Latest news with #NationalBankofFujairah
Al Etihad
a day ago
- Business
- Al Etihad
NBF posts Dh625.4 million net profit in H1 2025, up 41.8%
31 July 2025 20:01 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 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 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 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."
Khaleej Times
16-07-2025
- Business
- Khaleej Times
How NBF is making business banking smarter, simpler and more rewarding
National Bank of Fujairah's (NBF) new business banking value accounts offer tiered, tailored solutions that bring flexibility, clarity, and value to entrepreneurs and enterprises alike In a region where SMEs power over 60% of the non-oil economy, the right banking partner can mean the difference between stagnation and scale. Businesses need more than just a place to put their money - they need financial partners who understand the pressures of managing growth, navigating regulatory demands, and optimising cash flow while still having time to focus on what matters: running the business. For thousands of small and medium-sized enterprises (SMEs) across the UAE, that partner is the NBF. With its strong reputation for personalised service and sector-specific expertise, NBF has launched a fresh, flexible solution that reflects what businesses need right now: control, clarity, and value. Enter NBF's Business Banking Value Accounts - a new suite of subscription-based banking packages that aim to simplify financial operations, reduce unnecessary costs, and scale with businesses as they grow. Built for business at every stage Whether you're launching your first venture, managing a fast-growing company, or leading an established enterprise, NBF's Value Accounts offer tailored support through four distinct tiers: Essential – Ideal for start-ups and lean businesses, this plan covers all the basics with an affordable monthly subscription. It's designed to simplify financial admin without burdening your bottom line. Prime – Created for expanding businesses looking for enhanced capabilities, Prime adds more value through extra features and access to advanced tools. Executive – This tier supports established organisations with a broader range of services, offering executive-level benefits for smoother, smarter financial management. Preferred – The most comprehensive package, Preferred is tailored to thriving enterprises that need premium support, customised solutions, and personalised relationship management. Each account includes a thoughtful combination of tools and benefits, ensuring businesses can choose a package that fits their needs today and evolve it as they grow. These tiers aren't just labels - they're real, tangible benefits that solve everyday business pain points. Across the tiers, businesses enjoy: Waived minimum balance and maintenance charges Free cheque book issuances and post-dated cheque warehousing Free WPS (salary transfers) and domestic fund transfers Free online banking Preferential rates on cash-in-transit services, cheque scanning, and selected trade transactions Zero-balance foreign currency accounts Access to dedicated Relationship Managers 24/7 call centre and full digital banking access via NBF's online and mobile platforms Preferential USD/AED exchange rates In other words, it's not just a bank account, it's a business toolkit. Meeting the real needs of SMEs While many banks offer business accounts, what sets NBF apart is its focus on value and personalisation. The Business Banking Value Accounts aren't just about bundling services, they're about offering real savings, faster access to services, and fewer operational headaches. 'Businesses today want flexibility without the fine print. That's what we've designed,' says Rehan Ali, head of business banking at NBF. 'Our Value Accounts reflect a deep understanding of what UAE businesses face daily - whether it's managing payroll, streamlining trade, or getting the right advice at the right time.' This SME-first approach is no accident. SMEs contribute more than 60% to the UAE's non-oil GDP and supporting them is not just good banking - it's nation-building. Beyond the transaction: A relationship-driven model In a world of self-service banking, NBF continues to put people at the heart of its offering. Clients don't just get a dashboard - they get a partner. Each Value Account includes access to a dedicated Relationship Manager, ensuring that expert guidance is always within reach. This blend of high-tech and human-touch banking is one reason NBF consistently earns trust across industries, from logistics and manufacturing to healthcare and professional services. The bank's sector-specific knowledge means it can anticipate client needs, suggest smarter solutions, and unlock growth opportunities that generic providers might miss. Smarter banking starts here Whether you're a solopreneur looking to reduce overheads or a high-growth company planning your next expansion, NBF's Business Banking Value Accounts offer the tools, service, and flexibility to make your next step easier. To explore which package best suits your needs, visit: or call 600-565551to speak with NBF's Business Banking team.
