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.