Abu Dhabi banks post 30.83 billion dirhams in aggregate earnings for 2017

First Abu Dhabi Bank was formed with the merger of First Gulf Bank and National Bank of Abu Dhabi on April 1, 2017.

DUBAI: Abu Dhabi banks recorded 30.83 billion dirhams worth of earnings in 2017, data recently released by Statistics Center-Abu Dhabi (SCAD) show.
The earnings of commercial banks headquartered in the capital reached 25.53 billion dirhams, accounting for 82.8 percent of the total, while Islamic lenders contributed the rest.
The government statistical agency said the figures were gathered “to identify the characteristics of banking activities in the emirate,” with the information being used “to support the development of the banking and investment sectors in the capital.”
Abu Dhabi banks reported the best performance during the last quarter to the year, with the combined net earnings of 7.82 billion dirhams during about 1.25 percent higher compared with the 7.73 billion dirhams earning during the previous quarter.