Abu Dhabi – Mubasher: The National Bank of Umm Al Qaiwain (NBQ) recorded net profits of AED 176.01 million during the January-September period in 2020, down from AED 349.76 million in the corresponding period of 2019.
The bank's net interest income and net income from Islamic products reached AED 262.71 million during the nine months of 2020, compared to AED 375.8 million in the year-ago period.
The lender's total assets registered AED 13.599 billion as at 30 September 2020, compared to AED 14.297 billion as at 31 December 2019.
The basic and diluted earnings per share (EPS) settled at AED 0.10 in the January-September period in 2020, versus AED 0.19 in the same period of 2019.
In the third quarter (Q3) of 2020, the bank's net profits decreased to AED 48.77 million from AED 110.88 million in the corresponding quarter of 2019.
It is noteworthy to mention that in the first half (H1) of 2020, the NBQ reported AED 127.24 million net profits, down from AED 238.89 million in the same period of 2019.
