Saturday 26 September 2020

Abu Dhabi banks record $4bn income in H1

ABU DHABI, December 10, 2019

The net income of commercial and Islamic banks operating in Abu Dhabi amounted to around Dh15 billion ($4.08 billion) during the first half (H1) of 2019, representing 58 per cent of total net income in 2018, a media report said.

The net income of traditional banks from interests and investments reached Dh12.45 billion, accounting for 83 per cent of the total income of the sector while 13 per cent came from Islamic banks, reported Emirates news agency Wam.

The statistics also showed that at the end of the first half of this year, the number of people employed by Abu Dhabi commercial and Islamic banks totalled 11,768.


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