Commercial Bank of Dubai and Abu Dhabi Islamic Bank are the latest to publish financials for 1Q 2025 — and both had a good quarter.

CBD-

Commercial Bank of Dubai (CBD) reported a net income after tax of AED 828 mn in 1Q 2025, up 18.1% y-o-y, according to its earningsrelease (pdf). Income from net interest rose 2.7% to AED 985 mn, while non-funded income declined 6.5%. Total income was broadly flat, falling a marginal 0.1% to AED 1.4 bn, with a 68.3% drop in impairment charges helping cushion the impact of a 17.5% rise in operating expenses.

The performance was “attributable to strong customer activity and supportive economic conditions,” CBD CEO Bernd van Linder said. Net loans and advances rose 11.7% y-o-y to AED 96.9 bn, while customer deposits increased 10.3% y-o-y to AED 99.6 bn. Total assets edged up 7.8% y-o-y to AED 141.1 bn.

ADIB-

Abu Dhabi Islamic Bank recorded a 17.9% y-o-y increase in net income to AED 1.7 bn in 1Q 2025, according to its financials (pdf). The bank’s revenues rose by 14% y-o-y to AED 2.9 bn in the same quarter, supported by gains in both financing income and non-funding revenue, driven by robust business volumes and “continued strength in fee-based businesses,” according to its earnings release (pdf).

ADIB’s total assets rose by 25.1% y-o-y to AED 243.5 bn in 1Q 2025, driven by stronger financing growth in retail and corporate banking, along with a larger investment portfolio.

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