland, Turkey, United Kingdom and United States of America. The Group’s Islamic banking activities are conducted in accordance with Islamic Sharia’a rules and principles as interpreted by the Internal Shariah Supervision Committee (“ISSC”) in accordance with the resolutions issued by the Higher Shariah Authority (“HSA”). The Bank is listed on the Abu Dhabi Securities Exchange (Ticker: FAB). The consolidated financial statements of the Group as at and for the year ended 31 December 2025 are available upon request from the Group’s registered office or at website (http://www.bankfab.com). 1 Under closure. 2The Bank has notified the Qatar Financial Centre Regulatory Authority (“QFCRA”) that it will relinquish its Qatar Financial Centre (“QFC”) branch license and permanently close its QFC branch. 2 Statement of compliance These condensed consolidated interim financial information have been prepared on a going concern basis as management is satis fied that the Group has adequate resources to continue as a going concern for the foreseeable future, in accordance with IAS 34 Interim Financial Reporting and the requirements of applicable laws in the UAE. They do not include all the information required for the complete set of annual consolidated financial statements as required under IFRS Accounting Standards . These condensed consolidated interim financial information should be read in conjunction with the consolidated financial statements of the Group as at and for the year ended 31 December 2025. In addition, results for the period from 1 January 2026 to 30 September 2026 are not necessarily indicative of the results that may be expected for the financial year ending 31 December 2026. The Bank is in compliance with applicable provisions of the UAE Companies Law No. 32 of 2021, as amended and the UAE Federal Decree- Law No. 6 of 2025 as at the date of these condensed consolidated interim financial information. These condensed consolidated interim financial information were approved by the Board of Directors and authorised for issue on 28 October 2026. 3 Basis of preparation (a) Basis of measurement This condensed consolidated interim financial information is prepared under the historical cost basis except for the following items, which are measured on the following basis: Items Measurement basis Investments at fair value through profit or loss (“FVTPL”) Fair value Derivative financial instruments Fair value Debt and equity instruments designated at fair value through other comprehensive income (“FVOCI”) Fair value Investment properties Fair value Recognised assets and liabilities designated as hedged items in qualifying hedge relationships Adjusted for changes in fair value attributable to the risk being hedged Non financial assets acquired in settlement of Loans, advances and Islamic financing Lower of fair value less costs to sell and the carrying amount of the loans, advances and Islamic financing Investment in associates Equity accounting except where venture capital organisation exemption has been elected
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10 of 37 Notes to the condensed consolidated interim financial information 3 Basis of preparation (continued) (b) Functional and presentation currency These condensed consolidated interim financial information are presented in United Arab Emirates Dirhams (“AED”), which is the Bank’s presentation currency. The presentation of the condensed consolidated interim financial information have been rounded to the nearest millions, unless otherwise indicated. Items included in the financial statements of each of the Group’s overseas subsidiaries and branches are measured using the currency of the primary economic environment in which they operate. 4 Material accounting policy information The accounting policies and risk management framework applied by the Group in these condensed consolidated interim financial information are the same as those applied by the Group in its consolidated financial statements as at and for the year ended 31 December 2025, except the adoption of the following new standards / amendments as of 1 January 2026. New and amended standards and interpretations adopted The following amendments to existing standards and framework have been applied by the Group in preparation of these condensed consolidated interim financial information. The adoption of the amended standards below did not result in changes to previously reported net profit or equity of the Group. Description Effective from Amendment to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments 1 January 2026 Amendment to IFRS 9 and IFRS 7 - Contracts Referencing Nature-dependent Electricity 1 January 2026 Annual improvements to IFRS Accounting Standards – Volume 11 1 January 2026 Standards issued but not yet effective The following new standards and amendments to the existing standards are applicable to annual reporting periods beginning on or after 1 January 2027 and early application is permitted. The Group is currently evaluating the impact of the new standards and amendments to the existing standards and expects to adopt them on the effective date. Description Effective from IFRS 18 Presentation and disclosure in financial statements - This new standard contains requirements for all entities applying IFRS for the presentation and disclosure of information in financial statements. 1 January 2027 Amendment to IAS 21 - Translation to a Hyperinflationary Presentation Currency 1 January 2027 IFRS 19 Subsidiaries without Public Accountability: Disclosures – This new standard permits eligible subsidiaries to use IFRS Accounting Standards with reduced disclosures. 1 January 2027 IAS 28 Fair value option for Investments in associates and Joint ventures 1 January 2027 IFRS 20 Regulatory assets and liabilities 1 January 2029 5 Basis of consolidation Subsidiaries (including special purpose entities) are entities that are controlled by the Group. The Group controls the investee if it meets the control criteria. The Group reassesses whether it has control if, there are changes to one or more of the elements of con trol. This includes circumstances in wh ich protective rights held become substantive and lead to the Group having power over an investee. The financial statements of subsidiaries (including special purpose entities) are included in these condensed consolidated interim financial information from the date that control commences until the date that control ceases. Profit or loss and each component of other comprehensive income (“OCI”) are attributed to the equity holders of the Bank and to the non -controlling interests (“NCI”), even if this results in the NCI having a deficit balance.
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11 of 37 Notes to the condensed consolidated interim financial information 5 Basis of consolidation (continued) The condensed consolidated interim financial information comprises the financial information of the Bank and those of its following subsidiaries (including special purpose entities): Legal Name Country of Incorporation Principal activities As at 30 Sep 2026 As at 31 Dec 2025 First Abu Dhabi Bank USA N.V. Curacao Banking 100% 100% First Abu Dhabi Bank Securities - Sole Proprietorship LLC United Arab Emirates Brokerage 100% 100% Abu Dhabi National Leasing LLC United Arab Emirates Leasing 100% 100% FAB Private Bank (Suisse) SA Switzerland Banking 100% 100% First Abu Dhabi Islamic Finance PJSC United Arab Emirates Islamic Finance 100% 100% Abu Dhabi Securities Brokerage Egypt1 Egypt Brokerage 96% 96% National Bank of Abu Dhabi Representações Ltda Brazil Banking 100% 100% FAB Global Markets (Cayman) Limited Cayman Islands Financial Institution 100% 100% Nawat Management Services - Sole Proprietorship LLC United Arab Emirates Services 100% 100% Mismak Properties - Sole Proprietorship LLC (“Mismak”) United Arab Emirates Real estate investments 100% 100% Shangri La Dubai Hotel LLC4 United Arab Emirates Real estate investments - 100% First Merchant International LLC (“FMI”) United Arab Emirates Real estate investments 100% 100% FAB Employment Services LLC United Arab Emirates Resourcing services 100% 100% FAB Resourcing Services LLC United Arab Emirates Resourcing services 100% 100% Horizon Gulf Electromechanical Services LLC (“Horizon”) United Arab Emirates Real estate related services 100% 100% Horizon Gulf General Contracting LLC United Arab Emirates Real estate related services 100% 100% PDCS Engineering LLC United Arab Emirates Real estate related services 100% 100% Horizon Gulf Oil and Gas Services LLC United Arab Emirates Real estate related services 100% 100% FAB Sukuk Company Limited3 Cayman Islands Special purpose entity - - First Gulf Libyan Bank2 Libya Banking services 50% 50% First Gulf Information Technology LLC (“FGIT”) United Arab Emirates IT Services 100% 100% FAB Global Business Services Limited India IT Services 100% 100% FAB Capital Financial Company (A Saudi Closed Joint Stock Company) Kingdom of Saudi Arabia Financial Institution 100% 100% First Abu Dhabi Bank Misr S.A.E (“FAB Misr”) Egypt Banking 100% 100% FAB Invest SPV RSC Limited United Arab Emirates Special purpose entity 100% 100% 1968A SPV RSC Limited United Arab Emirates Special purpose entity 100% 100% 1968B SPV RSC Limited United Arab Emirates Special purpose entity 100% 100% 1968C SPV RSC Limited United Arab Emirates Special purpose entity 100% 100% 1968D SPV RSC Limited United Arab Emirates Special purpose entity 100% 100% Lime Consumer Finance Egypt Financial services 100% 100% Ocean View Hotel LLC - S.P.C United Arab Emirates Real estate related services 100% 100% FAB Asset Management Limited United Arab Emirates Financial services 100% 100% 1968E SPV RSC Limited United Arab Emirates Special purpose entity 100% - 1 Under liquidation. 2 Although the Bank owns 50% of the outstanding shares of First Gulf Libyan Bank, the investment has been classified as a subsidiary as the Bank exercises control over the investee because it casts the majority of the votes on the Board of Directors. 3 FAB Sukuk Company’s entire issued share capital is held by Maple FS Limited on trust for charitable purposes. 4 On 27 February 2026, the Group entered into an agreement to sell its wholly owned subsidiary, Shangri-La Dubai Hotel L.L.C., for a consideration of AED 1.1 billion. The transaction has been completed during the period ended 30 September 2026 and, upon transfer of control to the buyer, the subsidiary has been deconsolidated from the Group’s condensed consolidated interim financial information.
