12,851 UAE nationals in banking sector; a 3.3% growth to 34.4% in 2009

: 1/1/2010
Ahmed Humaid Al Tayer, Chairman of human Resources Development Committee in ​Banking and Finance Sector (HRDC – BF) said that despite the prevailing economic circumstances and their implications on job opportunities in the local market represented in the companies’ actions reorganizing and halting new appointments. However, Emiratization process in banking sector achieved results could be described as good complied with an increase of 3.3% in the number of the UAE nationals working in banking sector in 2009. He added, “The increase in the number of the nationals in banks during last year participated in increasing Emiratization rate in the sector to 34.4%, drawing the attention that such rate differs from a bank to another.”

Al-Tayer indicated in a press conference organized at Emirates Institution of Banking and Financial Studies (EIBFS) in Sharjah yesterday that banking and finance sector achieved positive results at the end of the year 2009 in respect of supporting Emiratization policies as the number of bank branches increased by 50 branches and the total number of the nationals [males and females] increased to reach 12851 at increase of 3.8% than that of December 2008 whereby the total Emiratization rate increased by 3.3% to reach 34.4%.

He indicated that 16 banks attained over 4% Emiratization rate, a matter in line with the Cabinet’s Resolution No.10/98 on increasing Emiratization rate by 4% annually and appreciated the bank cooperation and response in this respect.

Commenting of Emiratization results in insurance sector, Al Tayer indicated that the sector did not attain considerable results in this respect as the indicator of Emiratization decrease by – 0.07% to reach 6.01% and that’s only 43 insurance companies out of about 50 companies attained 5% Emiratization rate annually according to the Cabinet Resolution No.202/2 of 2003, assuring that the officials of the insurance companies should double efforts and work to national human resources and alleviate Emiratization rate in their companies.

The Chairman of HRDC – BF drew the attention that banking sector needs further efforts to increase Emiratization rate despite the increase in the total number of the branches, employees and nationals in money exchange sector but, the indicator of Emiratization decreased by – 0.15% to reach 5.37% and that there are 4 exchange companies are void of UAE national employees. On the other side, the members of the Committee considered the rest of the agenda items among them organization of the 12th National Exhibition of Employment in Banking, Finance and Governmental Sector on February 24, 2010 at Sharjah Expo Centre under the patronage of H.H. Sheikh Dr. Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council, Ruler of Sharjah.

HRDC – BF discussed in its meeting yesterday several important matters in respect of Emiratization process and handled achievement of the Committee in supporting Emiratization policies in banking and finance sector; among them the indicators of Emiratization in banking and finance sector. The meeting covered special matters in the field study prepared by the Committee on reasons leading the nationals to resign their jobs in banking and finance sector. The study arrived at important results and recommendations in this respect. The members of the Committee tackled the matter of designing a website for the Committee to contain its services and activities in addition to affecting electronic communication with the public, receipt of employment applications and indicators of Emiratization in banking and finance sector. The last item of the agenda handled special report on the activities and programs directed to the insurance sector in 2009 aimed to support Emiratization policies in collaboration with the Insurance Authority and other institutions.

From his part, Jamal Al Jassmi, rapporteur of the committee, Director General of Emirates Institution of Banking and Financial Studies said that increase in Emiratization rate 3.3% in banking sector reaching 34.4% did not come out of the blue but due to the joint efforts of the bank’s officials and their programs directed to support Emiratization the close follow up by the Committee and the ongoing communication between them. From this point, AL Jassmi presented his thanks and appreciation to all those concerned with banking sector, hoping that finance sector represented by the insurance companies, money exchange and finance would attain similar success and exert more effort to support Emiratization rate. He said, “Data indicated that there is progress in the post of branch manager as the related Emiratization rate increased by 2.8% to reach 71.3% as well 13 banks attained 100% Emiratization rate in this post”, and indicated that Emiratization of the leading posts and higher management is a goal sought by the Committee in particular. He appreciated the efforts of the banks to Emiratize the leading posts among that the post; of branch manager.

On the other side, in respect of the reality of woman working in Bank sector AL Jassmi indicated, “We are monitoring Emiratization figures and indicators in this respect and noted that there is ongoing progress each year in the rates and numbers of females in banking sector in particular and in finance sector in general as results indicated that UAE females are representing 53% of the total females in December 2008 as their rate increased to reach 58% in December 2009 and also the rate of UAE females increased to 69% of the total number of nationals in December 2009 compared to 68% in 2008.”

Al Jassmi said, “I believe, if we tried to find the reasons leading to the resignations of the nationals, it’s possible to tract some of these and draw some other resignations. This would support Emiratization rate in banking by 50%.”

Concerning the number of national resigning from banking sector in 2009, AL Jassmi indicated that the decrease in the number of the nationals resigning their job is good indication and supports the theory of job stability among nationals and eliminate their shift between banks as the total number of the resigning nationals in 2009 reached 2,453 (males and females) compared with 3,097 in 2008 and hoped that the number will decrease more and more in the next year.

