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National Bank of Fujairah sees loan growth in double digits this year
Total assets increased 17.6 percent, while loans and advances rose 16.1 percent
UAE lender aims to refinance existing facility maturing this month
Move comes as Islamic banks have been growing faster than their conventional peers across the Middle East
Non-banking entity to help facilitate trade between UAE and Asia, says bank
Local lender will replace British bank on the United Arab Emirates' interbank rate setting panel
The government backed lender also saw a reduction in loan loss provisions
National Bank of Fujairah establishes team focused on financing both manufacturers and traders
Lender records profit of $28.3m last year despite a decline in operating income.
Sources say National Bank of Fujairah has been chosen to sit on interbank lending rates panel
UAE-based bank records full-year loss for 2008 on investment losses.
National Bank of Fujairah expects double-digit loan growth amid buoyant demand for services
101 Computers donated by bank to Dubai Municipality scheme to refurbish and reuse hardware.
Asad Ahmed, general manager of National Bank of Fujairah, explains how a focused approach to expansion can generate big rewards for smaller banks.
The DMCC's Dubai Commodity Receipt (DCR) enables National Bank of Fujairah to finance port contractor.
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