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12 of 37 Notes to the condensed consolidated interim financial information 6 Use of estimates and judgements The preparation of condensed consolidated interim financial information requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates. In preparing these condensed consolidated interim financial information, management has applied certain additional assumptions in measuring Expected Credit Loss ( “ECL”). The inputs, assumptions and estimation techniques used in the measurement of ECL are described in the note below. Except for these matters, the other significant judgements made by management in applying the Group’s accounting policies, methods of computation and the key sources of estimation and uncertainty were the same as those that were applied to the consolidated financial statements as at and for the year ended 31 December 2025. Estimates and underlying assumptions are reviewed on an ongoing basis and are based on historical experiences and other facto rs, including expectation of future events that may have a financial impact on the Group and considered to be reasonable under th e circumstances. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. Impact of macro-economic conditions and CBUAE Financial Institution Resilience Package Background and regulatory measures On 28 February 2026 escalating geopolitical tensions across the broader Middle East region resulted in disruptions to certain business and economic activities. These developments remain ongoing and increased volatility in the overall economic environment, although some stabilization has been observed during the period, following de-escalation activities. In response to these developments and to safeguard financial stability, the Central Bank of the UAE (“CBUAE”) introduced a comprehensive Financial Institution Resilience Package (“the Resilience Package”) on 17 March 2026. During Q3 2026, the CBUAE issued version 3.0 of the standards, effective from 1 October 2026 until 15 January 2027, extending the relief measures. The Resilience Package is designed to pre-empt the temporary impact of the current conditions on the UAE’s banking sector and broader economy. The Package continues to comprise monetary policy measures, liquidity and funding relief, capital relief, credit risk management guidance and expectations regarding support measures provided by banks. The below financial information has been provided to highlight significant judgements, estimation uncertainty and risk management considerations arising from the current environment, and the actions taken by management to estimate the implications of these measures on the Group’s financial position, performance, and risk profile as at and for the period ended 30 September 2026. Credit risk management and expected credit losses The IFRS 9 Steering Committee, which reports to the Group Risk Committee, is primarily responsible for overseeing the Group’s ECL Models and calculations. This committee is now also closely monitoring the impact of the Resilience Package on the Group’s credit portfolio and ECL estimates. Consistent with IFRS 9 and the CBUAE Credit Risk Management Standards (‘’CRMS’’), the Group continues to assess Significant Increase in Credit Risk (“SICR”), staging, and default based on reasonable and supportable information available without undue cost or effort. In accordance with the Resilience Package, the Group continues to identify and assess borrowers impacted by the current circumstances separately from those experiencing credit deterioration unrelated to these conditions. During the period, relief measures permitted certain restructuring and staging flexibilities for borrowers affected by the circumstances. The regulatory relief arises primarily through the classification of eligible restructurings as non -distressed restructuring under the Resilience Package, rather than through any suspension of SICR, staging or default assessments. • For wholesale and corporate customers, impacted by the current environment, restructuring and payment deferrals initiated until 30 September 2026 and meeting CBUAE criteria have been classified as non distressed restructuring, where applicable. Provided the borrower was not distressed prior to 28 February 2026, the restructuring process is short term and fully documented, and borrower viability is demonstrated. Such non distressed restructurings remain classified as Stage 1, subject to CRMS criteria. Other distressed restructuring cases continue to be assessed in accordance with existing CRMS principles and IFRS 9. Non distressed restructurings with moratoria of less than six months and without bullet repayments have generally not resulted in automatic migration to Stage 2, provided there was no evidence of pre-existing credit deterioration.
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13 of 37 Notes to the condensed consolidated interim financial information 6 Use of estimates and judgements (continued) Impact of macro-economic conditions and CBUAE Financial Institution Resilience Package (continued) Credit risk management and expected credit losses (continued) • For retail and SME customers, impacted customer groups have been identified based on relevant risk drivers. Where appropriate, temporary risk parameter overrides have been applied to avoid mechanical migration to Stage 2 or Stage 3, with staging and probability of default remaining unchanged from 28 February 2026, unless credit deterioration was already evident or is unrelated to the current circumstances. Early restructuring and payment deferrals that meet regulatory conditions are classified as non distressed restructuring, and interest and fee waivers have been granted to vulnerable customers where applicable. All credit risk relief measures are temporary in nature . In line with the Resilience Package, Bank continues to proactively engage with customers and provide payment deferrals when deemed appropriate. The flexibility in the categorisation of restructuring and staging of clients continues to apply, however, this flexibility is compensated for by additional provisions at the portfolio level. Macro-economic assumptions and overlays The Bank uses a range of macro -economic factors in ECL across the jurisdictions in which it operates . These are disclosed in the annual audited consolidated financial statements of the Group as at and for the year ended 31 December 2025. The Group continued to assess the impact of geopolitical developments and associated economic uncertainty through the application of macroeconomic scenarios and management overlays, where appropriate. During Q3 2026, the Group updated the forward -looking macro -economic scenarios, their probability weightings and the macro - economic variables. Consequently, the probability weightings applied to each scenario were re-aligned with those in effect as at 31 December 2025. In addition to the ECL charge on existing exposures, management has recorded an ECL overlay of AED 350 million for the nine -month period ended 30 September 2026, reflecting the uncertainty in credit risk arising from the ongoing regional conflict. This re flects management’s judgement on emerging risks that may not be fully captured under model framework across the corporate and retail portfolios. These overlays are reviewed by senior management and governance committees and are reflected within the reported impairment charge for the period. Liquidity risk management The Group's management of liquidity risk is disclosed in note 47 (b) to the annual audited consolidated financial statements of the Group as at and for the year ended 31 December 20 25. The impact of the extraordinary circumstances on liquidity and funding conditions continues to be monitored through the Group's established liquidity risk management and governance framework. In accordance with the CBUAE Financial Institution Resilience Package, banks are temporarily permitted to operate with a Liquidi ty Coverage Ratio ("LCR") and Net Stable Funding Ratio ("NSFR") below the regulatory minimum thresholds. These measures have been extended until 15 January 2027. As at 30 September 2026, the Group continues to maintain the liquidity and funding ratios at levels comfortably above the normal regulatory thresholds (pre-disruption and the Resilience Package), notwithstanding the reduction in minimum requirements under the Resilience Package and held sufficient high quality liquid assets to meet its obligations under stressed conditions. Capital management Under CBUAE Financial Institution Resilience Package, the Countercyclical Capital Buffer ("CCyB ") applicable to UAE private sector exposures remains reduced from 0.5% to 0%, and banks are permitted to utilise up to one percentage point of the Capital Conservation Buffer without supervisory consequences. The Group continues to operate with capital ratios above internal risk appetite levels and regulatory requirements, after considering the impact of the relief measures.
