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Article: National Bank of Fujairah PSC (NBF) Nine Months' Results 2009.
- Article from:
- Albawaba.com
- Article date:
- November 3, 2009
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National Bank of Fujairah PSC (NBF) is pleased to announce its results for the nine month period ended 30 September 2009.
Highlights:
* NBF recorded net profit of AED 70.2 million compared to AED 67.0 million in the same period last year* Additional loan loss provision of AED 70.4 million made in Q3 2009 in view of deteriorated credit conditions* Portfolio loan loss provision of AED 116.6 million maintained as at 30 September 2009* Investment income of AED 40.0 million compared to loss of AED 129.7 million in the same period last year* Capital adequacy and advances to deposits ratios maintained at 18.2% (Tier 1 Ratio: 14.1%) and 81.5% respectively, well ...