Stability of the number of employees since last September ... and the reduction of salaries does not include everyone and did not exceed 10%

Two bankers: “commissions” in banks reach 70,000 dirhams per month

• The banks maintained their main employees, which amounted to 33.4 thousand employees.

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• Ahmed Arafat: "The return of the movement to the market stimulated the demand for banking products, and positively affected the demand to a large extent."

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According to the latest data issued by the Central Bank, since last September until the end of February of this year, banks have maintained their main employees at the level of 33 thousand and 444 employees. National banks acquire the largest share of their number, at 79%, equivalent to 26 thousand and 408 employees While the remaining number is concentrated in foreign banks.

While two bankers said that a limited number, not all banks, reduced the salaries of a limited number of employees during the Corona crisis, but in return, the commission rates charged by these employees, which ranged between 2000 and 15 thousand dirhams in regular financing, were not canceled or reduced. Between 30 thousand and 40 thousand in real estate financing, and it culminates in very limited products in wealth management, and it can reach up to 70 thousand dirhams per month, and no citizen's salary has been reduced or dispensed with.

They confirmed to Emirates Today that the return of movement to the market once again stimulated the demand for bank products, and positively affected the demand to a large extent.

Close condition

In detail, the banking expert, Muhannad Aouni, said that «the banking sector, like any sector around the world, was negatively affected by the closure during the period of« Corona », so the salaries of some employees in a very limited number of banks were reduced by rates that did not exceed 10%, but in In return, the rest of the advantages remained, whether in terms of commissions or other allowances.

And he indicated that «the banks have preserved as much as possible on their cadres and no citizen has been dispensed with, in implementation of the instructions of the Central Bank, in addition to the existence of the commission rates that the employees receive as they are unchanged, which helped a lot in absorbing the negative impact of reducing their salaries», explaining that the value and rates These commissions vary from one bank to another and according to the nature of the product itself, but it reaches up to 70,000 dirhams per month in a very limited number of products.

Commissions are fixed

For his part, the banking expert, Ahmed Arafat, said, “Very few employees have had their salaries reduced, but the commissions they receive are still the same, and ranged between 2000 and 15 thousand dirhams in regular financing, and ranged between 30 thousand and 40 thousand in real estate financing, But it depends on the performance of the employee ».

Arafat added that the return of movement to the market again stimulated the demand for bank products and positively affected the demand to a large extent.

In turn, a banking expert, who preferred not to be named, said that the largest number of employees in the banking sector was not affected by the reduction in salaries, which came at rates that did not exceed 10%, stressing that some products related to wealth management, for example, charge high commissions of up to 70 thousand dirhams. In addition to the fact that banks have never stopped the percentage of commissions that employees charge, even during the crisis.

He stressed that the banking sector formed a strong wall that helped companies, individuals and government agencies to overcome the Corona crisis safely.

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