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14 of 37 Notes to the condensed consolidated interim financial information 6 Use of estimates and judgements (continued) Impact of macro-economic conditions and CBUAE Financial Institution Resilience Package (continued) Outlook Management continues to monitor geopolitical developments and their potential impact on economic activity, credit quality, li quidity and capital adequacy. The Group will continue to reassess credit risk classifications, restructuring arrangements, expected credit loss estimates, macroeconomic assumptions, collateral valuations and management overlays as economic conditions evolve and regulat ory guidance develops. The Group remains well positioned to support customers and maintain financial resilience throug h its strong capital position, prudent liquidity management and established risk governance framework. 7 Cash and balances with central banks (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Cash on hand 2,795 2,443 Central Bank of the UAE cash reserve deposits 68,835 7,386 other balances - 65,000 Balances with other central banks 181,175 193,804 Gross cash and balances with central banks 252,805 268,633 Less: expected credit loss (134) (136) Total cash and balances with central banks 252,671 268,497 As per the CBUAE regulations, the Bank is allowed to draw their balances held in the UAE reserve account, while ensuring that they meet the reserve requirements over a 14-day period. Balances with other central banks include mandatory reserves which are available for day-to-day operations under certain specified conditions. 8 Investments at fair value through profit or loss (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Investments in managed funds1 1 1 Investment in private equities / funds and other investments1,2 12,170 7,263 Investments in equities and certificates2 2,314 1,298 Debt securities2 67,437 65,545 Total investments at fair value through profit or loss 81,922 74,107 1The Group has assessed its investment in funds and concluded that it does not have significant influence over them. 2Included in the above are venture capital organisation investments, ESG related certificates and sukuk investments. As at 30 September 2026 sukuk investments amounted to AED 3,295 million (31 December 2025: AED 1,977 million).
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15 of 37 Notes to the condensed consolidated interim financial information 9 Reverse repurchase agreements The Group enters into reverse repurchase agreements in the normal course of business in which the third party transfers financial assets to the Group for short term financing. (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Reverse repurchase with banks and others 100,305 86,093 Reverse repurchase with central banks 3,996 3,306 Reverse repurchase with customers 2,604 4,664 Gross reverse repurchase agreements 106,905 94,063 Less: expected credit loss (44) (76) Total reverse repurchase agreements 106,861 93,987 At 30 September 2026, the fair value of financial assets accepted as collateral that the Group is permitted to sell or re -pledge in the absence of default is AED 116,616 million (31 December 2025: AED 107,623 million). At 30 September 2026, the fair value of financial assets accepted as collateral that have been sold or re-pledged was AED 28,703 million (31 December 2025: AED 19,875 million). These transactions are conducted under terms that are usual and customary to standard lending, and securities borrowing and lending activities. 10 Loans, advances and Islamic financing (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Gross loans, advances and Islamic financing 697,166 632,724 Less: interest in suspense (7,468) (7,043) Less: expected credit loss (10,806) (9,356) Net loans, advances and Islamic financing 678,892 616,325 (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million By counterparty: Government sector 100,946 101,363 Public sector 90,307 81,855 Banking sector 46,741 21,780 Corporate / private sector 357,440 334,016 Personal / retail sector 101,732 93,710 Gross loans, advances and Islamic financing 697,166 632,724 (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million By product: Overdrafts 31,862 26,011 Term loans 528,233 495,236 Trade related loans 99,213 73,824 Personal loans 29,424 29,670 Credit cards 6,104 5,752 Vehicle financing loans 2,330 2,231 Gross loans, advances and Islamic financing 697,166 632,724
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16 of 37 Notes to the condensed consolidated interim financial information 10 Loans, advances and Islamic financing (continued) (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Concentration by industry sector: Agriculture 3,866 4,985 Energy 59,556 50,750 Manufacturing 40,652 32,044 Construction 13,359 9,046 Real estate 109,039 101,120 Trading 22,836 25,718 Transport and communication 51,396 46,092 Banks 46,741 21,780 Other financial institutions 99,280 96,636 Services 47,763 49,480 Government 100,946 101,363 Personal – loans and credit cards 56,430 50,822 Personal - retail mortgage 45,302 42,888 Gross loans, advances and Islamic financing 697,166 632,724 Included in the above Loans, advances and Islamic financing are the following Islamic financing contracts: Islamic financing contracts (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Murabaha 39,619 34,477 Ijara 20,289 18,584 Others 1,428 715 Gross Islamic financing contracts 61,336 53,776 Less: suspended profit (216) (198) Less: expected credit loss (2,018) (1,679) Total Islamic financing contracts 59,102 51,899 11 Non trading investment securities (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Fair value through other comprehensive income (FVOCI): - with recycle to profit or loss (Debt investments securities) 169,587 177,886 - without recycle to profit or loss (Equity investments securities1) 7,963 6,484 Amortised cost securities 11,860 5,344 Gross non trading investment securities 189,410 189,714 Less: expected credit loss on amortised cost securities (6) (2) Total non trading investment securities 189,404 189,712 1Equity investments securities measured at FVOCI are strategic investments for long term purposes. During the previous year, certain investments were disposed of in line with the strategic initiatives of the Group.
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17 of 37 Notes to the condensed consolidated interim financial information 11 Non trading investment securities (continued) An analysis of non trading investments securities by class at the reporting date is shown below: (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Quoted Unquoted Total Quoted Unquoted Total Equity investment securities 7,944 19 7,963 6,265 219 6,484 Debt investment securities 180,173 1,274 181,447 181,892 1,338 183,230 Gross non trading investment securities 188,117 1,293 189,410 188,157 1,557 189,714 Less: expected credit loss on amortised cost securities (6) - (6) (2) - (2) Total non trading investment securities 188,111 1,293 189,404 188,155 1,557 189,712 Included in the above are sukuk investments as at 30 September 2026 amounting to AED 9,435 million (31 December 2025: AED 10,209 million). Debt investments securities under repurchase agreements included in non trading investment securities as at 30 September 2026 amounted to AED 22,226 million (31 December 2025: AED 33,538 million). As at 30 September 2026, the fair value of non trading investment securities measured at amortised cost amounted to AED 11,707 million (31 December 2025: AED 5,255 million). The provision for expected credit losses on financial instruments classified as FVOCI is recognised in profit or loss, with the corresponding amount reflected in the fair value reserve under equity. 12 Investment in associates The list of associates are as follows: Legal Name Country of incorporation Principal activities (unaudited) 30 Sep 2026 (audited) 31 Dec 2025 Neptune Project Holding 1 Limited (UAE)(“NPH1”) United Arab Emirates Payment services 34% 34% Midmak Properties LLC United Arab Emirates Real estate investments 16% 16% Emirates Digital Wallet LLC1 United Arab Emirates Payment services 24% 24% AEDC Stable Coin LLC United Arab Emirates Digital assets services 33% - AEDC Stable Coin Network and Distribution LLC United Arab Emirates Digital assets services 33% - Nebras Open Finance LLC United Arab Emirates Fintech services 15% 15% Global Climate Finance Centre Limited United Arab Emirates Climate finance 44% 44% 1 Under liquidation. (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Investment in associates 5,314 5,297 Total investment in associates* 5,314 5,297 *The underlying liabilities of the associates amount to less than 1% of the Group’s total liabilities.
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18 of 37 Notes to the condensed consolidated interim financial information 13 Investment properties (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Beginning of the period 7,934 8,169 Additions 8 593 Disposals and other movements (948) (981) Fair value adjustment 355 153 End of the period 7,349 7,934 The fair value of the investment properties is based on the valuations performed by third party valuers as at 31 December 2025 and all are level 3 under the fair value hierarchy. 14 Intangibles (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Goodwill 18,693 18,693 Customer relationships 1,778 1,778 Core deposits 704 704 License 369 369 Brand 22 22 Gross intangibles 21,566 21,566 Accumulated amortisation (1,971) (1,824) Total intangibles 19,595 19,742 15 Due to banks and financial institutions (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Banks and financial institutions 54,911 42,226 Central banks 83,288 95,575 Total due to banks and financial institutions 138,199 137,801 16 Repurchase agreements The Group enters into repurchase agreements in the normal course of business by which it transfers recognised financial assets directly to third parties. (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Banks and financial institutions 50,208 52,190 Total repurchase agreements 50,208 52,190 The carrying value that is also the fair value of financial assets collateralised as at 30 September 2026 amounted to AED 22,226 million (31 December 202 5: AED 33,538 million) and their associated financial liabilities amounted to AED 50,208 million (31 December 2025: AED 52,190 million). The net difference between the fair value of the financial assets collateralised and the carrying value of the repurchase agreement is AED 27,982 million (31 December 2025: AED 18,652 million) which represents pledged financial assets received as collateral against reverse repurchase agreements or through security borrowing arrangement from custodian. 17 Commercial paper The Bank has a Euro Commercial Paper programme with a limit of USD 3.5 billion and a US Dollar Commercial Paper programme wit h a limit of USD 10 billion. The notes outstanding as at 30 September 2026 amounted to AED 37,659 million (31 December 2025: AED 29,939 million) and have maturity period of less than 12 months. The Group has not had any defaults of principal, interest or other breaches with respect to its commercial paper programs during the period ended 30 September 2026 and year ended 31 December 2025.
