Abu Dhabi - Mubasher: The National Bank of Umm Al Qaiwain (NBQ) announced its financials for FY14 in its filing to the Abu Dhabi Securities Exchange (ADX) today. The bank reported a net profit increase by 4.3% to AED 383.7 million against AED 368 million during FY13.

Earnings per share (EPS) rose from AED 0.22 to AED 0.23 during the period.

Revenues stood at AED 664.45 million against AED 659.9 million during 2013. Assets also rose to AED 13.29 million during 2014 compared to AED 12.49 million during the previous year.

Operational profits before provisions reached AED 406.3 million against AED 323.97 million the year before.

NBQ had reported a slight increase of four percent in net profit during the first nine months of 2014 compared to figures from the same period a year earlier. Moreover, it had reported a 10.3% Q-o-Q profit-growth for the Q3-14.

NBQ’s capital amounts to AED 1.68 billion divided on 1.68 billion shares at par value AED 1 per share. The Bank has 10 branches across the UAE.