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NBF to replace Barclays on UAE rate panel

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

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NBF arranges $72m loan for PCS

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.

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NBF readies loan for Abu Dhabi hospital

The National Bank of Fujairah (NBF) has closed a Dh261 million ($71 million) long term syndicated loan for Lifeline Hospital Group, a leading healthcare provider in Abu Dhabi. Lifeline will use the loan to finance its business expansion pl

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NBF to move into commodities

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. “This i

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National Bank of Fujairah profit up 51pc

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

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NBF re-launches top branch after revamp

The National Bank of Fujairah (NBF), a full services corporate bank, has re-launched its main branch in Fujairah after renovations for the last three months. The 12,000 sq ft branch, inaugurated in 1994, was officially reopened by Sheikh S

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NBF core operating income up 33.4pc

National Bank of Fujairah (NBF) has achieved a core operating income growth of 33.4 per cent following continued focus on core businesses, it was revealed at a shareholders meeting. NBF held its annual ordinary and extra ordinary general m

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NBF posts $41.8m H1 net profit

National Bank of Fujairah (NBF) has announced its half-year results for the period ended June 30, 2008, recording a profit of Dh153.5 million ($41.8 million). The half year result was Dh0.9 million above the corresponding half-year profit

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NBF to distribute 15pc cash dividend

National Bank of Fujairah (NBF) has approved a 15 per cent cash dividend for its shareholders at the bank's annual ordinary general meeting (AGM) on Monday in Fujairah.  The dividend shall be distributed to the shareholders recorded

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NBF opens new unit in Jebel Ali

The National Bank of Fujairah (NBF) has opened a new unit in Jebel Ali, the bank said in a statement.  The opening is a part of NBF’s business strategy to upgrade and enhance its market presence throughout the UAE, it added.

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