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19 of 37 Notes to the condensed consolidated interim financial information 18 Customer accounts and other deposits (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million By account: Current accounts 335,602 343,393 Savings accounts 51,644 48,313 Margin accounts 4,295 4,258 Notice and time deposits 469,676 408,925 861,217 804,889 Certificates of deposit 23,719 35,884 Total customer accounts and other deposits 884,936 840,773 (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million By counterparty: Government sector 130,692 140,935 Public sector 161,238 117,159 Corporate / private sector 416,958 404,012 Personal / retail sector 152,329 142,783 861,217 804,889 Certificates of deposit 23,719 35,884 Total customer accounts and other deposits 884,936 840,773 Included in the above customer accounts and other deposits are the following Islamic customer deposits: (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Wakala deposits 18,401 12,016 Mudaraba saving deposits 10,763 8,230 Current account 3,957 3,483 Murabaha deposits 477 929 Margin deposits 99 82 Mudaraba term deposits 54 50 Total Islamic customer deposits 33,751 24,790 19 Term borrowings (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Amortised cost 83,091 74,189 Fair value through profit or loss 1,117 1,119 Total term borrowings 84,208 75,308 During the period, the Bank has issued various fixed and floating rate notes. The movement of term borrowings during the peri od is below: (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Beginning of the period 75,308 64,788 New issuances 25,000 19,053 Repayments (13,200) (10,815) Fair valuations, exchange movements and other adjustments (2,900) 2,282 End of the period 84,208 75,308
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20 of 37 Notes to the condensed consolidated interim financial information 19 Term borrowings (continued) 30 Sep 2026 (unaudited) 31 Dec 2025 (audited) Up to 3 months 1 to 3 3 to 5 Over 5 Up to 3 months 1 to 3 3 to 5 Over 5 3 months to 1 year years years years Total 3 months to 1 year years years years Total Currency Interest (range) AED million AED million AED million AED million AED million AED million AED million AED Million AED million AED million AED million AED million USD Fixed rate of up to 5.74% p.a. 182 1,811 14,777 13,174 8,475 38,419 2,400 218 10,765 11,316 9,756 34,455 USD USD SOFR QRT OB SHIFT -5BD + up to 4.401% p.a. - 2,711 8,910 15,768 - 27,389 1,249 213 3,870 13,804 312 19,448 EUR Fixed rate of up to 3.53% p.a. - 2,062 58 6,449 161 8,730 3,226 - 2,116 62 3,847 9,251 GBP Fixed rate of up to 4.696% p.a. 20 - 450 2,213 - 2,683 - 1,207 - 90 124 1,421 CHF Fixed rate of up to 0.167% p.a. 881 1,141 654 - - 2,676 - 1,852 1,877 - - 3,729 HKD Fixed rate of up to 3.94% p.a. - 511 313 747 - 1,571 77 182 733 185 586 1,763 CNH Fixed rate of up to 3.80% p.a. - 262 143 1,089 - 1,494 1,182 241 390 435 79 2,327 SGD Fixed rate of 2% p.a. - - 430 - - 430 - - 429 - - 429 JPY Fixed rate of up to 2.60% p.a. - - - 366 - 366 - 232 - - - 232 AUD Fixed rate of 1.87% p.a. 166 - - - - 166 - 156 - - - 156 EGP1 Fixed rate of up to 26.10% p.a. 18 96 - - - 114 - 196 - - - 196 AUD 3M AUD BBSW + up to 4.367% p.a. - - 77 - - 77 - 373 - 74 - 447 NZD Fixed rate of 5.5% p.a. - - 73 - - 73 - - 77 - - 77 MXN Fixed rate of 0.50% p.a. - - 15 - - 15 - 14 - - 14 AED Fixed rate of up to 4.93% p.a. - - 3 - - 3 - 1,354 4 - - 1,358 TRY1 Fixed rate of up to 37.25% p.a. - 2 - - - 2 5 - - - - 5 Total term borrowings 1,267 8,596 25,903 39,806 8,636 84,208 8,139 6,224 20,275 25,966 14,704 75,308 Included in the above are sukuk borrowings as at 30 September 2026 amounting to AED 12,861 million (31 December 2025 14,274 million). 1 These are structured notes issued in denominated currencies, with returns economically linked to multiple market drivers.
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21 of 37 Notes to the condensed consolidated interim financial information 20 Subordinated notes Date of issue Currency Interest rate Maturity date (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million 10 December 2012 MYR Fixed rate of 4.75% p.a. 9 December 2027 447 445 4 October 2023 USD Fixed rate of 6.32% p.a. until 4 April 2029 and if not called, then from 4 April 2029 to the maturity date, the prevailing 5-Year US Treasury rate + 1.70% p.a. 4 April 2034 3,646 3,773 16 July 2024 USD Fixed rate of 5.804% p.a. until 16 January 2030 and if not called, then from 16 January 2030 to the maturity date, the prevailing 5-Year US Treasury rate + 1.55% p.a. 16 January 2035 2,687 2,799 30 June 2026 USD Fixed rate of 5.701% p.a. until 30 December 2031 and if not called, then from 30 December 2031 to the maturity date, the prevailing 5- Year US Treasury rate + 1.40% p.a. 30 December 2036 2,666 - Total subordinated notes 9,446 7,017 The Bank has hedged the interest rate and foreign currency exposure on the subordinated notes. The Bank has not had any defaults of principal, interest, or other breaches with respect to its subordinated notes during the period ended 30 September 2026 and year ended 31 December 2025. 21 Capital and reserves Share capital (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Authorised share capital (Ordinary shares of AED 1 each) 11,048 11,048 Dividends At the Annual General Meeting (AGM) held on 11 March 2026, the shareholders of the Bank approved a cash dividend of AED 0.80 per ordinary share amounting to AED 8,838 million (31 December 2024: cash dividend of AED 0. 75 per ordinary share amounting to AED 8,286 million). Other reserves Other reserves include the following: Fair value reserve General reserve Foreign currency translation reserve Impairment reserve – collective Total AED million AED million AED million AED million AED million As at 1 January 2026 154 278 (4,563) 4,295 164 Other comprehensive loss for the period (3,242) - (533) - (3,775) Impairment reserve movement - - - 85 85 Realised gain on sale of FVOCI Investment (80) - - - (80) As at 30 September 2026 (3,168) 278 (5,096) 4,380 (3,606) As at 1 January 2025 (2,299) 278 (4,844) 2,868 (3,997) Other comprehensive gain for the period 26 - 375 - 401 Impairment reserve movement - - - 1,309 1,309 Realised gain on sale of FVOCI Investment (62) - - - (62) As at 30 September 2025 (2,335) 278 (4,469) 4,177 (2,349)
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22 of 37 Notes to the condensed consolidated interim financial information 22 Tier 1 capital notes Issuance Currency Interest rate (unaudited) 30 Sep 2026 AED million (audited) 31 Dec 2025 AED million Government of Abu Dhabi Tier 1 capital notes AED Floating interest of 6-month EIBOR plus 2.3% p.a. 8,000 8,000 USD 750 million Tier 1 capital notes1 USD Fixed rate of 4.50% p.a., thereafter, reset on the first date and every sixth anniversary ; thereafter on the basis of the aggregate of the margin and the relevant six year reset on the relevant U.S. Securities determination date - 2,755 USD 1 billion Tier 1 capital notes USD Fixed rate of 5.875% p.a., thereafter, reset on the first date and every sixth anniversary; thereafter on the basis of the aggregate of the margin and the relevant six year reset on the relevant U.S. Securities determination date 3,673 3,673 Total Tier 1 capital notes 11,673 14,428 1On 05 April 2026, the Bank redeemed the USD 750 million Tier 1 capital notes, at their Early Redemption Amount, in accordance with condition 9.1(b) of the Capital Securities. Tier 1 capital notes are perpetual, subordinated, unsecured and carry coupons to be paid semi -annually in arrears. The Bank may elect not to pay a coupon at its own discretion. The note holder does not have a right to claim the coupon and an election by th e Bank not to service coupon is not considered an event of default. In addition, there are certain circumstances under which the Bank is pr ohibited from making a coupon payment on a relevant coupon payment date. If the Bank makes a non payment election or a non payment event occurs, then the Bank will not (a) declare or pay any distribution or dividend or (b) redeem, purchase, cancel, reduce or otherwise acquire any of the share capital or any securities of the Bank ranking pari passu with or junior to the notes except securities, the term of which stipulate a mandatory redemption or conversion into equity, in each case unless or until two consecutive coupon payments have been paid in full. During the period, the coupon payment election was made by the Bank amounting to AED 667 million (30 September 2025: AED 617 million). 