External broker reports(aggregated public sources), International Securities

International Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

United arab emirates Financials / Thematic (Sector/Industry)

<ul><li>We expect FAB to report shareholders’ profit of AED4.2bn in 1Q25e, flat YoY and QoQ, as higher operating income is expected to be off-set by higher corporate taxes.</li><li>Net interest income is expected to remain flat YoY (-1.5% QoQ) to AED4.9bn, absorbing the impact of rate cuts during 2024 while loan book is expected to show decent growth.</li><li>Non-interest income is expected to remain robust with 4.1% YoY growth (+17.2% QoQ) mainly driven by continued momentum in fees and commissions, and trading income.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We expect FAB to report shareholders’ profit of AED4.2bn in 1Q25e, flat YoY and QoQ, as higher operating income is expected to be off-set by higher corporate taxes.Net interest income is expected to remain flat YoY (-1.5% QoQ) to AED4.9bn, absorbing the impact of rate cuts during 2024 while loan book is expected to show decent growth.Non-interest income is expected to remain robust with 4.1% YoY growth (+17.2% QoQ) mainly driven by continued momentum in fees and commissions, and trading income.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

四半期決算プレビュー - 2025年第1四半期（予想）銀行セクター