National Bank of Fujairah posts 155.1% rise in nine-month net profit

National Bank of Fujairah (NBF) recorded Dhs230.7m in net profit for the first nine months of the year, growing 155.1 per cent year-on-year, compared to Dhs90.4m recorded during the corresponding period of 2021.

NBF posted an operating profit of Dhs932.5m for the nine-month period, a year-on-year rise of 25.1 per cent compared to Dhs745.4m and up 2.4 per cent quarter-on-quarter, underpinned by higher net interest income and net income…