23 Net foreign exchange loss (unaudited) (unaudited) (unaudited) (unaudited) Nine month period ended Nine month period ended Three month period ended Three month period ended 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 AED million AED million AED million AED million Trading and retranslation loss on foreign exchange and related derivatives1 (2,890) (2,381) (1,836) (916) Dealings with customers 1,281 1,389 440 486 Total net foreign exchange loss (1,609) (992) (1,396) (430) 1Due to effective hedging strategies, the impact of hedging instruments is reflected in the net gain on investments and derivatives (note 24). 24 Net gain on investments and derivatives (unaudited) (unaudited) (unaudited) (unaudited) Nine month period ended Nine month period ended Three month period ended Three month period ended 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 AED million AED million AED million AED million Net realised and unrealised gain on investments at fair value through profit or loss and derivatives 9,518 7,925 4,977 2,575 Net (loss) / gain on sale of non trading investment securities (395) 514 (443) 538 Dividend and other income / (loss) 186 190 (13) 26 Total net gain on investments and derivatives 9,309 8,629 4,521 3,139
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23 of 37 Notes to the condensed consolidated interim financial information 25 General, administration and other operating expenses (unaudited) (unaudited) (unaudited) (unaudited) Nine month period ended Nine month period ended Three month period ended Three month period ended 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 AED million AED million AED million AED million Staff costs 3,306 3,109 1,100 1,071 Information technology expenses 1,310 1,137 465 395 Depreciation 436 552 144 190 Professional fees 436 379 151 102 Communication expenses 173 163 60 55 Amortisation of intangibles 161 168 50 57 Premises expenses 150 151 55 51 Publicity and advertisement 108 113 32 36 Sponsorships and donations 95 87 30 34 Other general and administration expenses 224 214 61 84 Total general, administration and other operating expenses 6,399 6,073 2,148 2,075 26 Net impairment charge (unaudited) (unaudited) (unaudited) (unaudited) Nine month period ended Nine month period ended Three month period ended Three month period ended 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 AED million AED million AED million AED million Impairment charge / (reversal) on loans, advances and Islamic financing 2,986 2,564 688 1,015 other financial assets 48 (39) 63 (90) unfunded exposures 354 16 363 (4) Recoveries (335) (247) (80) (87) Write off of impaired financial assets 47 32 16 16 Total net impairment charge 3,100 2,326 1,050 850 27 Earnings per share Earnings per share is calculated by dividing the net profit for the period after deduction of Tier 1 capital notes payment by the weighted average number of ordinary shares outstanding during the period as set out below: (unaudited) (unaudited) (unaudited) (unaudited) Nine month period ended Nine month period ended Three month period ended Three month period ended 30 Sep 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 Basic earnings per share: Net profit for the period (AED million) 16,461 16,019 5,735 5,387 Less: payment on Tier 1 capital notes (AED million) (667) (617) (239) (270) Net profit after payment of Tier 1 capital notes (AED million) 15,794 15,402 5,496 5,117 Weighted average number of ordinary shares: Weighted average number of ordinary shares (million) 11,048 11,048 11,048 11,048 Basic and diluted earnings per share (AED) 1.43 1.39 0.50 0.46
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24 of 37 Notes to the condensed consolidated interim financial information 28 Cash and cash equivalents (unaudited) (audited) 30 Sep 2026 31 Dec 2025 AED million AED million Cash and balances with central banks 252,805 268,633 Due from banks and financial institutions 25,675 25,662 278,480 294,295 Less: balances with central banks maturing after three months of placement (7,863) (24) Less: due from banks and financial institutions maturing after three months of placement (1,724) (1,567) Less: restricted deposits with central banks for regulatory purposes (1,249) (1,380) Total cash and cash equivalents 267,644 291,324 Cash and cash equivalents include notes and coins on hand, unrestricted balances held with central banks and highly liquid financial assets with original maturities of three months or less from the date of its acquisition. 29 Commitments and contingencies The Group, in the ordinary course of business, enters into various types of transactions that involve undertaking certain com mitments such as letters of credit, guarantees and undrawn loan commitments. There were no other significant changes in contingent liabilities and commitments during the period other than those arising out of normal course of business. (unaudited) (audited) 30 Sep 2026 31 Dec 2025 AED million AED million Letter of credit 67,046 58,542 Guarantees 179,669 165,287 Trade contingencies 246,715 223,829 Undrawn commitment to extend credit 126,096 128,180 Commitments for future private equity investments 4,983 2,304 Total commitments 131,079 130,484 Total commitments and contingencies 377,794 354,313
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25 of 37 Notes to the condensed consolidated interim financial information 30 Segmental information Operating segments are identified on the basis of internal reports about the components of the Group that are regularly reviewed by the Group’s CEO (the Group’s Chief Operating Decision Maker) in order to allocate resources to the segment and to assess its performance. During the previous year, the Group reorganised its operating segments in line with its customer centric strategy, resulting in changes to the composition and reporting of the Bank’s operating segments. The Group’s operating structure consists of four key operating segments across geographic regions, driving strategy, customer value propositions, product and channel development, and customer relationships, while supporting the Group’s financial performance. The Chief Operating Decision Maker now reviews the performance of the Bank based on the new segment structure. Business segments Investment Banking & Markets (“IB&M”) IB&M provides institutional and public sector clients with a broad range of banking and financing solutions including corpora te & Islamic finance, capital markets, trade, liquidity, cash management services and global markets products. It also encompasses market making, risk management and investment management activities for the Group. Wholesale Banking (“WB”) WB serves large and medium sized corporates with a broad range of banking and financing solution s including corporate & Islamic finance, capital markets, trade, liquidity, cash management services and global markets products. Personal, Business, Wealth, and Privileged Client Banking Group (“PBW&PCBG”) PBW&PCBG serves a diverse client base including affluent, high and ultra high net worth individuals, privileged clients and family offices, as well as small to medium sized businesses. The division offers retail banking, private banking and tailored investment and advisory solutions, leveraging advanced AI & digital capabilities along with distribution and sales channels to deliver seamless experience across the entire customer journey. Head Office (“HO”) HO includes the Group’s support functions and the share of results of associates and certain subsidiaries partially or fully owned by the Group providing banking services and other complementary offerings. These include FAB Misr, First Gulf Libya, Mismak, Abu Dhabi National Properties and legacy portfolios. Geographic information The Group manages its various business segments through a network of branches, subsidiaries and representative offices within the two defined geographic segments, which are UAE and International. Balance sheet and income statement presented within this section are principally the location from which a client relationship exists and is managed, which may differ from where it is financially booked.
