The four largest banks in the United Arab Emirates (Aa2 stable) – First Abu Dhabi Bank PJSC (FAB, Aa3/Aa3 stable, a3), Emirates NBD Bank PJSC (ENBD, A2/A2 positive, baa3), Abu Dhabi Commercial Bank (ADCB, A1 stable, baa3) and Dubai Islamic Bank PJSC (DIB, A3
stable, ba1), which collectively represented around 72% of the total banking system assets as of December 2024 – reported a 10% increase in their combined net profit for the full year of 2024 compared with the previous year