Abu Dhabi Commercial Bank (ADCB) has received an upgrade in its long-term issuer credit rating from ‘A’ to ‘A+’ with a ‘stable’ outlook from S&P Global Ratings.
The move underscores ADCB’s strong financial standing and high asset quality, placing it among the top three highest-rated banks in the MENA region.
The upgrade reflects ADCB’s robust earnings generation and prudent capital retention, which S&P highlighted as key strengths. The agency also recognized the Bank’s enhanced risk management framework and a disciplined risk appetite, positioning it to navigate economic cycles effectively.
ADCB has witnessed significant growth, with total assets surpassing AED 650 billion in 2024—a 59% increase since 2020. Net loans have expanded at a 10% compound annual growth rate (CAGR), while exposure to government-related entities (GREs) has risen to 27% of gross loans. Concurrently, deposit inflows have grown at a 14% CAGR.
As part of its strategic growth plan, ADCB aims to double its net profit to AED 20 billion within five years, leveraging its high investment-grade rating to maintain a competitive cost of capital.
News Source: Emirates News Agency
