gulfnews : NBF posts 27.3% increase in net profit

National Bank of Fujairah (NBF) yesterday reported a net profit of Dh64.5 million, up 27.3 per cent for the first quarter of the year, compared to Dh50.6 million reported in the corresponding quarter of 2011.
The bank said the results were driven by strong core business performance and effective asset and liability management.
NBF reported loan loss provisions of Dh43.4 million compared to Dh45.1 million in the corresponding quarter of 2011.

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