UAE's National Bank of Fujairah 2012 profit up 8.9%

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The UAE's National Bank of Fujairah (NBF) said 2012 full year net profits increased 8.9 percent to AED305.8m (US$83.3m) compared to AED280.9m a year earlier, the lender said.

Total assets increased 17.6 percent to AED17.5bn while loans and advances rose 16.1 percent to AED12.2bn. Cash dividends of 10 percent of paid-up capital have been recommended, NBF said in a statement Sunday.

“In view of the solid performance, I, on behalf of the Board of Directors, am pleased to recommend a distribution of profits, in the form of cash dividends, of 10 per cent of paid-up capital,” said NBF chairman Sheikh Saleh Bin Mohammed Al Sharqi.

Operating income for the 12-months ending 31 December increased 16.7 percent while deposits rose 20.3 percent to AED12.4bn.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Most Discussed
  • 8
    Has Narendra Modi already lost the plot?

    Do something for your country instead of giving an overview from outside the country. This article does not have indepth view of the policies announced... more

    Thursday, 26 March 2015 2:47 PM - umas
  • 4
    Nakheel PR: The toughest job in Dubai?

    I would suspect the damage is done. Nakheel should have put its customers first and made them allies. Instead, it has treated them as second-class citizens... more

    Friday, 27 March 2015 2:42 AM - Chris
  • 3
    Drunk passenger who slapped air stewardess jailed in Dubai

    @Nezaud is 100% correct. Infact I think it is utter hypocrisy for airlines to complain about Drunken passengers when it is they (the airlines) who are... more

    Friday, 27 March 2015 2:42 AM - Robert Carter