M anagement
Discussion & Analysis
First 9 months of 2022 Financial Results
Abu Dhabi, UAE – 25 October 2022
Confide ntialADIB reports highest quarterly net profit for Q3
2022, with 105% net profit growth to cross AED 1
billion mark.
Net profit growth of 53% for the first 9 months of 2022 to
AED 2.45 billion
ADIB recorded its best ever quarter driven by improved revenues and strong asset growth
First 9 months of 2022 compared to the first 9 months of 2021
4.5bn 1.7bn 352mn 2.45bn
Reven ues Expe nses Impair ments Net In come
+10% -2% -53% +53%
147bn 103bn 119bn 19.6%
Total A ssets Gross Custom er Financing Depo sits RO E
+10% +16% +11% +6.6 ppts
 ADIB Q3 2022 net profit crosses the AED 1 billion mark registering a 105% growth versus the same period last year
where it was AED 493 million in Q3 2021
 53% y-o-y increase in Net Profit to AED 2.45 billion for the first 9 months of 2022 versus AED 1.60 billion in the same
period last year
 ROE improving 6.6 percentage points to reach 19.6% versus 13.0% in the same period last year
 Revenue for the first 9 months up 10% y-o-y to AED 4.5 billion versus AED 4.09 billion same period last year
 Funded income for the first 9 months grew by 10% to AED 2.8 billion verses AED 2.5 billion last year driven by higher
volumes
 Fees and commissions for the first 9 months grew by 22% to reach AED 839 million versus AED 689 million in the same
period last year
 Cost to income ratio improved 4.6 percentage points to 37.6% versus 42.2% driven by revenue growth and effective
cost control strategy
 Improved economic outlook drives 53% impairment decline, despite improved coverage on non-performing financing
 Steady balance sheet growth to AED 147 billion with 16% customer financing growth to reach AED 103 billion versus
AED 89 billion in Q3 2021
 Deposits grew 11% y-o-y to reach AED 119 billion versus AED 107 billion last year
 Robust capital position with a common equity tier 1 ratio of 12.8%
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 2Abu Dhabi Islamic Bank reported the highest quarterly net profit with AED 1 billion in Q3 2022 where it was AED 493
million in Q3 2021 marking a 105% growth versus the same period last year. The bank registered a year-on-year growth
in Net Profit of 53% for the first 9 months of 2022 to AED 2.45 billion from AED 1.6 billion in the corresponding period of
2021, reflecting strong top-line growth across all key businesses. Revenue for first 9 months of 2022 improved 10% to
AED 4,516 million compared to AED 4,093 million last year. This was driven by 22% increase in fees and commissions and
10% growth in funded income to AED 2,802 million, achieved from the growth in customer financing and higher rates.
Cost to income ratio was managed down to cross the 40% mark for the first 9 months with an improvement of 4.6
percentage points to 37.6%. This was helped by higher revenues and cost inititaives driven by the ongoing investment in
digital initiatives that brought expenses down by 2% year-on-year to AED 1,699 million
Impairments declined 53% year-on-year to AED 352 million for the first 9 months of 2022, reflecting an overall
improvement in economic conditions. This reduction was achieved while improving the provision coverage of non-
performing financing (including collaterals) by 4.1 percentage points to 122.4%.
Total assets increased 10% year-on-year to reach AED 147 billion, driven by 16% growth in gross financing and 42% in
investments. Customer deposits rose 11% year-on-year to AED 119 billion from strong Current and Savings Accounts
(CASA). ADIB maintained a robust capital position with a Common Equity Tier 1 ratio of 12.8% and a total Capital Adequacy
Ratio of 17.9%. The bank’s liquidity position was healthy and comfortably within regulatory requirements, with the
advances to stable funding ratio at 86.1% and the eligible liquid asset ratio at 15.9%.
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 3“
H.E JAWAAN AWAIDAH AL KHAILI
CHAIRMAN
“ADIB is pleased to report its best quarterly results ever. We were able to cross the AED 1 billion mark in net profit for a
quarter underpinned by strong business momentum. Our initiatives to diversify our income, expand into new segments
while managing asset quality and improving our costs served us well to deliver a record ROE of 19.6%.
