Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF
) achieved a 17% increase in net profits to AED 76.2 million during the first half (H1) of 2021 from AED 65.1 million in H1-20.
The growth in net profits is attributed to lower net impairment losses of AED 425.74 million in H1-21 compared to AED 456.29 million in the same period last year, according to a bourse disclosure on Sunday.
Total operating expenses stood at AED 222.6 million in the January-June 2021 period, compared to AED 234.2 million in the prior-year period.
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