Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) logged net profits worth AED 230.68 million during the first nine months (9M) of 2022, an annual hike of 155.10% from AED 90.44 million.
The operating income widened by 21.70% year-on-year (YoY) to AED 1.31 billion in 9M-22, compared to AED 1.08 billion, according to the financial results.
Furthermore, the bank’s total assets amounted to AED 44.37 billion during the January-September 2022 period, a growth from AED 42.94 billion as of 31 December 2021.
The basic and diluted earnings per share (EPS) stood at AED 0.09 in 9M-22, versus AED 0.02 in 9M-21.
During the third quarter (Q3) of 2022, the net profits of NBF reached AED 80.16 million, higher than AED 14.22 million in the year-ago period.
The operating income increased to AED 461.40 million in Q3-22 from AED 360.11 million in Q3-21, whereas the basic and diluted EPS surged to AED 0.040 from AED 0.007.
In the first half (H1) of 2022, the UAE-based lender posted a 97.50% leap in net profit to AED 150.50 million, versus AED 76.20 million in H1-21.
