8 billion dirhams, net entered Abu Dhabi banks in the first quarter

A report of the Statistics Center in Abu Dhabi revealed that the commercial and Islamic banks that are based in Abu Dhabi, recorded a total income of 17.949 billion dirhams during the first quarter of this year, at a time when a net income of 8.066 billion dirhams recorded, while net benefits amounted to 6.514 billion dirhams, forming the largest part of the income by 36.3%.

The report also showed that the number of workers in Abu Dhabi banks increased to 12 thousand and 675 employees, an increase of 485 employees over the first quarter of 2024.

In detail, the Statistics Center in Abu Dhabi stated that the net income of banks that are based in Abu Dhabi in the first quarter of this year 2025 amounted to 8,066 billion dirhams, compared to 7.630 billion dirhams during the first quarter of 2024, an increase of 436 million dirhams.

The center explained in a recent report issued yesterday, entitled “Statistics of Banks, the first quarter of 2025”, that the total income of commercial and Islamic banks in Abu Dhabi during the first quarter of this year amounted to 17.949 billion dirhams, compared to 13.996 billion dirhams during the first quarter of 2024, an increase of three billion and 953 million dirhams.

In turn, the net benefits amounted to 6,514 billion dirhams, the problem of the largest part of the income, by 36.3% of the total income, while the net income of Islamic banks reached 1.552 billion dirhams, while the investment income reached 3.949 billion dirhams, and the rest is income from other sources.

The report showed that the number of workers in Abu Dhabi banks increased to 12 thousand and 675 employees, compared to 12 thousand and 190 employees in the first quarter of last year 2024, an increase of 485 employees.

The value of the worker’s share of compensation for workers in the banks operating in the Emirate of Abu Dhabi in the first quarter increased to 48 thousand and 320 dirhams, compared to 45 thousand and 529 dirhams during the same period last year.

According to the report, the rate of interest rates on deposits, loans and predecessors in Abu Dhabi banks stabilized at 9% for the personal loan, 7% for the commercial loan, 10% for withdrawal on the open, 6% for the receipts of the Secretariat, and 18% for loans and other predecessors, while the rate of interest rates on the savings for savings reached 0.25% in the first quarter of this year, compared to 0.27% in the first quarter of last year.