Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) saw a rise in its profits by 24.5% year-on-year during the second quarter of 2017, according to a statement.
Net profits amounted to AED 154.941 million in Q2-17, compared to AED 124.6 million in Q2-16.
Operating revenues went up 4.5% year-on-year to AED 346 million in the second quarter of 2017 from AED 322.6 million posted in the same period of 2016.
Provisions declined from AED 82 million in Q2-16, compared to AED 71.6 million in Q2-17.
In the first half of 2017, profits rose 2.15% to AED 275.10 million as compared to AED 275.10 million in the prior-year period.
Loans and advances grew 5.2% to AED 24 billion in H1-17, compared to AED 22.82 billion in H1-16.
On the other hand, customers' deposits fell 2.8% to AED 25.28 billion in H1-17 from AED 26 billion in H1-16.
