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FinancialNews


  • 10-12-19

    Abu Dhabi: net income of commercial, Islamic banks AED15 billion

    (MENAFN) The latest statistics released by the Statistics Centre - Abu Dhabi, SCAD showed that, the net income of commercial and Islamic banks operating in Abu Dhabi valued to around AED15 billion through the first half of 2019, representing 58 percent of total net income in 2018.


    The banking sector in Abu Dhabi and the UAE, are considered main financial enablers to the national economy.


    The net income of traditional banks from interests and investments got to AED12.45 billion, accounting for 83 percent of the total income of the sector as 13 percent came from Islamic banks.


    According to the statistics, at the end of the first half of this year, the amount of people employed by Abu Dhabi commercial and Islamic banks was 11,768.

    MENAFN1012201900450000ID1099398196

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