Media ININ Economy We Trust
Media IN Abu Dhabi, 30th May, 2019 WAM
Total net interest earnings operating in the Emirate of Abu Dhabi grew to circa AED8.00 bn in Q1-2019, a growth of 12 percent on year, figures by the Statistics Centre-Abu Dhabi, have showed.
The increase in total revenues of the UAE capital’s Sharia-compliant and conventional banks is reflective of the continuing momentum recorded on the sector, considered a key driver of national economy, the SCAD noted.
In more detail, net interest income of commercial banks hit AED6.7 bn, accounting for 83 percent of the sector’s total earnings, with the Islamic banks’ standing at AED1.3 bn.
The employee population in all Abu Dhabi-based banks stood at 11,871, with the average compensation per employee rising 5.7 percent to AED43,411 in Q1-2019 from AED41,057 in the comparable period of 2018.
