NBF posts Dh625.4 million net profit in H1 2025, up 41.8%
ABU DHABI (ALETIHAD) National Bank of Fujairah (NBF) has reported its strongest-ever half-year net profit, posting Dh625.4 million for the six-month period ended June 30 2025, up 41.8% compared to Dh441.2 million in H1 2024. Profit before tax rose to Dh687.6 million from Dh484.9 million in the same period last year.The performance was underpinned by strong business growth, prudent risk management, and lower impairment provisions. The bank's total comprehensive income stood at Dh669 million, up 56% year-on-year, supported by an improvement of Dh43.6 million in investments through other comprehensive income.Operating profit rose 17.6% to Dh994.2 million, while operating income increased 12.9% to Dh1.4 billion. Net interest income and Islamic financing income grew 4.9% to Dh926.1 million. Net fees, commission and other income surged 37% to Dh314.7 million, while foreign exchange and derivatives income climbed 22.1% to Dh110.7 million.On the balance sheet side, total assets grew by 5.7% to Dh64.3 billion. Loans and Islamic financing receivables rose 10.3% to Dh35.7 billion. Customer deposits reached Dh47.6 billion, up 4%. Investments rose 8.9% to Dh10.3 billion. Asset quality improved, with NPL ratio dropping to 4.6% and provision coverage increasing to 133.4%.Return on average assets improved to 2.0%, while return on equity jumped to 17.9%. Capital adequacy ratio remained strong at 16.5%.
Dr. Raja Easa Al Gurg, Deputy Chairperson, said, "We are pleased with the NBF franchise growing and posting another set of stellar results in the first half of 2025. Against the backdrop of heightened uncertainty, we continued to deliver remarkable results across our diversified verticals, reinforcing our commitment to delivering enhanced shareholder value and achieving sustainable growth."
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