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NBF posts AED 155m net profit in 6M

NBF posts AED 155m net profit in 6M
The bank’s operating profit soared 18.5%
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Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) has reported a 6.4% year-on-year increase in net profit during the second quarter of 2018, recording AED 154.941 million.

In the first six months of the year, NBF’s net profit surged 10.4% year-on-year to AED 310.2 million, according to a bourse statement.

The bank’s operating profit soared 18.5% to AED 519.9 million during the period between January to June, compared to AED 438.06 in the prior-year period.

Revenue hiked 14.6% year-on-year to AED 768.7 million in H1-18, the bank’s data showed.