Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around 9.55 billion dirhams (SR9.7 billion approximately) in the second quarter of 2020, according to data issued by the Statistics Centre-Abu Dhabi (SCAD). The net income of traditional (commercial) banks in Abu Dhabi from interests, investments, and other sources of income totaled 8.5 billion dirhams, accounting for 89 percent of the sector's total income, while Islamic banks comprised the remainder. The statistics also show that the total value of net interests was 4.88 billion dirhams in the second quarter against 3.956 billion dirhams in the corresponding quarter of 2019. The investment income amounted to 1.366 billion dirhams, other sources of income for 2.25 billion dirhams, while Islamic banks' net income reached 1.05 billion dirhams. In terms of wages, salaries, cash compensations, and in-kind benefits, the data pointed out that the employee's share of total compensations amounted to 37,305 dirhams in the reference period, compared to 38,211 dirhams for the corresponding period in 2019. A total of 10937 employees are working in these banks, according to the SCAD. — WAM