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26 of 37 Notes to the condensed consolidated interim financial information 30 Segmental information (continued) For the period ended 30 September 2025 (unaudited) Net interest income and income from Islamic financing and investing products 4,214 2,863 6,805 1,400 15,282 12,076 3,206 15,282 Net non interest income 4,788 1,684 2,801 3,096 12,369 10,531 1,838 12,369 Operating income 9,002 4,547 9,606 4,496 27,651 22,607 5,044 27,651 General, administration and other operating expenses (1,165) (915) (3,055) (938) (6,073) (4,599) (1,474) (6,073) Net impairment charge (45) (230) (590) (1,461) (2,326) (1,967) (359) (2,326) Profit before taxation 7,792 3,402 5,961 2,097 19,252 16,041 3,211 19,252 As at 31 December 2025 (audited) Segment assets 432,237 173,753 261,114 509,758 1,376,862 959,318 417,544 1,376,862 Segment liabilities 329,979 250,447 335,882 313,669 1,229,977 964,270 265,707 1,229,977 Business Segments Geographic information IB&M WB PBW&PCBG HO Total UAE International Total AED million AED million AED million AED million AED million AED million AED million AED million For the period ended 30 September 2026 (unaudited) Net interest income and income from Islamic financing and investing products 5,433 3,147 7,453 949 16,982 12,958 4,024 16,982 Net non interest income 3,894 1,993 2,543 4,302 12,732 10,156 2,576 12,732 Operating income 9,327 5,140 9,996 5,251 29,714 23,114 6,600 29,714 General, administration and other operating expenses (1,175) (929) (3,142) (1,153) (6,399) (4,740) (1,659) (6,399) Net impairment charge 11 (748) (900) (1,463) (3,100) (2,688) (412) (3,100) Profit before taxation 8,163 3,463 5,954 2,635 20,215 15,686 4,529 20,215 As at 30 September 2026 (unaudited) Segment assets 532,300 198,785 266,946 473,979 1,472,010 1,035,167 436,843 1,472,010 Segment liabilities 347,145 260,503 369,585 347,478 1,324,711 1,085,258 239,453 1,324,711
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27 of 37 Notes to the condensed consolidated interim financial information 31 Related parties Parties are considered to be related if one party has the ability to control the other party or exercise significant influenc e over the other party in making financial or operational decisions. Related parties comprise major shareholders, Board of Directors and key management personnel of the Group. Key management personnel comprise those executive committee members (“EXCO”) of the Group who are involved in the strategic planning and decision making of the Group. The terms of these transactions are approved by the Grou p’s management and are made on terms agreed by the Board of Directors or management. The Group operates in a market dominated by entities directly or indirectly controlled by the Government of Abu Dhabi through its government authorities, agencies, affiliations and other organizations, collectively referred to as government related entities. The Group has transactions with other government related entities and these transactions are conducted in the ordinary course of its business on terms agreed by the Board. Details of Board of Directors remuneration and key management personnel remuneration are as follows: (unaudited) (unaudited) 30 Sep 2026 30 Sep 2025 AED million AED million BOD remuneration paid during the period 100 45 Short term benefits 78 61 Long term benefits 2 5 Balances with related parties at the reporting date are shown below: Board of Directors Major shareholders Senior management Associates Total AED million AED million AED million AED million AED million As of 30 September 2026 (unaudited) Financial assets Investments at fair value through profit or loss - 16 - - 16 Reverse repurchase agreements - 344 - 71 415 Derivative financial instruments - 173 - 6 179 Loans, advances and Islamic financing 3,948 28,403 153 1,334 33,838 Non trading investment securities - 2,956 - - 2,956 Other assets 36 304 12 - 352 Financial liabilities Derivative financial instruments - 229 - 17 246 Customer accounts and other deposits 11,767 17,023 55 1,422 30,267 Other liabilities 209 195 - - 404 Contingent liabilities Derivatives - 13,269 - 2,130 15,399 Letter of credit 1 228 - - 229 Guarantees 169 1,150 - 1 1,320 For the period ended 30 September 2026 (unaudited) Interest income 106 1,127 5 58 1,296 Interest expense (257) (457) (1) (71) (786) Fee and commission income 8 82 - 27 117 Fee and commission expense - - - (11) (11) Net loss on investments and derivatives - (107) - (13) (120)
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28 of 37 Notes to the condensed consolidated interim financial information 31 Related parties (continued) Board of Directors Major shareholders Senior management Associates Total AED million AED million AED million AED million AED million As of 31 December 2025 (audited) Financial assets Investments at fair value through profit or loss - 136 - - 136 Due from banks and financial institutions - - - 3 3 Reverse purchase agreements - 75 - - 75 Derivative financial instruments - 210 - 6 216 Loans, advances and Islamic financing 3,819 33,166 160 1,291 38,436 Non trading investment securities - 3,713 - - 3,713 Other assets 48 428 9 7 492 Financial liabilities Derivative financial instruments - 152 - 13 165 Customer accounts and other deposits 10,774 11,733 66 1,532 24,105 Other liabilities 279 66 1 9 355 Contingent liabilities Derivatives - 12,320 - 2,220 14,540 Letter of credit 1 374 - - 375 Guarantees 173 1,444 - 1 1,618 For the period ended 30 September 2025 (unaudited) Interest income 130 1,281 5 39 1,455 Interest expense (269) (336) (1) (54) (660) Fee and commission income 16 103 - 3 122 Fee and commission expense - - - (112) (112) Net gain on investments and derivatives - 98 - 20 118 As at 30 September 2026, the ECL allowance held against related party balances amounted to AED 36 million (31 December 2025: AED 37 million).
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29 of 37 Notes to the condensed consolidated interim financial information 32 Financial risk management Credit risk Credit risk is the risk that a customer or counterparty to a financial asset fails to meet its contractual obligations and ca use the Group to incur a financial loss. It arises principally from the Group’s loans, advances and Islamic financing, due from banks and financial institutions, reverse repurchase agreements and non trading debt investments, derivative financial instruments and certain other financial assets. Credit quality analysis The following tables set out information about the credit quality of financial assets measured at amortised cost, and fair va lue through other comprehensive income (FVOCI) debt investments without considering collateral or other credit enhancement s. Unless specifically indicated, for financial assets, the amounts in the table represent gross carrying amounts. For loan commitments and financial guarantee contracts, the amounts in the table represent the amounts committed or guaranteed, respectively.
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30 of 37 Notes to the condensed consolidated interim financial information 32 Financial risk management (continued) Credit risk (continued) The Group measures its exposure to credit risk by reference to the gross carrying amount of financial assets less amounts offset, interest in suspense and impairment losses, if any. The carrying amount of financial assets represents the maximum credit exposure. As at 30 September 2026 (unaudited) Stage 1 Stage 2 Stage 3 Purchased or originated credit impaired4 Total Exposure Provision Exposure Provision Exposure Provision Exposure Provision Exposure Provision AED million AED million AED million AED million AED million AED million AED million AED million AED million AED million Balances with central banks 248,253 16 1,757 118 - - - - 250,010 134 Due from banks and financial institutions 23,912 5 1,763 42 - - - - 25,675 47 Reverse repurchase agreements 106,905 44 - - - - - - 106,905 44 Loans, advances and Islamic financing1 659,133 2,649 15,825 2,568 18,385 5,196 3,823 393 697,166 10,806 Non trading investment securities Amortised cost securities 11,860 6 - - - - - - 11,860 6 FVOCI debt securities2 169,525 173 - - 62 3 - - 169,587 176 Other assets3 25,518 202 12 - 122 77 - - 25,652 279 Unfunded exposures 367,763 501 2,441 60 2,605 1,019 2 - 372,811 1,580 1,612,869 3,596 21,798 2,788 21,174 6,295 3,825 393 1,659,666 13,072 1 The exposure represents gross loans, advances and Islamic financing, including suspended interest of AED 7,468 million primarily on Stage 3 and purchased or originated credit impaired assets (POCI). 2 The provision for expected credit losses on financial instruments classified as FVOCI is recognised in profit or loss, with the corresponding amount reflected in the fair value reserve under equity. 3 On certain assets included as part of other assets, ECL is computed based on simplified approach. 4The Group, from an internal credit quality point of view, considers AED 3,766 million as par to non performing loans, advances and Islamic financing.
