National Bank of Fujairah (NBF) may open trade finance offices in Africa as part of an expansion of foreign business that is taking the bank far from its roots in one of the more remote, less developed parts of the UAE.
With its h
National Bank of Fujairah (NBF) has been chosen to replace Barclays on the panel which sets the United Arab Emirates' indicative interbank lending rates, banking sources told Reuters.
Barclays said in July it was withdrawing from th
National Bank of Fujairah (NBF) has been awarded the Best Commercial Bank at this year’s Banker Middle East Industry Awards held recently in Dubai.
This is NBF’s third business award following similar accolades from Banker ME for its trade
National Bank of Fujairah (NBF) has closed a Dh265 million ($72.16 million) syndicated loan for Pacific Control Systems (PCS), the bank said.
The bank acted as the mandated lead arranger, bookrunner and underwriter for the facility.
National Bank of Fujairah (NBF), a full services corporate bank in the UAE, has announced a first quarter net profit of Dh64.5 million ($17.5 million), up 27.3 per cent from Dh50.6 million last year.
Announcing the results, NBF said
UAE-based National Bank of Fujairah (NBF) said its board has approved the distribution of 39.2 per cent of the 2011 profit as cash dividends to the investors following its solid results.
The NBF had in January reported a 64.4 per
UAE-based National Bank of Fujairah (NBF) said its full-year profit for 2011 surged 64.4 per cent to Dh280.9 million ($76.4 million) when compared to Dh170.9 million the previous year.
Announcing the results for the year ended December 31,
UAE-based National Bank of Fujairah (NBF) said its nine-month net profit rose 54 per cent to Dh201 million ($54.7 million) compared to Dh130.8 million during the same period last year.
Announcing the results on Monday, NBF said t
National Bank of Fujairah PSC (NBF) will deal in commodities in addition to precious metals in both physical and derivative markets following an approval by its shareholders at the recent extra ordinary general meeting in Fujairah.
National Bank of Fujairah (NBF) has recorded a net profit of Dh125.2 million ($34 million) for the first half, a 51 per cent increase compared to Dh83 million during the same period last year.
The results were driven by strong core busines