Abu Dhabi-Mubasher: National Bank of Fujairah (NBF) said its profits went up 1% in the first quarter of 2016, according to a bourse statement.
Profits reached AED 150.5 million ($40 million) in Q1-16, compared to AED 149.5 million ($40.70 million) in Q1-15.
Total operating income rose 14% to AED 336 million ($91.48 million) during the period, compared to AED 295 million ($80.32 million).
Customers’ deposits reached AED 23.1 billion ($6.289 billion) in Q1-16, an increase from AED 18.5 billion ($5.04 billion) in Q1-15.
The bank’s stock went up 14.9% to AED 5.3, with a turnover of AED 15.9 million generated from the trading of 3,000 shares.