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31 of 37 Notes to the condensed consolidated interim financial information 32 Financial risk management (continued) Credit risk (continued) 1 The exposure represents gross loans, advances and Islamic financing, including suspended interest of AED 7,043 million primarily on Stage 3 and purchased or originated credit impaired assets (POCI). 2 The provision for expected credit losses on financial instruments classified as FVOCI is recognised in profit or loss, with the corresponding amount reflected in the fair value reserve under equity. 3 On certain assets included as part of other assets, ECL is computed based on simplified approach. 4The Group, from an internal credit quality point of view, considers AED 3,569 million as par to non performing loans, advances and Islamic financing. As at 31 December 2025 (audited) Stage 1 Stage 2 Stage 3 Purchased or originated credit impaired4 Total Exposure Provision Exposure Provision Exposure Provision Exposure Provision Exposure Provision AED million AED million AED million AED million AED million AED million AED million AED million AED million AED million Balances with central banks 264,864 17 1,326 119 - - - - 266,190 136 Due from banks and financial institutions 23,495 5 2,168 44 - - - - 25,663 49 Reverse repurchase agreements 94,063 76 - - - - - - 94,063 76 Loans, advances and Islamic financing1 597,543 2,647 14,276 1,749 17,243 4,611 3,662 349 632,724 9,356 Non-trading investment securities Amortised cost securities 5,344 2 - - - - - - 5,344 2 FVOCI debt securities2 177,803 101 - - 83 3 - - 177,886 104 Other assets3 23,545 292 26 - 176 34 - - 23,747 326 Unfunded exposures 346,533 483 3,201 103 2,274 647 1 1 352,009 1,234 1,533,190 3,623 20,997 2,015 19,776 5,295 3,663 350 1,577,626 11,283
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32 of 37 Notes to the condensed consolidated interim financial information 32 Financial risk management (continued) Credit risk (continued) The movement of gross exposure is as follows: Loans, advances and Islamic financing (unaudited) Stage 1 Stage 2 Stage 3 POCI Total AED million AED million AED million AED million AED million Balance as at 1 January 2026 597,543 14,276 17,243 3,662 632,724 Transfers: Transfer from Stage 1 to Stage 2 (4,753) 4,753 - - - Transfer from Stage 1 to Stage 3 (2,159) - 2,159 - - Transfer from Stage 2 to Stage 1 1,046 (1,046) - - - Transfer from Stage 2 to Stage 3 - (1,022) 1,022 - - Transfer from Stage 3 to Stage 2 - 438 (438) - - Transfer from Stage 3 to Stage 1 43 - (43) - - (5,823) 3,123 2,700 - - Net amounts written off (22) (13) (1,476) (8) (1,519) Net non stage movements 67,435 (1,561) (82) 169 65,961 Balance as at 30 September 2026 659,133 15,825 18,385 3,823 697,166 Unfunded exposure (unaudited) Stage 1 Stage 2 Stage 3 POCI Total AED million AED million AED million AED million AED million Balance as at 1 January 2026 346,533 3,201 2,274 1 352,009 Transfers: Transfer from Stage 1 to Stage 2 (409) 409 - - - Transfer from Stage 1 to Stage 3 (36) - 36 - - Transfer from Stage 2 to Stage 1 286 (286) - - - Transfer from Stage 2 to Stage 3 - (1,003) 1,003 - - Transfer from Stage 3 to Stage 2 - 20 (20) - - (159) (860) 1,019 - - Net non stage movements 21,389 100 (688) 1 20,802 Balance as at 30 September 2026 367,763 2,441 2,605 2 372,811 Loans, advances and Islamic financing (audited) Stage 1 Stage 2 Stage 3 POCI Total AED million AED million AED million AED million AED million Balance as at 1 January 2025 513,581 10,528 22,677 3,727 550,513 Transfers: Transfer from Stage 1 to Stage 2 (8,576) 8,576 - - - Transfer from Stage 1 to Stage 3 (2,159) - 2,159 - - Transfer from Stage 2 to Stage 1 2,856 (2,856) - - - Transfer from Stage 2 to Stage 3 - (1,583) 1,583 - - Transfer from Stage 3 to Stage 2 - 734 (734) - - Transfer from Stage 3 to Stage 1 100 - (100) - - (7,779) 4,871 2,908 - - Net amounts written off (45) (382) (7,499) (93) (8,019) Net non stage movements 91,786 (741) (843) 28 90,230 Balance as at 31 December 2025 597,543 14,276 17,243 3,662 632,724
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33 of 37 Notes to the condensed consolidated interim financial information 32 Financial risk management (continued) Credit risk (continued) Unfunded exposure (audited) Stage 1 Stage 2 Stage 3 POCI Total AED million AED million AED million AED million AED million Balance as at 1 January 2025 250,775 3,842 2,294 1 256,912 Transfers: Transfer from Stage 1 to Stage 2 (890) 890 - - - Transfer from Stage 1 to Stage 3 (178) - 178 - - Transfer from Stage 2 to Stage 1 529 (529) - - - Transfer from Stage 2 to Stage 3 - (107) 107 - - Transfer from Stage 3 to Stage 2 - 16 (16) - - Transfer from Stage 3 to Stage 1 27 - (27) - - (512) 270 242 - - Net non stage movements 96,270 (911) (262) - 95,097 Balance as at 31 December 2025 346,533 3,201 2,274 1 352,009 There were no material movement between stages for other financial assets for the period ended 30 September 2026 and year ended 31 December 2025. Loss allowance The following tables show reconciliations from the opening to the closing balance of the loss allowance for financial assets. The basis for determining transfers due to changes in credit risk is set out in the Group’s accounting policy; refer note 6(a)(vii) of the consolidated financial statements for the year ended 31 December 2025. Loss allowance (unaudited) Stage 11 Stage 2 Stage 3 POCI Total AED million AED million AED million AED million AED million Balance as at 1 January 2026 3,623 2,015 5,295 350 11,283 Transfers: Transfer from Stage 1 to Stage 2 (917) 917 - - - Transfer from Stage 1 to Stage 3 (62) - 62 - - Transfer from Stage 2 to Stage 1 54 (54) - - - Transfer from Stage 2 to Stage 3 - (155) 155 - - Transfer from Stage 3 to Stage 2 - 129 (129) - - Transfer from Stage 3 to Stage 1 19 - (19) - - (906) 837 69 - - Impact of change in provision 947 (48) 2,433 56 3,388 Write offs and other adjustments (68) (16) (1,502) (13) (1,599) Balance as at 30 September 2026 3,596 2,788 6,295 393 13,072 Loss allowance (audited) Stage 11 Stage 2 Stage 3 POCI Total AED million AED million AED million AED million AED million Balance as at 1 January 2025 3,438 2,097 9,591 450 15,576 Transfers: Transfer from Stage 1 to Stage 2 (197) 197 - - - Transfer from Stage 1 to Stage 3 (136) - 136 - - Transfer from Stage 2 to Stage 1 104 (104) - - - Transfer from Stage 2 to Stage 3 - (298) 298 - - Transfer from Stage 3 to Stage 2 - 258 (258) - - Transfer from Stage 3 to Stage 1 52 - (52) - - (177) 53 124 - - Impact of change in provision 379 226 2,980 (32) 3,553 Write offs and other adjustments (17) (361) (7,400) (68) (7,846) Balance as at 31 December 2025 3,623 2,015 5,295 350 11,283 1On certain assets included as part of other assets, ECL is computed based on simplified approach. There were no material movement between stages for other financial assets for the period ended 30 September 2026 and year ended 31 December 2025.
