UAE banks’ revenues to hit $25bn by 2030 amid digital transformation: Senior official  

RIYADH: Banks in the UAE are set to witness 52 percent growth in their revenue to about $25 billion by 2030 as the financial sector undertakes widespread digital transformation practices to improve customer experience, said a senior official of the UAE Banks Federation. 

Speaking at the Abu Dhabi Finance Week earlier this week, Abdulaziz Al-Ghurair, chairman of the UAE Banks Federation, said the transformation has led to the region’s leading banks registering nearly 95 percent of digital transactions, out of which over 90 percent was done over mobile phones.