National Bank of Fujairah PJSC (NBF) registered a net profit of AED 239.5 million for the half year ended 30 June 2014 compared to AED 183.5 million in the corresponding period of 2013; a jump of 30.5 per cent.
Operating profit was AED 304.6 million compared to AED 260.3 million in the corresponding period of 2013; a rise of 17.0 per cent. While the total assets of AED 23.5 billion were up 9.4 per cent from AED 21.5 billion at 2013 year end, and up by 27.8 per cent from 30 June 2013.
Sir Easa Saleh Al Gurg, KCVO, CBE Deputy Chairman said, “We are pleased to report yet another splendid set of 2014 half year results, underscoring the bank’s steadfast efforts at enhancing its core business, service delivery and product offerings. During this period, it has also been good to see our efforts recognised by a number of external bodies, such as Banker Middle East, the Etihad Credit Bureau, and most importantly our customers.” He added, “NBF’s solid set of financial results, healthy liquidity, strong capital adequacy and prudent business strategy continue to form the foundation of its future growth. We remain focused on supporting the development of the UAE economy and enhancing the bank’s position as the partner-of-choice for businesses in the country, and look forward to capitalising on new market opportunities and scaling ever greater heights with our customers and shareholders.”
Source : WAM News Agency for United Arab Emirates