“We were particulary pleased this quarter to be recognsied as the safest islamic bank globally, a testament to our solid
fundamentals and financial strengths. Our capital ratios and liquidity metrics are robust and we operate in a healthy
economic environment backed by a strong and supportive government.
“These strong results, along with our positive outlook for the local economy, will enable us to accelerate our investments
supporting our next stage of growth. As we look ahead we will continue to work towards creating value for all our
stakeholders as we aim to become the world’s most innovative Islamic bank. We are confident in the economic outlook
for the UAE and the region, and will look to accelerate our progress for both customers and shareholders alike.”
“
NASSER AL AWADHI
GROUP CHIEF EXECUTIVE OFFICER
“The record results for the quarter once again attest to the strength of our business and the meaningful progress we are
making in transforming our business and capturing new opportunities. Our transformed business, nimble execution of our
strategic prioriries and balance sheet strengths have put us in good stead to deliver one of the highest return on equity in
the market of 19.6%. We had broad—based customer finance growth of 16% In the first 9 months of this year, growing
both retail and corporate book, driving funded income growth of 10%. This demonstrates our leading origination
capabilities and our continued focus to grow our market share through specialized offerings and innovative solutions. The
positive drivers we saw in business over the last few quarters converted into a solid fee income growth of 22%. We
remained disciplined on costs wih our cost to income ratio improving 4.6 percentage points to 37.6% crossing the 40%
mark over 9 months for the first time in our history.”
“Looking ahead and while the global economic outlook remains uncertain marked by inflationary pressures, we are
confident that our strong balance sheet, capital levels and liquidity combined wih our innovative and agile spirit will
position us well to capture new opportunities and continue to support our customers, businesses and the UAE economy
to thrive. We will continue to identify new growth areas and invest our resources to deliver sustainable shareholder returns
and puruse our growth and transformation plans.”
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 4“
MOHAMED ABDELBARY
GROUP CHIEF FINANCIAL OFFICER
“ADIB’s net profit for Q3 2022 more than doubled, increasing 105% compared to the same period last year. It was the
bank’s best ever quarter where ethe quarterly earnings crossed the AED 1 billion mark. This was due to a strong business
momentum wth a record perfomance in customer finance, deposits and fee income.
“This performance was driven by a 10% increase in revenues, led by a strong perfomance in our retail and corporate
business. This was helped by strong volumes, early benefits from raising rates and from customers choosing to access more
products and services from ADIB. Our continued investment in digital customer transformation is paying off as our cost-
to- income ratio further improved by 4.6 percentage points to 37.6%, and this means the strength we have today will allow
us to continue to invest in being at the forefront of innovation.
“Our excellent performance this 9 month period is a reflection of our balanced approach to portfolio diversification and
operational efficiency and our resultant high asset quality and credit administration practices. Our net profit margin
improved and we maintained a strong liquidity, funding and capital positions. As we look towards the future, we can expect
to maintain our growth trajectory and build upon our previous success.”
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 5Group Financial Review
Income statement
AED (mn) Q3 2022 Q3 2021 Δ% YTD 2022 YTD 2021 Δ%
Gross revenue from funds 1,279 1,034 +24% 3,120 2,792 +12%
Distribution to depositors (147) (76) +93% (318) (248) +29%
Net revenue from funds 1,132 957 +18% 2,802 2,545 +10%
Investment income 181 195 -7% 602 667 -10%
Fees, commissions income, net 260 228 +14% 839 689 +22%
Foreign exchange income, net 103 67 +55% 268 183 +46%
Other income 2 2 -1% 5 8 -36%
Non-funded income 546 491 +11% 1,715 1,548 +11%
Total operating income 1,678 1,448 +16% 4,516 4,093 +10%
Total operating expenses before impairment
(539) (567) -5% (1,699) (1,729) -2%
charge
Provision for impairment (125) (384) -67% (352) (751) -53%
Profit before zakat and income tax 1,014 497 +104% 2,465 1,613 +53%
Zakat and tax (4) (4) +0.5% (13) (11) +20%
Profit after zakat and tax 1,010 493 +105% 2,452 1,602 +53%
Non-controllable interest (0.5) (0.3) +58% (1.3) (0.7) +92%
Profit attributable to equity holders of the bank 1,010 493 +105% 2,450 1,601 +53%
EPS 0.25 0.11 +131% 0.61 0.38 +62%
Net profit margin – YTD 3.35% 3.12% +23bps
Cost to income ratio 32.1% 39.2% -7.0ppts 37.6% 42.2% -4.6ppts
Cost of risk – YTD 0.38% 1.10% -72bps
ROAE – YTD 19.6% 13.0% +6.6ppts
ROAA – YTD 2.33% 1.64% +69bps
• Group net profit grew 53% in the first 9 months of 2022 to AED 2.45 billion compared to AED 1.6 billion in the
corresponding period in 2021. This was driven by solid growth in revenues, improved operating efficiency and
lower overall impairments compared to the previous year.
