Abu Dhabi banks' earnings total $8.39bn in 2017
The total earnings of commercial and Islamic banks in the emirate of Abu Dhabi surged to Dh30.83 billion ($8.39 billion) in 2017, according to figures released recently by the Statistics Centre-Abu Dhabi.
The total earnings of commercial banks headquartered in the capital reached Dh25.53 billion by the end of 2017, accounting for 82.8 percent of the total earnings accrued, with Islamic banks posting 17.2 percent thereof, a Wam news agency report said.
The fourth quarter of 2017 witnessed the highest performance, with net earnings totalling Dh7.815 billion, a growth of 1.25 percent from Dh7.725 billion in Q3.
During Q2, the total earnings of Abu Dhabi banks amounted to Dh7.60 billion against Dh7.67 in Q1.
The statistics showed that the average compensation of employees reached around Dh41,681 in 2017 against Dh41459 in 2016.