Abu Dhabi banks’ income is Dhs9.55 billion

SourceGulf Today
SectorFinancial Services
CountryUnited Arab Emirates

Abu Dhabi banks’ income is Dhs9.55 billion 8 hours ago The total value of net interests was Dhs4.88 billion in the second quarter against Dhs3.956 billion in the corresponding quarter of 2019. WAM Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around Dhs9.55 billion in Q2 of 2020, according to data issued by the Statistics Centre-Abu Dhabi (SCAD). The net income of traditional (commercial) banks in Abu Dhabi from interests, investments and other sources of income totalled Dhs8.5 billion, accounting for 89 per cent of the sector’s total income, while Islamic banks comprised the remainder. The statistics also show that the total value of net interests was Dhs4.88 billion in the second quarter against Dhs3.956 billion in the corresponding quarter of 2019. The investment income amounted to Dhs1.366 ...read more...