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AED7.9 Billion Net Income Of Abu Dhabi-Based Banks In Three Months |
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The net income of Abu Dhabi-based commercial and Islamic banks amounted to around AED7.9 billion during Q1 2018, up 2.8 percent over the corresponding period of 2017. According to figures released recently by the Statistics Centre- Abu Dhabi, the net income of commercial banks operating in the UAE capital, reached AED6.56 billion by the end of the first three months of the year, a growth of 3.5 percent from AED6.34 billion during the first quarter of 2017. In the meantime, Islamic banks in the emirate, had their net income increased to AED1.32 billion during Q1 2018 from AED1.33 billion in Q1 2017. Conventional banks accounted for 83.1 percent of the net income secured by banks operating in the emirate during the period from January through March 2018, while Islamic Shari'a-compliant banks comprised the remaining 16.9 percent. The net income of the emirate-based banks hit AED7.815 billion during Q4 2017, an increase of 1.2 percent from AED7.725 billion, during Q3 of the same year. |
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