Abu Dhabi Statistics Center announced that the net income of commercial and Islamic banks in Abu Dhabi amounted to 10 billion and 82 million dirhams during the fourth quarter of last year, compared to 10 billion and 90 million dirhams for the fourth quarter From 2018, a decrease of 8 million dirhams.
According to Al-Bayan newspaper, a report issued by the center confirmed that the net income of commercial and Islamic banks in Abu Dhabi for the last quarter of 2019 is distributed over 4.7 billion dirhams of net interest, 1.16 billion dirhams in net income for Islamic banks, 2.16 billion dirhams of investment income and two billion dirhams of other income .
The report indicated that the number of employees in Abu Dhabi banks declined from 12 thousand and 22 employees during the fourth quarter of 2018 to 10 thousand and 986 workers for the last quarter of 2019 by about 1036 workers.
The employee’s share of employee compensation increased from 41.6 thousand dirhams per month to 43.3 thousand dirhams per month for the fourth quarter of 2019. The average interest rate on the personal loan fell to 9.8%, and other loans and advances to 17.82%.
The interest rate on deposits was 0.2% up to a week, 0.53% up to a month, 0.54% up to two months, 0.66% up to three months, and 0.75 % For six months, 0.78% for a year, and 1% for more than a year, while the average interest rate on savings was 0.20%.
