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FinancialNews


  • 21-07-19

    15 percent jump in National Bank of Fujairah net profit

    (MENAFN) Net profit of the National Bank of Fujairah jumped by 15 percent from April to June 2019, with a boost in income from cope operations and improvement in bad loans fell.

    During the second quarter of this year, the National Bank of Fujairah witnessed its net profit surge to stand at Dh189.45 million.

    According to the lender, it reached Dh487.4 million in its profit from Islamic financing, investments and interest to climb from last year's Dh434.5 million.

    Meanwhile, net impairment losses registered a decrease by 13.7 percent during the period.

    NBF deputy chairman Easa Saleh Al Gurg stressed that the lender witnessed those results "in the face of low economic activity in the market."

    MENAFN2107201900450000ID1098782822

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