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  • ae UAE

Annual Report 2018

Members - Board Of Directors

Chairman’s Statement

I am pleased to report that FAB delivered strong financial results in 2018 with a full year Group Net Profit of AED 12.0 Billion, an increase of 10% from 2017. By the end of 2018, FAB displayed solid fundamentals, robust capital and liquidity ratios while maintaining a healthy asset quality. In light of this performance, the Board of Directors recommended the distribution of a cash dividend per share of 74 fils for the year ended 31 December 2018, resulting in total cash dividends for the year of AED 8.06 Billion, a 6% increase from 2017.

GCEO Report

It gives me great pleasure to present FAB’s key achievements and financial results for 2018.As the UAE’s Year of Zayed, 2018 will always stand out as a special year, and this is all the more so following the successful completion of our IT systems integration in the fourth quarter. This milestone concluded our UAE integration journey, leaving us as a fully unified bank able to provide enhanced banking products and services to our customers.

Business Review

FAB's market-leading CIB franchise and dominant PBG businesses are well complemented by its network of subsidiaries.


“CIB delivered a strong performance during 2018, as the business continued to demonstrate leading capabilities regionally and internationally, while successfully navigating competitive headwinds and market volatility. All of our coverage teams had a significant year, exceeding targets and demonstrating the strength of our client-centric model."

André Sayegh

Deputy Group CEO and Group Head of Corporate and Investment Banking


"PBG delivered a strong performance in 2018, with profitability improving on the back of a reduction in operating expenses, coupled with a decrease in impairment charges. Operating income was lower year-on-year, principally due to the impact of risk-asset optimisation on interest and non-interest revenue sources."                     

Hana Al Rostamani

Group Head of Personal Banking



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