Abu Dhabi – Mubasher: The National Bank of Umm Al Qaiwain (NBQ) reported a 26.26% surge in its net profits to AED 96.57 million in the first quarter (Q1) of 2022, versus AED 76.48 million in the same quarter of 2021, according to the bank's unaudited consolidated financials for the three- month period ended 31 March 2022.
The bank's net interest income and income from Islamic products declined to AED 66.73 million in Q1-22 from AED 70.53 million in the year-ago period.
The basic and diluted earnings per share (EPS) settled at AED 0.05 in the first three months of 2022, against AED 0.04 in the corresponding quarter of 2021.
It is noteworthy to mention that in 2021, NBQ increased by 25% to AED 264.17 million, compared to AED 211.77 million in the earlier year.
