National Bank of Fujairah PJSC 2016 AR2
The report details the financial and operational performance of the National Bank of Fujairah (NBF) for the year 2016. The company achieved a record operating income of AED 1.3 billion and an operating profit of AED 866.0 million, representing a 12.9% increase from 2015. Despite a challenging credit environment, NBF maintained a strong capital adequacy ratio of 17.6% and expanded its Shari'a-compliant window, NBF Islamic, which grew to an asset base of AED 3.0 billion. Additionally, the bank advanced its sustainability efforts by supporting local communities, promoting Emiratisation with a 41.7% ratio, and participating in the UAE sustainable finance initiatives.
Company: National Bank of Fujairah PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2016
Type: AR2
Pages: 98
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National Bank of Fujairah PJSC
Annual Report
The report details the financial and operational performance of the National Bank of Fujairah (NBF) for the year 2016. The company achieved a record operating income of AED 1.3 billion and an operating profit of AED 866.0 million, representing a 12.9% increase from 2015. Despite a challenging credit environment, NBF maintained a strong capital adequacy ratio of 17.6% and expanded its Shari'a-compliant window, NBF Islamic, which grew to an asset base of AED 3.0 billion. Additionally, the bank advanced its sustainability efforts by supporting local communities, promoting Emiratisation with a 41.7% ratio, and participating in the UAE sustainable finance initiatives.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees