The total earnings of Abu Dhabi’s commercial and Islamic banks rose to AED 30.83 billion ($8.39 billion) in 2017, according to new data from the Statistics Centre, Abu Dhabi.
Of the total, commercial banks in Abu Dhabi accounted for 82 percent, or AED 25.53 billion ($6.89 billion), while Islamic banks accounted for 17.2 percent.
According to the figures, the fourth quarter of 2017 saw the highest performance, with net earnings of AED 7.815 billion ($2.13 billion), a 1.25 percent increase from the AED 7.725 billion ($2.1 billion) seen in the third quarter the year.
In the second quarter of 2017, earnings amounted to AED 7.6 billion (2.07 billion), compared to 7.67 billion in Q1 ($2.09 billion).
The statistics also show that the average compensation of workers was approximately AED 41,681 ($11,348), compared to AED 41,459 ($11,287) in 2016.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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