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NBF profit rises 28.9% for 2024
Khaleej Times
|January 30, 2025
National Bank of Fujairah (NBF) on Wednesday reported a growth of 28.9 per cent in net profit before tax to close the year at a of Dh934.8 million compared to Dh725.1 million in 2023.
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NBF posted a record net profit after tax of Dh850.1 million for the year with a corporate tax charge of Dh84.7 million.
"Buoyant market conditions supported by UAE government initiatives, improvement in impairment provisions, and careful management of costs, in what continues to be an uncertain global environment exacerbated by geopolitical tensions, all contributed to this robust set of results," NBF said in a statement.
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