The Statistics Center in Abu Dhabi reported that the net income of Abu Dhabi’s commercial and Islamic banks rose to 12.1 billion dirhams in the third quarter of 2021, compared to 10.3 billion dirhams in the same period in 2020, an increase of 17.5%.
In a report issued yesterday, entitled: “Abu Dhabi Banks Statistics in the Third Quarter”, the center explained that the increase in net income came as a result of the increase in net interest from 5.47 billion dirhams in the third quarter of 2020, to 5.67 billion in the third quarter of 2021, as well as The increase in the net income of Islamic banks from 1.04 billion dirhams to 1.17 billion dirhams during the same period, and the increase in other incomes of banks in the emirate from 2.44 billion dirhams to 4.03 billion dirhams, at a time when investment income decreased slightly from 1.29 billion dirhams in 2020 to 1.25 billion dirhams in 2021.
The report pointed out that the net interest of commercial banks in the emirate rose from 5.47 billion dirhams in the third quarter of 2020 to 5.67 billion dirhams in the third quarter of 2021, while the total interest received decreased from 7.68 billion dirhams to 7.20 billion dirhams, and the total interest paid from 2.2 billion dirhams to 1.5 billion dirhams during the same period.
The “Abu Dhabi Statistics” indicated that the number of employees in Abu Dhabi banks decreased from 10,501 employees in the third quarter of 2020 to 9,812 employees in the third quarter of 2021.
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