Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) posted a decline in its profits by 20.5% year-on-year in the first quarter of 2017, according to a bourse statement.
Profits reached AED 123.39 million ($33.59 million) in Q1-17, compared to AED 102.40 million ($27.87 million) in Q1-16.
Total revenues grew 17.8% year-on-year to AED 151.86 million in Q1-17, while operating expenses went up 4.1% year-on-year to AED 42.52 million.
