[ad_1]
The profit of the National Bank of Fujairah amounted to 310.2 million in the first half compared to the same period in 2017. The profit of the second quarter increased by 13.4% to AED 164, 8 million compared to the first quarter, reflecting high flexibility in key cases. Operating profit increased by 18.5% to 519.9 million dirhams in the first half compared with 438.6 million during the same period in 2017, which shows the continuation of the quality of growth and profitability of companies.
AID 271.9 million, an increase of 20% compared to 226.6 million Operating profit for the six-month period is 768.7 million dirhams, up 14.6% compared to the same period last year thanks to strengthened balance sheet management, effective liquidity management and effective pricing strategies that helped improve profit margins.
Issa Saleh Al Gurg, Vice President, said, "We are pleased to see the Bank maintain its growth by constantly focusing on its core business, service capabilities and continuous innovation to meet changing needs of customers. "
Financial results of the Bank's outstanding health, liquidity and sound capital adequacy and a prudent business strategy of a solid foundation for growth for the rest of the year and at the -of the. As a business partner, we focus on personal and professional needs, our prospects are closely linked to the United Arab Emirates and we remain committed to exploring opportunities that leave exceptional value to our clients and shareholders.
Source link
