National Bank of Fujairah PJSC 2023 AR2
The report highlights National Bank of Fujairah's (NBF) record-breaking financial and sustainability achievements in 2023. NBF posted its highest-ever operating profit of AED 1.6 billion and a net profit of AED 725.1 million, representing a 113% year-on-year growth. In alignment with the UAE's Year of Sustainability and COP28, the bank launched its Sustainability Finance Framework and Sustainability Position Statement. Key ESG achievements include having 6.59% of its investment portfolio ESG-compliant, providing AED 622 million in lending to socially important sectors like healthcare and education, and achieving a 10% reduction in operational emission intensity. Additionally, NBF maintained a 45% female workforce and an 11% female board representation while recording zero data breaches and zero workplace fatalities.
Company: National Bank of Fujairah PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2023
Type: AR2
Pages: 61
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National Bank of Fujairah PJSC
Annual Report
The report highlights National Bank of Fujairah's (NBF) record-breaking financial and sustainability achievements in 2023. NBF posted its highest-ever operating profit of AED 1.6 billion and a net profit of AED 725.1 million, representing a 113% year-on-year growth. In alignment with the UAE's Year of Sustainability and COP28, the bank launched its Sustainability Finance Framework and Sustainability Position Statement. Key ESG achievements include having 6.59% of its investment portfolio ESG-compliant, providing AED 622 million in lending to socially important sectors like healthcare and education, and achieving a 10% reduction in operational emission intensity. Additionally, NBF maintained a 45% female workforce and an 11% female board representation while recording zero data breaches and zero workplace fatalities.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees