Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) reported higher profits by 50% during the first half (H1) of 2022 to AED 8.03 billion, compared to AED 5.35 billion in the same period in 2021.

Basic earnings per share (EPS) increased to AED 0.71 during H1-22, compared to AED 0.47 in H1-21, according to a recent stock exchange statement.

Net interest income for the six-month period ended in June 2022 grew to AED 5.99 billion, compared to AED 5.03 billion in the year-ago period.

During the second quarter (Q2) of the year, the profits were AED 2.91 billion, up from AED 2.88 billion in Q2-21.

It is worth noting that in Q1-22, the lender saw a 107% yearly surge in its net profits attributable to the shareholders to AED 5.12 billion from AED 2.47 billion in the corresponding quarter of 2021.