• Revenues: The rebound in the UAE economic activity and an improvement in business momentum lifted revenues
by 10% in the first 9 months of 2022 to AED 4,516 million versus AED 4,093 million in the corresponding period of
2021.
• Funded income rose 10% year-on-year to reach AED 2,802 million with 6% growth in average earning assets
thereby increasing the net profit margin to 3.35% as compared to 3.12% in the comparative period of 2021, even
though there was an increase in the cost of funding of 6 basis points year-on-year. ADIB preserves one of the
highest margins in the market, supported by one of the lowest costs of funds in the market.
• Non-funded income increased by 11% year-on-year to AED 1,715 million for the first 9 months of 2022, resulting
from 22% growth in fees and commission income, and a 46% improvement in foreign exchange income.
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 6• Overall revenues were supported by growth in new customers of approximately 93,000 during the first 9 months
of 2022, evidencing ADIB’s emphasis on long-term customer relationships and the delivery of superior customer
service.
• Successful implementation of cost initiatives and the efficacy of the digital strategy resulted in a 1.7%
improvement in operating expenses to AED 1,699 million compared to first 9 months of 2021, leading to an
improvement in the cost-to-income ratio of 4.6 percentage points year-on-year to 37.6%.
• The net impairment charge for the year decreased by 53% year-on-year to AED 352 million, lowering the cost of
risk by 72 basis points year-on-year to 0.38%. This reflected improvements in the micro-and macro-economic
environment and was achieved while improving the provision coverage of non-performing financing (including
collaterals) by 4.1 percentage points to 122.4%.
Balance Sheet
AED (mn) Q3 2022 Q3 2021 Δ%
Cash and balances with central banks 18,233 21,110 -14%
Due from financial institutions 2,170 4,687 -54%
Customer financing, net 98,240 84,419 +16%
Investments 19,072 13,420 +42%
Investment in associates 1,722 1,424 +21%
Investment and development properties 1,992 2,006 -1%
Other assets 5,780 6,315 -8%
Total assets 147,209 133,382 +10%
Due to financial institutions 3,198 2,920 +10%
Depositors’ accounts 118,823 107,005 +11%
Other liabilities 4,014 3,529 +14%
Total liabilities 126,036 113,454 +11%
Share capital 3,632 3,632 -
Retained earnings 7,594 6,233 +22%
Other reserves 5,181 5,298 -2%
Equity attributable to shareholders of the bank 16,407 15,163 +6%
Tier 1 sukuk 4,754 4,754 -
Non - controllable interest 12 11 +6%
Equity attributable to equity holders of the bank 21,173 19,928 +6%
Customer financing, gross 103,202 89,124 +16%
Non-performing financing 8,597 8,025 +7%
NPA ratio 8.3% 9.0% -67bps
NPA coverage ratio 67.8% 65.7% +2.2ppts
NPA coverage ratio with collaterals 122.4% 118.2% +4.1ppts
Risk weighted assets 119,432 102,951 +16%
Core Equity Tier 1 Ratio 12.81% 13.77% -96bps
Tier 1 Ratio 16.79% 18.38% -1.6ppts
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 7Capital Adequacy Ratio 17.90% 19.47% -1.6ppts
Financing to deposit ratio 82.7% 78.9% +3.8ppts
Advances to stable fund ratio (AFR) 86.1% 82.4% +3.8ppts
Eligible Liquid Asset Ratio (ELAR) 15.9% 19.9% -4.0ppts
• Total assets reached AED 147.2 billion as at 30 September 2022, an increase of 10% from 30 September 2021,
driven by a growth in net financing and growth of the investment portfolio.
