Central Bank Governor Mubarak Rashid Al-Mansoori revealed that the central bank had signed fines worth 3.6 million dirhams against 11 banks that were not committed to the point localization system.
He confirmed in a press statement today in Abu Dhabi that banks are required to reconsider resorting to outsourcing companies, after they have had a different model of employment for citizens based on the points system.
Al-Mansouri said, "The banking sector provides a large number of jobs for citizens, currently numbering close to 10 thousand jobs.
He added that "the merger operations and the reduction in the number of branches did not affect the Emiratisation, as the overall numbers are increasing during the years 2018 and 2019."
He pointed out, "The central bank has stressed to the banks the necessity of working on succession in a way that guarantees the resettlement of the CEO position.
On how to see the extent of the attractiveness of the banking sector to citizens to work with, Al-Mansouri said, "The banking sector is vital and important and provides current jobs of up to about 10,000 jobs held by citizens, pointing out that" every bank has a specific policy in terms of the salary and bonus system, but new graduates usually Citizens for entities that pay a high salary in the beginning
He emphasized that the graduate citizen’s continued banking work would give him high salaries and benefits after a short period.