Abu Dhabi banks’ income rises 3% in 9M

Abu Dhabi – Mubasher: Net income for commercial and Islamic banks operating in the emirate of Abu Dhabi grew by 3.2% year-on-year in the first nine months of 2018 to AED 23.7 billion from AED 23 billion, data released by the Statistics Centre - Abu Dhabi (SCAD) showed.

Net income from investment for Abu Dhabi banks grew 18.7% year-on-year to AED 3.84 billion between January and September, SCAD said, noting that Islamic banks accounted for 15% of this value.

In the first half of the year, net income for the emirate’s banks had increased by 8.4% to AED 16.6 billion from the prior year.

Mubasher Contribution Time: 05-Dec-2018 16:42 (GMT)
Mubasher Last Update Time: 05-Dec-2018 16:42 (GMT)