The net income of commercial and Islamic banks operating in the Emirate of Abu Dhabi reached about 9.6 billion dirhams during the first quarter of 2020, according to the latest figures released today by the Abu Dhabi Statistics Center.
The net income of traditional Abu Dhabi banks from interest and investment reached about 8.5 billion dirhams, accounting for 88.5% of the total income of the sector, while 12.5% of the net income came from Islamic banks.
Details of income statistics show that net interest reached 8.856 billion dirhams in the first quarter of 2020, while investment income reached approximately 1.5 billion dirhams, 1.1 billion dirhams in net income of Islamic banks and 2.14 billion dirhams of other income.
The number of employees in Abu Dhabi Commercial and Islamic banks by the end of the first quarter of this year, 10886 employees, according to statistics by the Statistics Center.
With regard to compensation for workers in the sector, which includes wages, salaries, cash rewards and benefits in kind granted to employees in Abu Dhabi banks, the Statistics Center report showed that the worker’s share of total compensation reached 43144 dirhams during the first quarter of this year compared to 43411 dirhams in the first quarter of 2019.