Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) achieved a 113% growth in net profit to AED 725.06 million during 2023 when compared with AED 340.38 million in 2022, according to the income statement.
The basic and diluted earnings per share (EPS) soared to AED 0.30 last year from AED 0.12 in 2022.
NBF’s total operating income reached AED 2.28 billion in 2023, compared to AED 1.81 billion a year earlier.
The bank registered a growth in customer deposits and Islamic customer deposits account to AED 38.57 billion at the end of 2023 from AED 35.73 billion in 2022.
Moreover, the total assets of NBF reached AED 51.71 billion in 2023, compared with AED 47.62 billion a year ago.
Chairman of NBF, Sheikh Saleh bin Mohamed bin Hamad Al Sharqi, said: “Despite the ongoing challenges and uncertainty presented by heightened global geopolitical risks, economic headwinds with elevated levels of inflation, and climate change, NBF was successful in producing its best ever operating and net performance.”
During the first nine months (9M) of 2023, NBF posted net profits of AED 513.16 million while its operating income amounted to AED 1.68 billion.