• Gross customer financing increased 16% year-on-year to AED 103.2 billion from 30% growth in wholesale
financing across Government and public sector enterprises, corporates and financial institutions while retail
financing portfolios grew by 10%.
• The bank’s investment portfolio increased 42% at 30 September 2022 to AED 19.1 billion
• Customer deposits amounted to AED 119 billion as of 30 September 2022, up 11% from 30 September 2021 as
CASA deposits increased by 8% to AED 89 billion comprising 74.0% of total customer deposits.
• Non-performing financing totaled AED 8.6 billion as of 30th September 2022 compared to AED 8.0 billion as of
30th September 2021 while the non-performing financing ratio improved to 8.3% versus 9.0% as at 30 September
2021.
• ADIB continued to maintain a healthy liquidity position with an advances to stable funding ratio at 86.1%
compared with 82.4% at 30 September 2021, while the eligible liquid asset ratio was 15.9% as at 30 September
2022 versus 19.9% at 30 September 2021.
• The bank further maintained a robust capital position with the common equity tier 1 ratio at 12.8%, a tier 1 ratio
of 16.8% and capital adequacy ratio of 17.9% as at 30 September 2022, comfortably exceeding regulatory
requirements prescribed by the UAE Central Bank.
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 8Segmental Performance Review
Retail Banking Group
Income statement
AED (mn) YTD 2022 YTD 2021 Δ%
Funded income 2,126 1,862 +14%
Non-funded income 427 423 +1%
Total operating income 2,553 2,285 +12%
Operating expenses excluding impairments (1,355) (1,365) -1%
Impairment charge (65) (34) +90%
Profit before tax and zakat 1,133 886 +28%
Tax and Zakat - - -
Profit after tax and zakat 1,133 886 +28%
Cost income ratio 53.1% 59.7% -6.7ppts
Cost of risk 0.16% 0.09% +7bps
Balance Sheet
AED (mn) Q3 2022 Q3 2021 Δ%
Financing, gross 52,721 48,071 +10%
Depositors’ accounts 81,178 74,337 +9%
• ADIB’s Retail Banking Group (‘Retail Banking’), is the leading bank for UAE nationals and a critical growth engine
for ADIB. Retail Banking delivered a strong performance, generating AED 1,133 million of net profit in the first 9
months of 2022, a 28% increase over the same period last year. In addition, Retail Banking continued
strengthening their customer propositions and improving channel productivity, resulting in improved sales
momentum for cards and 10% year-on-year growth in gross financing to AED 52.7 billion as of 30 September
2022.
• Based on encouraging financing growth, revenue for Retail Banking increased 12% year-on-year to AED 2,553
million, on the back of higher fees and commissions on cards and wealth management products
• Operating expenses in the first 9 months of 2022 declined 1% year-on-year, reflecting cost optimisation
initiatives, and continued focus on process simplification and automation to improve efficiency and deliver better
customer experiences.
• The strategic focus on delivering an excellent customer experience enabled Retail Banking to expand its customer
base by approximately 93,000 customers in the first 9 months of 2022.
• Deposits also grew by 9% year-on-year, outperforming the market on deposit growth. This is a testament to the
Bank’s strong UAE national and Emirati-focused strategy, which is at the core of the Retail Banking business. This
was driven by CASA growth of 8%.
• Constomer financing grew 10% to AED 52.7 billion led by growth in personal finance and home finance
• New to bank cards acquisition grew 60% from Q3 2021 driven by improved sales process while card spends grew
23%
• On digital, the bank continued to introduce industry-leading digital capabilities, redesign the client experience,
and enabled its customers to bank anytime, anywhere, on their preferred channels. The provision of the new
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 9digital remote sales platform allowed customers to interact remotely, driving significant sales across consumer
finance products. Over 45% of account opening are done through digital channels.
• ADIB was a leader among UAE banks in facilitating participation for our customers in the IPOs of DEWA, Borouge,
and Salik.
