Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) on Monday reported a 1.5% increase in net profit during the fourth quarter of 2017 to register AED 71 million, compared to AED 70 million in the year-ago period.

NBF’s net profit surged 2.5% to AED 472 million in 2017 from AED 460 million the previous year, according to a bank statement.

The bank’s operating profit soared 5.5% to AED 913.6 million in the last four quarters versus AED 866 million a year earlier, NBF’s data showed.

Non-performing loans (NPLs) recorded 5.53%, in comparison with 4.95% on 31 December 2016.

Meanwhile, the UAE-based bank’s assets reached AED 36.7 billion in the last year, rising 2.9% year-on-year, while equity increased by 6.8% YoY to AED 4.9 billion.