Arab Today, arab today nbf profit up 644 at dhs2809m
Last Updated : GMT 20:33:05
Arab Today, arab today
Arab Today, arab today

NBF profit up 64.4% at Dhs280.9m

Arab Today, arab today

Arab Today, arab today NBF profit up 64.4% at Dhs280.9m

Fujairah - Arabstoday

National Bank of Fujairah (NBF) held its Annual Ordinary General Meeting on Sunday at Al Diar Siji Hotel in Fujairah, United Arab Emirates (UAE). National Bank of Fujairah 2011 profit surges 64.4 per cent to Dhs280.9 million. The shareholders approved the cash dividend of 10 per cent (Dhs110 million) of its paid-up capital, the Chairman’s report and the consolidated financial statements for the year ended Dec.31, 2011. National Bank of Fujairah will distribute 39.2 per cent of 2011 profit as cash dividend. The shareholders have also approved the appointment and remuneration of the Bank’s auditors for 2012. Sheikh Saleh Bin Mohammed Al Sharqi, Chairman said: “We are pleased with the Bank’s solid set of results, which were achieved through a well-sustained, long-term growth strategy in which strong balance sheet management and credit loss reduction were key. This has allowed us to outperform the industry and deliver a good return to our shareholders for the second consecutive year despite the current challenging market conditions.” “The Bank remains committed to its role in developing the UAE economy and will continue to seek sustainable growth opportunities,” Sheikh Saleh added. Sir Easa Saleh Al Gurg, KCVO, CBE Deputy Chairman commented: “National Bank of Fujairah believes that good business opportunities exist across the UAE and we will continue to selectively grow our lending as these come to fruition. Backed by strong liquidity and prudent policies, we will continue to improve our market position through service differentiation and an enhanced focus on product development.” Sir Easa Saleh Al Gurg also said that the Bank’s retail expansion in the Fujairah region continues unabated and we are beginning to see good progress in the other emirates. We will also continue to invest in improvements in technology, operational capabilities and network enhancements so as to become more responsive to customer needs and shareholder expectations. Incorporated in 1982, National Bank of Fujairah (NBF) is a full services corporate bank with strong wholesale banking and trade finance expertise. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF’s key shareholders include the Government of Fujairah, the Government of Dubai and business pioneer and community leader Sir Easa Saleh Al Gurg, KCVO, CBE. It is listed on the Abu Dhabi Securities Exchange under the symbol ‘NBF’ and has a branch network of 13 across the UAE.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nbf profit up 644 at dhs2809m Arab Today, arab today nbf profit up 644 at dhs2809m

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nbf profit up 644 at dhs2809m Arab Today, arab today nbf profit up 644 at dhs2809m

 



Arab Today, arab today Jordanian girls managed to design gowns

GMT 18:13 2017 Friday ,14 July

Jordanian girls managed to design gowns
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Al-Jeddawi presents décor ideas for Ramadan

GMT 14:44 2017 Monday ,29 May

Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today SOHR confirms death of Daesh leader

GMT 14:54 2017 Tuesday ,11 July

SOHR confirms death of Daesh leader
Arab Today, arab today Media council abandon complaint against writer

GMT 20:53 2017 Wednesday ,14 June

Media council abandon complaint against writer
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today AED 1.5 bn in humanitarian , developmental

GMT 04:23 2017 Saturday ,24 June

AED 1.5 bn in humanitarian , developmental
Arab Today, arab today Transformation in Saudi women’s role in labor
Arab Today, arab today FANC warns of threats against meadows, pastures

GMT 15:42 2017 Wednesday ,21 June

FANC warns of threats against meadows, pastures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Kinda Aloush reveals reason behind her absence

GMT 14:40 2017 Monday ,17 July

Kinda Aloush reveals reason behind her absence
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat

GMT 14:56 2017 Saturday ,15 July

Ahmed Zaher praises reactions to “Case G”

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 18:26 2017 Saturday ,15 July

Luxury smartphone maker Vertu to close down
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday