The net income of commercial and Islamic banks in the Emirate of Abu Dhabi reached 9.6 billion dirhams during the first quarter of the year 2020.

According to the Emirates News Agency, the latest figures released by the Abu Dhabi Statistics Center showed that the net income of traditional Abu Dhabi banks from interest and investment reached 8.5 billion dirhams, accounting for 88.5%. Of the total income of the sector, while 12.5% ​​of the net income came from Islamic banks.

Income statistics details show that net interest reached 8.856 billion dirhams in the first quarter of 2020, while investment income reached approximately 1.5 billion dirhams and 1.1 billion dirhams net income Islamic banks and 2.14 billion dirhams of other income.

The number of employees at Abu Dhabi Commercial and Islamic Banks at the end of the first quarter of this year reached 10886 employees, according to Statistics Center numbers.

In terms of compensation for workers in the sector, which include wages, salaries, cash rewards, and benefits in kind granted to workers in Abu Dhabi banks, the Statistics Center report showed that the worker’s share of total compensation reached 43144 Dirhams during the first quarter of this year compared to 43,411 dirhams in the first quarter of the year 2019.