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ADIB a star performer among Middle East and Africa banks in Q2 2025: S&P Global Market Intelligence
8 July 2025 10:40
REDDY (ABU DHABI)The UAE banks recorded some of the highest quarter-on-quarter market capitalisation gains in the Middle East and Africa during the second quarter of 2025, according to the latest data released by S&P Global Market Dhabi Islamic Bank (ADIB) led the UAE banks with a 34% surge in market capitalisation to $21.26 billion, pushing the bank three places up in the regional top 20 rankings. The strong performance coincides with a series of strategic initiatives, including a partnership with Binghatti Holding to offer Sharia-compliant financing solutions for home buyers and the launch of the UAE's first fractional sukuk investment platform. The digital platform enables participation in sukuk with as little as $1,000—far below the conventional minimum of $200, also reported an 18% year-on-year increase in first-quarter net profit, reaching Dh1.9 billion, supported by a robust balance sheet, growing business momentum, and sustained customer acquisition. The bank delivered a return on average equity of 23.5% in 2024, along with a net interest margin of 3.88% and an efficiency ratio of 29.58%.Other UAE-based lenders in S&P's top 20 list — First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial Bank (ADCB), and Dubai Islamic Bank (DIB) — also posted double-digit growth in their respective market values during the quarter. S&P Global Ratings attributed the strong performance to the UAE government's economic and social reforms, which have helped reduce credit risks and improve the operating environment for banks.
The data reinforces the growing strength and resilience of the UAE's banking sector as it capitalises on digital innovation, regulatory support, and sustained economic reforms. As of the end of June 2025, UAE banks continue to rank among the most valuable institutions in the Middle East and Africa.
