Abu Dhabi – Mubasher: The net income of banks operating in Abu Dhabi reached AED 30.83 billion during the full-year 2017, according to a recent report by the Statistics Centre in Abu Dhabi (SCAD).
The net income of commercial banks operating in the emirate amounted to AED 25.53 billion by the end of last year, making up 82.8% of the total net income, while sharia-compliant banks acquired the remaining 17.2%, the report said.
The net income of Abu Dhabi-based banks hit highest in the fourth quarter of 2017 after going up 1.25% to AED 7.815 billion, the data showed.
