NBF’s profit jumps 30% in 2018

NBF’s profit jumps 30% in 2018
NBF’s net profits amounted to AED 615.3 million from January to December 2018
NBF
NBF
11.94% 4.78 0.51

Abu Dhabi – Mubasher: The UAE-based National Bank of Fujairah (NBF) on Monday reported a 30.4% year-on-year profit increase during the full-year 2018.

NBF’s net profits amounted to AED 615.3 million from January to December 2018, up from AED 472 million a year earlier, according to a statement to the Abu Dhabi Securities Exchange (ADX).

The Emirati lender’s total value of operating profits reached AED 1.052 billion in 2018, up from AED 913.6 million a year earlier.

The bank’s net profit increased by 15.1% to AED 462.1 million during the January-September period of 2018, compared to AED 401.4 million for the same period last year