NBF H1 profit up 36.7%

National Bank of Fujairah PSC (NBF) has posted a net profit of Dh83 million ($22.5 million) for the first half this year compared to Dh60.7 million ($16.5 million) in the same period last year, up 36.7 percent, the bank said in a statement.

The bank’s operating income also grew by 16.1 per cent and operating costs reduced by 16.3 per cent during the same period, the statement said.