Abu Dhabi banks net Dh7.8b in earnings in fourth quarter

Commercial and Islamic Abu Dhabi-based banks saw a 6.4 per cent increase in net earnings to reach Dh7.8 billion during the fourth quarter of 2014 compared to the same time in 2013, with employee numbers increasing 13.9 per cent in the quarter. A report released by the Statistics Centre Abu Dhabi (Scad) on Wednesday showed that the gross income of commercial banks represented 83.1 per cent of net earnings of all banks. Islamic banks’ gross income made up 16.9 per cent of the net earnings figure