National banks accounted for 93% of them

484 new employees appointed in state banks in a month

The Emiratization rate in the banking sector is one of the highest among the economic sectors. Archival

Banks operating in the country appointed 484 new main employees in March, with national banks accounting for 93% of the number of new employees (452), while the remaining percentage went to their foreign counterparts equivalent to 32 employees.

Data issued by the Central Bank yesterday showed that the total number of key employees in national banks reached 29,189 employees by the end of March, constituting 80% of the total bank employees, compared to 28,737 employees at the end of February, an increase of 452 employees.

The data showed that the share of foreign banks amounted to 20% of the total employees of the sector, equivalent to 7125,2023 employees at the end of March 7093, compared to 2023,<> employees at the end of February <>.

Increased employment

An informed banking source told Emirates Today, who preferred not to be named, that it is expected that the banking sector in the country will witness a significant increase in the employment of citizens, as it was announced that 5000,2026 jobs for citizens will be found in vital jobs in banks by 45 to reach the Emiratization rate in banks to <>%. He added that the month of March witnessed the employment of a number of citizens based on the plans set, pointing out that the appointees are key and new employees to cover the target during the first quarter of this year.

The source expected the number to continue to rise during the rest of the year, especially in light of the Central Bank's management continuous monitoring of this vital file.

Commercial Banks

In addition, the Central Bank's data indicated that the number of licensed commercial banks in the country reached 61 banks at the end of the first quarter of this year, including 22 national banks and 39 foreign banks.

The number of bank branches reached 566 branches at the end of the first quarter of this year, distributed by 494 branches of national banks and 72 branches of foreign banks. The number of electronic banking service units of national banks increased to 47 units by the end of the first quarter of this year, while the number of exchange offices reached 21, while the number of electronic banking service units for foreign banks remained at 21 units.

Settlement

It is noteworthy that the rate of Emiratization in the banking sector in the country is one of the highest among the various economic sectors, as banking work attracts a large number of experienced and graduates due to its advantages and strong training opportunities. A number of national banks succeeded in raising the Emiratisation rate to 38% by the end of the first quarter of this year, while updated data on the percentage in the banking sector is not available until the end of the comparison period.

AED 17.4 billion gold balance

Data from the Central Bank showed that the total balance of gold owned by the bank as an asset rose to 17 billion and 413 million dirhams at the end of last March, compared to 15 billion and 910 million dirhams at the end of the previous February, a monthly increase of 1.5 billion dirhams, equivalent to a growth of 9.4%.

5000

A job for citizens in vital jobs in banks by 2026.