Concerning the results of Emiratization in insurance, money exchange and finance sectors Al Jassmi said, “The results are unsatisfactory and need to be discussed seriously with the officials of sectors as no other alternatives, but to alleviate Emiratization rate in these sectors.”

Distribution of UAE nationals according to administrative levels in banks:

The number of the national in higher management increased by 27& as their number reached 535 [males and female] while their number in the middle management decreased by -3.8% to amount 2,371. Meanwhile, their number in the lower level increased by 11.5% as their number reached 9949. Higher management acquires 4.2% of the total nationals and the middle management 18.5% of the total nationals and he lower level 77.3% of the total.

Comparison between National and Foreign Banks:

National banks acquired greater number of the national employees compassed with the foreign banks as there are 9086 male and female nationals working for the national banks representing 71% of their total, while there are 3,508 national working for the foreign banks. Foreign banks scored highest Emiratization rate at 35.75% as compared with 33.9% of the national banks. However Emiratization in National Banks increased to reach 33.9% in December 2009 with a difference of +3.4%.

Reality of woman working in banks:

The total number of the female employees in banking sector reached 15,284 representing 40.9% of the sectors total employees in 1.5% increase than their number in December 2008 of their total number amounting 15,051. The number of the female national employees in banking sector amounted around 8814 in an increase of 11% than their number in December 2008 amounting 7,956. The female national employees represented 58% of the total female employee in banking sector, while the male national employees represented 6.23% of the total employees of same sector.

National Transfers:

The total number of the nationals who resigned their job during the year 2009 around 2453 male and female employees as compared to 3097 in the year 2008.

Emiratization in Insurance Sector:

Concerning insurance sector, the number of the insurance branches operating in the State reached 182 in an increase of 10.3% than that of December 2008 and the total number of the employees in the insurance sector reached 6,803 [male and female employees] in an increase of 3.4% in December 2008 [409 nationals in an increase of 2.25%]. The total Emiratization rate decreased by 0.07% to reach 6.1% and compared by 6.08% in December 2008.

UAE nationals Distribution in the administrative levels of the insurance sector:

The number of UAE nationals in higher management increased by 15% to reach 23 male and female. Also, their number in the middle management increased 6% to reach 83 and in the lower management they increased by 0.3% to reach 303 male and female. Meanwhile, the nationals occupying higher management represented 5.6% of the total national employees 20% in the middle management and 74.4%in the lower levels.

Reality of women working in insurance sector:

The total number of the female employees in insurance sector amounted 2201 representing 32.4% of the total employees of the insurance companies, while the number of the female national employees in the insurance sector reached around 324 in an increase of 4.5% than their number in December 2008. Their distribution as follows:

-         79.2% of the total number of the nationals working in insurance sector are female nationals

-         14.7% of the total number of the females in insurance sector are female nationals

-         7.4% of the total number of the employees in the insurance sector are female nationals

Nationals Transfers:

The number of UAE nationals who resigned their job in required the insurance companies during 2009 reached around 150 male and female representing 37% of the total number of the sector’s national employees amounting 409 male and female nationals.

Money Exchange:

In money exchange sector, the number of the nationals occupying the higher management posts increased by 10% to amount 65 (male and female) while their number in the middle management decreased by 5.3% to reach 196 and their number in the lower management increased by 25% to reach 161. The middle management in money exchange sector encompassed greater number of nationals compared with the others organizational levels (47% of the total.)

In the field of finance sector, the number of the branches of financing companies remained same at 32. Meanwhile, the total number of employees in the finance sector decreased by 32% to reach 138 [male and female]. Meanwhile, the total Emiratization rate increased by 0.16% to reach 10.93% as compared to 10.77% in December 2008.

The number of the nationals who resigned their jobs in 2008 reached 46 [male and female] representing 3.6% of the total number of the employees and 33% of the total number of the nationals working for finance companies.

13 banks attained 100% Emiratization rate of branch manager post:

Dubai Islamic Bank, Royal Bank of Scotland, Emirates Islamic Bank, Royal Bank, Standard Chartered Bank, Fujairah National Bank, Ajman Bank, Hilal Bank, City Bank in addition to Dubai Bank and Samba Financial group.

Money Exchange Sector:

Numbers and percentage rate of the employees as from December 2008 to December 2009:

1.     The total number of the branches of the money exchanges increased by 37 to reach 554 in an increase of 7% compared with 517 branches in December 2008.

2.     The total Emiratization rate decreased by -0.15% to reach 5.37%.

Insurance Sector:

-         There are 183 branches operating in the State in an increase of 10.3% than that of December 2008.

-         The total Emiratization rate decreased by -0.07% to reach 6.01% as compared with 08.6% in December 2008.

Banking Sector:

-         The number of the branches of banks increased by 50 at a rate of 6.6%.

-         The total number of the [male and female] employees in the banking sector decreased by 1.6% to reach 37,340

-         The total number of the national employees increased by 1043 to reach 12851 at a rate of 8.8% of their number in December 2008.

-         The total Emiratization rate increased by 3.3% to reach 34.4%.

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