Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) posted a 15.3% year-on-year jump in profits for the first quarter of 2019.

Net profits reached AED 167.6 million in Q1-19, compared to AED 145.4 million in Q1-18, according to the bank’s statement to the Abu Dhabi Securities Exchange (ADX) on Wednesday.

Operating profits of the Abu Dhabi-based lender increased by 15% to AED 285.1 million during the first three months of 2019, versus AED 248 million in the same period of the previous year.

However, NBF’s operating income levelled up 12.5% year-on-year to AED 415.5 million in the three-month period ended last March, the statement added.

NBF’s assets inched up 0.7% to AED 40 billion in Q1-19, compared to AED 39.8 million in Q1-18.