International Finance
Banking

Abu Dhabi banks signal high performance in Q4 2017

Islamic banking, commercial banks, Abu Dhabi, economy, banking revenue, Statistics Centre
The Statistics Centre Abu Dhabi research findings show a total revenue of US$8.39bn in the fourth quarter, a remarkable rise from the start of 2017

Commercial banks and Islamic banks in Abu Dhabi have reported a total revenue of US$8.39bn in 2017, according to Statistics Centre’s recent data findings.

Commercial banks in Abu Dhabi account for a greater share—82% of the total revenue, which estimates to US$6.89bn, and Islamic banks hold 17.2% of the revenue.

In the third quarter, the net earnings was valued at US$2.1bn with a gradual rise of 1.25% towards the fourth quarter. Referring to the data, the highest performance was seen in the last quarter at US$7.815bn.

The statistics for the first and second quarter of 2017 was US$2.09bn and US$2.07bn, respectively.

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