Wholesale Banking Group
Income statement
AED (mn) YTD 2022 YTD 2021 Δ%
Funded income 534 446 +20%
Non-funded income 245 184 +33%
Total operating income 779 630 +24%
Operating expenses excluding impairments (205) (206) -0.5%
Impairment charge (153) (500) -69%
Profit before tax and zakat 421 (76) +651%
Tax and Zakat (9) (7) +19%
Profit after tax and zakat 412 (84) +593%
Cost income ratio 26.3% 32.7% -6.4ppts
Cost of risk 0.5% 2.0% -1.5ppts
Balance Sheet
AED (mn) Q3 2022 Q3 2021 Δ%
Financing, gross 43,775 33,559 +30%
Depositors’ accounts 24,296 20,855 +17%
• The Wholesale Banking Group (‘WBG’) saw an increase in net profit of 593% driven by higher volume and the
benefit of rising rates.
• Total operating income grew 24% year- on year reflecting an economic rebound and improvements in non funded
income.
• Gross customer financing grew by 30% year-on-year to AED 43.8 billion, as a result of a rebound in economic
activity and market sentiment, as well as strong momentum in deal execution. This was driven by demand from
existing large corporates as well as new to bank clients.
• The Global Transaction Banking (GTB) team continued to make progress on its transformation journey, offering
digitally enabled and innovative solutions to clients.
• Revenues for WBG for the first 9 months of 2022 increased 24% year-on-year to AED 779 million.
• WBG’s impairment charge for the period amounted to AED 153 million, a 69% decrease relative to the
corresponding period of 2021.
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 10Treasury
Income statement
AED (mn) YTD 2022 YTD 2021 Δ%
Funded income (193) (96) +100%
Non-funded income 649 694 -7%
Total operating income 456 598 -24%
Operating expenses excluding impairments (30) (30) -0.1%
Impairment charge (20) (0.2) +12,949%
Profit before tax and zakat 406 567 -29%
Tax and Zakat - - -
Profit after tax and zakat 406 567 -29%
Cost income ratio 6.6% 5.1% +1.6ppts
Investment Yield 2.5% 5.0% -2.5ppts
Balance Sheet
AED (mn) Q3 2022 Q3 2021 Δ%
Investments 19,072 13,420 +42%
Depositors’ accounts 4,441 3,106 +43%
ADIB’s Treasury department saw a decline of 29% in net profit to AED 406 million year-on-year due to a reduction in the
revenue for the period by 24% year-on-year to AED 456 million. This was primarily due to adverse market conditions in
2022, partially offset by fee income generation from customers’ activities.
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 11Strategy and Outlook
Strategy
The global banking industry is currently experiencing an unprecedented era of transformation and opportunity. The global
drive towards digitalization and Fintech disintermediation is well underway, leading to both increased regulatory
liberalization and pressures. At the same time, the Covid pandemic has accelerated the adoption of digital products and
services and structurally altered working patterns and economic fundamentals, leading to a lower rate and growth
environment. Finally, sustainability has become a central theme for consumers, communities, employees and
Governments globally and matters of diversity, climate change, staff wellbeing and governance, amongst others, are now
critical success factors for corporations and their stakeholders.
Against this backdrop, ADIB conducted its 5-year strategic review in 2021, which defined the bank’s renewed purpose of
becoming a lifelong partner for our clients, community and colleagues. Furthermore, ADIB’s vision revamped to be the
world’s most innovative Islamic bank.
The bank’s 2025 strategy is built upon 4 strategic pillars:
Continuous Innovation of new Sharia-compliant banking products that will allow the bank to support customers across
the retail, SME and corporate landscape remains a key tenant of the Bank’s strategy. This will be supported by the training
and development of Islamic banking experts. Additionally, the bank will re-engineer the delivery of products and services
and plans to launch innovative digital ventures and new business models. In line with this strategy, the bank launched
various products that enabled a growth in market share such as yusr for salary advance, new finance plan to support SME,
and easy instalment plan.
ADIB’s strategy is Segment Focused, building on its existing strength in the Emirati retail segment while attracting and
developing new business segments where the bank can grow profitably. In this respect, a core focus area includes
developing an ecosystem to support Emirati customers across all financial stages in their lives and expanding customer
propositions and product offerings across large, medium and small corporations. The bank was able to deliver a double-
digit growth in customer financing with all core businesses showing improvements.
