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Article: NBF post profit of $19 million for first nine months of year.(Financial report)
- Article from:
- CPI Financial
- Article date:
- October 28, 2009
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Byline: news@cpifinancial.net (Staff Writer)
Highlights from National Bank of Fujairah (NBF)'s nine months' results 2009 include: NBF recorded net profit of AED 70.2 million ($19 million) compared to AED 67 million ($18.2 million) in the same period last year; additional loan loss provision of AED 70.4 million ($19.1 million) made in Q3 2009 in view of deteriorated credit conditions; portfolio loan loss provision of AED 116.6 million ($31.7 million) maintained as at 30 September 2009; investment income of AED 40 million ($10.8 million) compared to loss of AED 129.7 million ($35.1 million) in the same period last year; capital adequacy and advances to deposits ...