"Competitiveness and Statistics": exceeded 30% at the end of 2020

Emiratis record the highest percentage of total bank employees in 5 years

• The net interest of banks recorded 59 billion dirhams at the end of 2020. Archive

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The Federal Center for Competitiveness and Statistics revealed that the UAE is among the top 10 globally in six indicators related to the banking sector in 2021, at a time when the number of Emiratis working in banks reached 10,44 employees, out of a total of 33,444 employees at the end of 2020, by

30% of the total number of employees, with the highest percentage of Emiratis working in banks in the country within five years.

global indicators

In a report issued recently, the Center stated that the UAE ranked first in the world in the "Freedom to Own Bank Accounts Index in Foreign Currency", according to the "Prosperity Index" report, issued by the Legatim Institute, and ranked third globally in the "Prosperity Index" report. Public Funds Transfer Index,” and ranked seventh globally in the “percentage of confidence in financial institutions index” in the same report.

The UAE ranked fourth globally in the "Investment Capital Availability Index", and ninth globally in the "Small and Medium Enterprises Financing Index", according to the Global Competitiveness Report issued by the World Economic Forum.

The UAE ranked eighth globally in the "Technological Development Financing Index", according to the Digital Competitiveness Yearbook Report, issued by the International Institute for Management Development.

Numbers of citizens

In addition, the report of the Federal Competitiveness and Statistics Center revealed that the number of Emiratis working in banks reached 10,44, out of a total of 33,444 employees at the end of 2020, with a percentage of

30% of the total number of employees, with the highest percentage of Emiratis working in banks in the country within five years.

According to the report, the percentage of Emiratis working in banks reached 27.7% in 2016, rising to 28% in 2017, then declining to 27.4% in 2018, then rising to 28.2% in 2019, reaching 30%, for the first time in five years. years in 2020.

The report indicated that the total number of employees in the banking sector recorded its largest decline at the end of 2020, reaching its lowest rate in 10 years, within the framework of digitization initiatives, smart transformation processes and the growth of online banking operations.

net benefits

The report pointed out that the net interest received from banks operating in the country, including local, Gulf and foreign banks, has declined to its lowest level in five years during the year 2020.

He stated that the net interest of banks amounted to 59 billion dirhams at the end of 2020, of which local banks obtained 88.3%, and the rest for Gulf and foreign banks, while the total interests amounted to 68.6 billion dirhams at the end of 2019, and 66.8 billion dirhams at the end of the year 2018, and 61.4 billion dirhams at the end of 2017, and 61 billion dirhams at the end of 2016.

Banking commissions

With regard to banking commissions, the report stated that they amounted to 21.4 billion dirhams at the end of 2020, of which local banks obtained 83.7%, and the rest for foreign and Gulf banks.

Statistics indicate that the value of bank commissions fluctuated, during the past five years, up and down, reaching 22.1 billion dirhams in 2016, then rising to 24.6 billion dirhams in 2017, dropping again to 20.9 billion dirhams in 2018, then rising to 22.2 billion dirhams in 2019, but decreased again to 21.4 billion dirhams in 2020.

• Banks achieve 21.4 billion dirhams of bank commissions at the end of 2020, 83.7% of which belong to the "local".

The UAE is among the top 10 club in the world in 6 indicators related to the banking sector in 2021

- First in the world in the "Freedom of Holding Bank Accounts in Foreign Currency Index".

- Third globally in the "Public Fund Transfer Index".

Fourth in the world in the "Investment Capital Availability Index".

- Seventh globally in the "Confidence Percentage Index in Financial Institutions".

- Eighth globally in the "Technological Development Financing Index".

- 9th globally in the "Small and Medium Enterprises Financing Index".

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