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Abu Dhabi – Mubasher: Net income for commercial and Islamic banks operating in the emirate of Abu Dhabi grew by 3.2% year-on-year in the first nine months of 2018 to AED 23.7 billion from AED 23 billion, data released by the Statistics Centre - Abu Dhabi (SCAD) showed.
Net income from investment for Abu Dhabi banks grew 18.7% year-on-year to AED 3.84 billion between January and September, SCAD said, noting that Islamic banks accounted for 15% of this value.
In the first half of the year, net income for the emirate’s banks had increased by 8.4% to AED 16.6 billion from the prior year.
Source: Mubasher
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