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NBF’s profit hikes 10.7% YoY in 9M

NBF’s profit hikes 10.7% YoY in 9M
Operating income grew by 8.4% YoY
NBF
NBF
-0.19% 5.29 -0.01

Abu Dhabi – MubasherNational Bank of Fujairah (NBF) has reported a 10.7% year-on-year profit hike during the first nine months of 2019, recording AED 511.6 million.

Operating income grew by 8.4% to AED 1.28 billion in the nine-month period ended September, compared to the year-ago period, according to a bourse statement.

Meanwhile, operating expenses rose by 11% YoY from January to September, compared to the year-ago period.

In the first six months of 2019, the Abu Dhabi-listed bank reported a 15.1% YoY growth in net profit.