gulfnews : Strong core results, lower loan provisions help NBF rebound

National Bank of Fujairah (NBF) reported Dh280.9 million net profits for 2011, up 64.4 per cent compared to Dh170.9 million in 2010.
During the past three years the bank made consistent recovery, putting behind the losses of 2008.
Vince Cook, chief exec-utive officer, attributes the turnaround to strong core business performance, effective asset and liability management and a reduction in loan loss provisions.

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