Their number reached 10.1 thousand by the end of last year

28% of all bank employees are citizens

«Markaz» confirmed that net bank interest amounted to 68.6 billion dirhams by the end of 2019. Archival

The Federal Center for Competitiveness and Statistics stated that 10 thousand and 100 citizens work in banks, by the end of last year, and they constitute 28% of the total employees in the sector, whose total number reached 36 thousand and nine employees, both Emiratis and non-Emiratis.

In a report issued yesterday, entitled “Financial Indicators for Banks 2019”, the Center stated that 393 citizens joined banks within two years, among them 52 citizens last year, and 341 citizens during 2018, as the number of Emiratis working in banks reached 10 thousand and 48 By the end of 2018.

According to the center, the number of non-Emirati employees working in banks decreased by 672 during 2019, to 25,909 employees by the end of last year, compared to 26,581 employees by the end of 2018.

The center noted that the total number of employees working in banks decreased by 620 employees during the year 2019, to reach 36 thousand and nine employees by the end of 2019, compared to 36 thousand and 629 employees by the end of 2018, as a result of smart transformation and the decrease in the number of branches.

The center stated that the net bank interest amounted to 68 billion and 600 million dirhams by the end of 2019, to become the highest in nine years, compared to 66 billion and 800 million dirhams at the end of 2018, an increase of 1.8 billion dirhams, and the net interest of local banks reached 87.2% of the total interest of all banks operating in The state, with a value of 59.8 billion dirhams last year, while the interest of Gulf banks reached 600 million dirhams at the end of last year, while the net interest of foreign banks reached eight billion and 200 million dirhams by the end of the same year.

The center noted that the value of bank commissions for all banks operating in the country amounted to 22.2 billion dirhams at the end of 2019, compared to 20.9 billion dirhams at the end of 2018, an increase of 6.3%, and national banks acquired about 83.3% of them, as the total commissions of local banks reached 18 billion and 500 One million dirhams by the end of 2019, while the value of commissions for Gulf banks reached 110 million dirhams, while foreign bank commissions reached three billion and 600 million dirhams by the end of the same year.

He pointed out that the number of exchange companies in the country decreased to 59, and the number of their branches reached 1113, compared to 113 companies, with a total number of 1180 branches.

393 citizens joined banks within two years.

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