Abu Dhabi-Mubasher: National Bank of Fujairah reported a 19% profit decline year-on-year in the second quarter of 2016, according to a bourse statement.

Net profits reached AED 124.6 million ($34 million) in Q2-16, compared to AED 154.1 million ($42 million) in Q2-15.

Profits reached AED 275.103 million in H1-16, compared to AED 303.556 million in the prior-year period.

Provisions also grew 70.7% to AED 82.130 million in H1-16, compared to AED 48.12 million in H1-15.