Government report: 16.7% of them hold “higher administrative” positions.
23.7% of vital jobs in banks are occupied by citizens
The Central Bank prevented reducing the salaries of citizens working in the sector due to the repercussions of “Corona”.
Emirates today
The banking sector is one of the largest sectors in the country in terms of employing citizens and creating opportunities.
Emirates today
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A government report revealed that 23.7% of the vital jobs in the banking and banking sector in the country are occupied by citizens.
He emphasized that the percentage of national cadres who held senior management positions in this sector during the last three years had risen to 16.7%.
He said that the banking sector is one of the largest sectors in the country in terms of employing citizens and creating opportunities, as the percentage of national cadres working in it until the end of last year reached 30% of the total bank employees.
In detail, an official report of the Ministry of Finance stated that since January 2017, the Council of Ministers approved the Emiratisation strategy in the banking sector according to the points system, and instructed the Central Bank of the United Arab Emirates to implement this strategy and circulate it to banks operating in the country.
He explained that the points system, since its implementation, has aimed to increase the number of Emirati cadres at various administrative levels in banks, and to transform the careers of citizens from the level of marginal jobs to senior jobs in this sector.
The report, which was recently presented to the Federal National Council, confirmed the Ministry of Finance's interest in the Emiratisation file by continuing to develop and improve the points system and launching initiatives that would increase the number of citizens working in this sector, in addition to raising the level of national cadres and developing them to assume vital jobs in its senior administrations. He pointed out that the Central Bank issued instructions at the beginning of the Corona pandemic crisis that prevented reducing the salaries of citizens working in this sector due to the repercussions of the crisis.
He added that the Emiratisation points system also aims to develop and train national cadres working in the banking sector.
The system, in turn, qualifies the banks to reach the target number of points for each bank at the end of each year, as the points are determined for the bank according to the size of the operating profits of its business in the UAE.
The report stressed that the system does not target the employment of citizens in the banking sector from a “quantity” perspective, but rather focuses on the “quality” by setting mechanisms for job development and qualification for them.
He stated that the Emiratisation points system in the banking sector has proven remarkable success over recent years, as the number of national cadres working in this sector until the end of last year reached 10,44 employees, 30% of the total number of 33,444 bank employees. An employee, stressing that “this percentage is the highest in terms of Emiratisation in banks in the country during the last five years,” noting that “the banking sector is one of the largest sectors in the country in terms of employing citizens and creating opportunities.”
According to the report, the percentage of citizens occupying vital jobs in banks increased from 19.3% of the total bank employees at the end of 2018, to 23.7% in June of last year.
The percentage of citizens holding senior management positions in banks increased from 16.2% to 16.7%.
The percentage of citizens in middle management positions increased during the same period from 24% to 28.6%.
• “The banking sector is one of the largest sectors in the country in terms of employing citizens and creating opportunities.”
• “Emiratization by points aims to develop national cadres in the banking sector and increase them at administrative levels.”
3 levels of the "point system"
The Ministry of Finance confirmed that the “points system” represents a qualitative and structural shift in banking localization, which is one of the most important pillars of the state’s economy, especially since the citizens’ contribution to it bears utmost importance, as they are part of the current and future workforce, pointing out that “it is considered an effective and integrated system. To attract Emirati nationals to work in the banking sector, rehabilitate and retain them, and help them advance and advance in the career ladder to become future leaders according to an integrated and clear vision.
According to the ministry, the system of distributing the points earned is divided into three categories: senior jobs by awarding them (5) points, middle jobs (3) points, and executive jobs (one point), where financial fines are imposed against banks that did not commit to achieving the required points. , at a rate of 20 thousand dirhams for each missing point of the final product of the total target points of the bank.
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