NBQ records 3.8% higher net profits in 2019

National Bank of Umm Al Qaiwain (NBQ) saw a 3.8% rise in net profits

  
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) saw a 3.8% rise in net profits to AED 424.39 million in 2019 from AED 409.02 million in 2018, according to the bank’s preliminary financial results for 2019.

The bank’s total revenues reached AED 750.92 million in 2019, compared to AED 745.122 million in the prior year.

The earnings per share (EPS) stood at AED 0.23 last year, up from AED 0.22 in 2018.

Meanwhile, shareholders’ equity rights reached AED 4.77 billion in 2019, higher than AED 4.46 billion in the prior year.

Noteworthy to mention, during the first nine months of 2019, NBQ’s net profits recorded AED 349.76 million, up 4.15% compared to the previous year.

Source: Mubasher

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