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FinancialNews
03-03-20
Net profits of Abu Dhabi-based commercial, Islamic banks amounts to AED40.3 billion
(MENAFN) In 2019, the net profit of Abu Dhabi-based commercial and Islamic banks totaled about AED40.3 billion reflecting ongoing momentum at one of the domestic economy's key enablers.
The joint financial income of these banks stood at about AED21.72 billion, which accounts for 53.9 percent of their total profits the year before, as official data showed.
The investment profits alone stood at about AED7.93 billion, comprising 19.6 percent of the total revenue.
The first quarter of 2019 witnessed an incredible mobility where the profits of the capital's banks totaled AED10.36 billion, before decreasing to AED9.6 billion in the second quarter; the total profits returned to AED10.24 billion in the third quarter, before reaching AED10.082 billion in the fourth quarter.
MENAFN0303202000450000ID1099791097
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