Abu Dhabi banks secure AED30.83 billion total earnings in 2017

ABU DHABI, The total earnings of commercial and Islamic banks in the Emirate of Abu Dhabi surged to AED30.83 billion in 2017, according to figures released recently by the Statistics Centre-Abu Dhabi.

The total earnings of commercial banks headquartered in the capital reached AED25.53 billion by the end of 2017, accounting for 82.8 percent of the total earnings accrued, with Islamic banks posting 17.2 percent thereof.

The purpose of these indices of figures is to identify the characteristics of banking activities in the emirate and present the necessary information in order to support the development of the banking and investment sectors in the capital.

According to the figures, the 4th quarter of 2017 witnessed the highest performance, with net earnings totaling AED7.815 billion, a growth of 1.25 percent from AED7.725 billion in Q3.

During Q2, the total earnings of Abu Dhabi banks amounted to AED7.60 billion against AED7.67 in Q1.

The statistics showed that the average compensation of employees per worker reached around AED41681 in 2017 against AED41459 in 2016.

Source: Emirates News Agency