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34 of 37 Notes to the condensed consolidated interim financial information 32 Financial risk management (continued) Credit risk (continued) The Group’s credit concentration by counterparty for Investments at fair value through profit or loss and non trading investment securities are disclosed below: Non trading investment securities Investments at fair value through profit or loss (unaudited) (audited) (unaudited) (audited) 30 Sep 2026 31 Dec 2025 30 Sep 2026 31 Dec 2025 AED million AED million AED million AED million Government sector 118,234 125,664 62,116 62,365 Supranational 279 1,119 102 44 Public sector 10,382 12,557 775 1,298 Banking sector 17,869 15,464 1,055 1,102 Corporate / private sector 42,646 34,910 17,874 9,298 189,410 189,714 81,922 74,107 Less: expected credit loss on amortised cost securities (6) (2) - - Total non trading investment securities and investments at fair value through profit or loss 189,404 189,712 81,922 74,107 The external ratings for trading and non trading investment securities are disclosed below: Non trading investment securities Investments at fair value through profit or loss (unaudited) (audited) (unaudited) (audited) 30 Sep 2026 31 Dec 2025 30 Sep 2026 31 Dec 2025 AED million AED million AED million AED million AAA 36,240 42,670 1,200 1,264 AA to A 110,308 110,431 21,055 29,159 BBB to B 24,628 26,112 41,166 31,418 CCC and below 132 338 3,406 3,422 Unrated 18,102 10,163 15,095 8,844 189,410 189,714 81,922 74,107 Less: expected credit loss on amortised cost securities (6) (2) - - Total non trading investment securities and investments at fair value through profit or loss 189,404 189,712 81,922 74,107 Unrated investments primarily consist of investments in private equities and investments in equities which do not carry credi t risk. Investments at fair value through profit or loss are neither past due nor impaired.
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35 of 37 Notes to the condensed consolidated interim financial information 33 Financial assets and liabilities Financial instruments measured at fair value - hierarchy The table below analyses financial instruments measured at fair value at the end of the reporting period, by the level of the fair value hierarchy: Level 1 Level 2 Level 3 Total AED million AED million AED million AED million As at 30 September 2026 (unaudited) Investment at fair value through profit or loss 45,459 25,429 11,034 81,922 FVOCI - with recycle to profit or loss 124,900 44,375 312 169,587 FVOCI - without recycle to profit or loss 7,941 - 22 7,963 Derivative financial instruments (assets) 1,963 67,327 - 69,290 180,263 137,131 11,368 328,762 Derivative financial instruments (liabilities) 768 80,516 64 81,348 Term borrowings - 581 536 1,117 768 81,097 600 82,465 Level 1 Level 2 Level 3 Total AED million AED million AED million AED million As at 31 December 2025 (audited) Investment at fair value through profit or loss 50,852 17,313 5,942 74,107 FVOCI - with recycle to profit or loss 151,380 25,386 1,120 177,886 FVOCI - without recycle to profit or loss 6,262 3 219 6,484 Derivative financial instruments (assets) 216 43,037 21 43,274 208,710 85,739 7,302 301,751 Derivative financial instruments (liabilities) 1,023 48,578 79 49,680 Term borrowings - 674 445 1,119 1,023 49,252 524 50,799
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36 of 37 Notes to the condensed consolidated interim financial information 33 Financial assets and liabilities (continued) Financial instruments measured at fair value - hierarchy (continued) The following table shows the transfer between the hierarchies: Investment at fair value through profit or loss (unaudited) Level 1 Level 2 Level 3 Total AED million AED million AED million AED million Balance as at 1 January 2026 50,852 17,313 5,942 74,107 Transfers: Transfer from level 2 to level 1 3,225 (3,225) - - 3,225 (3,225) - - Net non level movements (8,618) 11,341 5,092 7,815 Balance as at 30 September 2026 45,459 25,429 11,034 81,922 Non trading investment securities (unaudited) Level 1 Level 2 Level 3 Total AED million AED million AED million AED million Balance as at 1 January 2026 157,642 25,389 1,339 184,370 Transfers: Transfer from level 1 to level 2 (2,731) 2,731 - - Transfer from level 2 to level 1 1,262 (1,262) - - Transfer from level 2 to level 3 - (33) 33 - (1,469) 1,436 33 - Net non level movements (23,332) 17,550 (1,038) (6,820) Balance as at 30 September 2026 132,841 44,375 334 177,550 Investment at fair value through profit or loss (audited) Level 1 Level 2 Level 3 Total AED million AED million AED million AED million Balance as at 1 January 2025 12,980 38,678 4,370 56,028 Transfers: Transfer from level 2 to level 1 1,055 (1,055) - - 1,055 (1,055) - - Net non level movements 36,817 (20,310) 1,572 18,079 Balance as at 31 December 2025 50,852 17,313 5,942 74,107 Non trading investment securities (audited) Level 1 Level 2 Level 3 Total AED million AED million AED million AED million Balance as at 1 January 2025 146,005 35,410 2,002 183,417 Transfers: Transfer from level 1 to level 2 (112) 112 - - Transfer from level 2 to level 1 5,947 (5,947) - - Transfer from level 3 to level 2 - 263 (263) - 5,835 (5,572) (263) - Net non level movements 5,802 (4,449) (400) 953 Balance as at 31 December 2025 157,642 25,389 1,339 184,370 Management considers that the carrying amounts of financial assets and liabilities recognised in the condensed consolidated interim financial information do not materially differ from their fair values. The valuation techniques and inputs used in these condensed consolidated interim financial information is same as those prescribed in the Group’s consolidated financial statements as at and for the year ended 31 December 2025.
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37 of 37 Notes to the condensed consolidated interim financial information 34 Comparative figures Management has reassessed the presentation of certain transactions and balances in the condensed consolidated interim financi al information to enhance alignment with the presentation requirements of IFRS Accounting Standards. Accordingly, certain comparative figures have been re-presented as detailed below: (i) Statement of financial position and cash flows In prior periods, the clean fair value of derivative contracts was presented within derivative financial assets and liabilities, while the related accrued interest receivable and payable were presented separately within other assets and other liabilities. To better reflect the fair value presentation and economic substance of derivative contracts, the related accrued interest balances have been reclassified to derivative financial assets and derivative financial liabilities, and comparative figures have been re -presented accordingly. Accordingly, comparative figures for the year ended 31 December 2025, have been re-presented to conform with the current period presentation. As a result, as at 31 December 2025, derivative financial assets increased from AED 40,702 million to AED 43,274 million, der ivative financial liabilities increased from AED 48,548 million to AED 49,680 million, other assets decreased from AED 56,562 milli on to AED 26,988 million, and other liabilities decreased from AED 65,403 million to AED 37,269 million. Consequently, total assets decreased from AED 1,403,864 million to AED 1,376,862 million and total liabilities decreased from AED 1,256,979 million to AED 1,229,977 million. The reclassification also impacted the condensed consolidated interim statement of cash flows for the period ended 30 September 2025, increasing cash flows from other assets by AED 4,757 million, decreasing cash flows from other liabilities by AED 5,562 million and increasing cash flows from derivative financial instruments by AED 805 million. The reclassification relates solely to the classification of balances within the condensed consolidated interim statement of financial position and the related cash flow impact in condensed consolidated interim statement of cash flows and has no impact on the measurement of derivative financial instruments nor on the Group's condensed consolidated interim statement s of profit or loss, other comprehensive income and changes in equity for any period presented. (ii) Statement of profit of loss During the period, management also reassessed the presentation of gains and losses arising from the cost of hedge related to FX swap contracts used to hedge foreign currency financing exposures. Amounts previously presented within net interest income have been reclassified to net foreign exchange (loss) / gain to align the presentation with the economic substance of the underlying transactions. As a result, net interest income increased by AED 326 million for the nine month period ended 30 September 2025 and by AED 195 million for the three month period ended 30 September 2025, with a corresponding increase in net foreign exchange losses. The reclassification affects presentation only and has no impact on Group's condensed consolidated interim statement s of financial position, profit or loss, other comprehensive income, changes in equity and cash flows for any period presented. 35 Subsequent events There have been no events subsequent to the statement of financial position date that would significantly affect the amounts reported in the condensed consolidated interim financial information as at and for the period ended 30 September 2026.