The financial results of the National Bank of Fujairah (NBF), listed on the Abu Dhabi Securities Exchange (ADX), showed a net profit worth AED 369.2 million in the first nine months of 2014 against AED 286.4 million in the same period of 2013, registering a 28.9% increase.

The results, published on the official ADX website revealed that the NBF’s operational profit reached AED 465.4 million this year, compared to AED 402.6 million in the same period of 2013, rising by 17.3%.

The Bank’s Non-performing loans (NPLs) leveled down to 4.7% against 6.1% in September 30, 2013.

Total loans and advances amounted to AED 15.9 billion out of AED 13.8 billion by the end of 2013, a 14.8% increase, registering a rise by 17.2% compared to the same period of September 30, 2014.

Total deposits reached AED 16.5 billion in 2014 against AED 15 billion by the end of 2013, a rise by 9.8%, increasing by 24.2% compared to the same period ending September 30, 2014.