Abu Dhabi Commercial Bank (ADCB) announced plans to double its net profit to Dh20 billion within five years, aiming for an annual growth rate of approximately 20%.
ADCB also plans to increase its total dividend payouts to Dh25 billion over the next five years, marking a 50% rise compared to the previous five-year period. The bank has consistently delivered an annual return on equity exceeding 15% while maintaining strong regulatory ratios and sufficient capital for future growth.
“The Board of Directors has endorsed ADCB’s ambitious strategy, expressing their confidence in its successful implementation. The bank’s ambition continues to be forward looking, and attuned to the pace and promise of the Nation’s next phase of economic transformation,” Khaldoon Khalifa Al Mubarak, Chairman of ADCB’s Board of Directors, said.
Digital transformation
The bank’s strategy includes a focus on deploying advanced digital and AI tools to modernise its operations. ADCB also emphasised empowering UAE nationals to lead the transformation of the banking sector.