Digital Excellence remains at the heart of the 2025 strategy and the bank strives to become a digital-first financial
institution. ADIB aims to elevate customer convenience through its digital platforms and become a data-driven
organization by leveraging advanced analytics and artificial intelligence. At the same time, ADIB will build a modern
technology foundation and new digital tools and capabilities for staff to enable seamless, digital processing and front-line
delivery, while creating a future-proof workforce.
Finally, ADIB is planning to embed sustainability and ESG frameworks into the existing Islamic banking DNA to ensure a
Sustainable Future for the bank, its employees, and the customers and wider community it serves. Under this pillar, ADIB
will create a more comprehensive ESG risk framework and policies, develop a Group sustainability strategy and roadmap,
and foster existing talents in the organization.
The central objective underpinning the revamped strategy is a commitment to driving value for our stakeholders and the
bank’s 2025 strategic targets include reaching a return on equity of 20%, doubling net profit, achieving a cost-to-income
ratio below 36%, being ranked first in customer experience measured with the Net Promotor Scores (NPS) and driving
digitalization to more than 85% Straight-Through-Processing (STP).
Digital and Innovation
ADIB’s focus on continuous innovation and digital excellence are core tenents of the revamped 2025 strategy.
The number of digitally active customers has increased steadily over the past year. Currently, the bank has 65% of its
customers digitally active.
In addition, ADIB continued to strengthen its digital banking capabilities over the period, with a host of new initiatives
driving improved adoption and usage rates of its digital services. The bank announced the launch of a new Wealth
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 12Management digital platform. ADIB also continues to provide customers with convenient remote account opening services
through a government-linked facial recognition system.
Additional highlights of ADIB’s progress on digitalization and innovation include the following:
• ADIB’s mobile app was top-ranked in the UAE App store.
• ADIB had 70% digital usage
• 48% of new to bank customers open their account using the app
• Digital finance applications increased with 37% of personal finance applications taking place digitally
• ADIB received and processed 99.5% of payment fund transfer digitally
• ADIB opened a total 8,000 acounts through its new digital product Amwali, the world’s first Islamic digital
proposition for youth
• New features were added to Mobile app to help increase customer usage and adoption – these include IPO
subscription, push notification, Consumer Protection Rights and additional security features for transfers. These
enhancements helped maintain overall Consumer Bank NPS (net promoter score) at 60%
As a result of our digital investment and our efforts to keep customers safe and secure, in Q3 2022 ADIB was awarded the
status of the ‘safest Islamic Bank globally’ by Global Finance.
Outlook
Following a year of rebound in 2021 which saw a 2.3% increase in economic activity, the local economic environment
steadily improved in Q3 2022. Consumer sentiment and spending has recovered and GDP growth is expected to rebound
to a positive 5.1% in 2022. This expectation is underpinned by a sharp increase in oil prices which are expected to remain
above USD 90 per barrel and sustained government expenditure with moderate inflation rate.
ADIB reported a solid financial performance in the first nine months against the backdrop of a positive economic outlook.
Our renewed strategic vision and drive provide a solid foundation for sustained value creation into the medium term
ahead, as we continue to execute our 5-year growth strategy.
---ENDS---
About ADIB:
ADIB is a leading bank in the UAE with more than AED 147 billion in assets. The bank also offers world-class online, mobile and phone
banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate,
business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu
Dhabi Securities Exchange (ADX).
ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan
and Iraq.
Named World’s Best Islamic Bank by The Financial Times’ The Banker publication, ADIB has a rich track record of innovation, including
introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and
a wide range of financing products.
ADIB Investor relations Mobile application
Please download the ADIB Investor relations dedicated mobile app available on both Apple and Google play stores. The application
will keep you up to date with the latest developments - from latest share prices and press releases to investor days, financial results
and our document library. You can view stock exchange announcements, presentations, annual and quarterly reports, and interact
with key data onscreen.
For media information, please visit www.adib.ae or contact:
Lamia Hariz
Head of Corporate Communications and Investor relations
Email: lamia.hariz@adib.com
MANAGEMENT DISCUSSION & ANALYSIS REPORT – YTD 2022 13

Sentiment: positive