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NBF profits decline 34% in Q4

NBF profits decline 34% in Q4
(Photo credit: Bank's website)
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Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) posted on Wednesday a net profit of AED 69 million ($125.2 million) for the fourth quarter of the fiscal year 2016, 34.2% down from AED 104.8 million ($28.5 million) for Q4-15.

Net profit for the fiscal year 2016 declined 17.7% to AED 460 million from AED 558.8 million for fiscal 2015, according to a bourse filing.