First Abu Dhabi Bank, the largest lender in the UAE, has reported a significant increase in its net profit for the third quarter. The bank’s core business growth has contributed to a 46% rise in net profit, reaching Dh4.3 billion ($1.17 billion) for the three-month period ending in September. This marks the highest quarterly profit on an underlying basis. Operating income also saw a notable increase, rising by 27% to Dh7 billion, driven by growth in the bank’s core business and double-digit growth in interest and non-interest income. Hana Al Rostamani, the group chief executive of FAB, expressed satisfaction with the solid results achieved in the third quarter of 2023. She highlighted the bank’s international and diversified franchise, financial strength, and ample liquidity as competitive advantages that will support the bank’s steady progress towards its strategic goals.