Gulf Today
21-06-2025
- Entertainment
- Gulf Today
Canvas and sky: Reputed artist Andrew Thompson is also an aircraft engineer
Artist Andrew Thompson points out that by profession, he is a Licensed Aircraft Engineer and currently the Maintenance Manager for a Dubai VVIP flight operation. 'I have lived in the UAE for the past 31 years,' he says. Born and raised in Harare, Zimbabwe, he has had a 'very much of a free outdoors childhood,' in Zimbabwe. A self-taught artist with no formal art training, the inspiration for much of his earlier paintings comes from the surroundings he inhabited during the extensive travelling he did due to his work as an Aircraft Engineer. He admires man's many engineering feats from the past in machinery and architecture, and his work often reflect these muses. 'I also find inspiration from the desert sands of Dubai which may seem bleak and featureless to some, but to me they are alive with shapes, shades and colour, constantly shifting and offering something new,' he underlines. He says he is yet an experimentalist with his art, trying different forms, and taking inspiration from other fellow artists. He recently won second prize in the NBF (National Bank of Fujairah) art competition 2025 and is now showing some of his works at Perspectives – II group exhibition at the Capital Club, Dubai, curated by Patricia Millns, where Andrew's works are curated by Bhairavi Mistry of Noora The Divine Spark. Many of Andrews's pieces have found homes in Dubai and abroad. He speaks to Gulf Today Andrew Thompson looks at the world. Which are the unusual places that have inspired you as an artist? The Great Karoo region of South Africa. Vast open vistas of semi-arid country interspersed with flat topped mountains and hills. The earth tones that pop out of the landscape at sunrise and sunset are breathtaking. The Geilo, Norway. The contrast between light and shadow is extreme and when combined with the blue shadows, caught my attention. It reminded me of the desert in the UAE with a random Ghaf tree casting shadows on the sand. What has kept you in the UAE for over three decades? It is the country that has kept me here. It might get hot and there might be too much dust at times, but it is a special place, special people. The UAE also has pride in its identity which I admire, something that many western countries could look on as an example. It has looked after me. Ghaf Tree. What is the advantage of not having formally learned art? Not to be bound by convention, not to be confused with what you are told, as opposed to what you feel. Watercolour was the medium I first chose, and now many years later, I am well immersed in oil painting. It is only now that I listen to other 'formally' trained artists on social media and compare my notes and my experiences. Not all of it I agree with or follow. How has Africa influenced you as an artist? The land influenced me. In my high school years, I spent most of my holidays in the African bush. This probably influenced my senses of listening, smelling and looking. The golden hours just before sunset sitting high up in the hills above my home watching the light and colours change from the sky above to the dark valleys below. Africa has a special feel at this time of the day. Hajar Thunder. Which is the architecture you admire? I admire most architecture, but I think the style that pulls my eye in is Brutalism. It's the combination of big structure and the raw face of concrete. This is enhanced when sunlight creates sharp zones of light and deep shadow. This contrast of light and shade have offered some inspirational ideas for my art. Why are you still an experimentalist as an artist? I think this comes about due to my sporadic spurts of creating pieces of art. I cannot dedicate a period each day to paint. My painting sessions are grabbed when I am not working in my day-to-day profession or spending time with my family. Hence why I believe I am an experimentalist painter. Night Walk. Who are the fellow artists you look up to? Why? Maynard Dixon, an American West landscape painter. His paintings of big open spaces have always made me pause and look long at his work. He was a minimalist landscape artist, who created big open vistas of the American West, using a subdued colour palette. Very similar to the UAE desert landscapes. Another artist is Andrew Wyeth, also an American artist. He was known as a realist in his style. Besides the sands, what is your Emirati muse as an artist? The Ghaf tree. Strong, resilient and silent. When the wind blows, you can hear it whispering quietly to you. It is a complex tree to paint, its canopy is multi-faceted in shape and subtle colour, all balanced on a rough trunk. The time of day also changes its character. They are the ancient sentinels of the sands. The isolation of these trees has always drawn me to them. Wind Whisperer. Is there a link between aircraft maintenance and art? Yeah, I think there is. Both require your hands, your eyes and your brain. You need to be able to 'think' with your hands at the same time as engaging the brain. There is a natural pride when you walk past your finished painting or when you see the aircraft that you have just worked on, takeoff and fly.
Mid East Info
21-06-2025
- Business
- Mid East Info
National Bank of Fujairah sponsors Abu Dhabi Infrastructure Summit 2025, championing innovation in lifestyle infrastructure
NBF spotlighted role of sustainable finance and SME empowerment in building people-first, innovation-led cities Dubai – June 2025 — The National Bank of Fujairah (NBF) is proud to announce its participation as a sponsor of the inaugural Abu Dhabi Infrastructure Summit (ADIS) 2025, which was held under the theme 'Designing Tomorrow's Way of Life' on 17–18 June at the Abu Dhabi Energy Centre. As a leading financial institution with deep roots in infrastructure financing and business enablement, NBF's support for ADIS underscored its commitment to advancing the UAE's visionary economic development agenda. The summit brought together more than 600 projects valued at over USD 54 billion, spotlighting Abu Dhabi's transformation into a global model for sustainable, smart, and community-centric infrastructure. Commenting on the bank's participation, Adnan Anwar, CEO at NBF, said:'ADIS 2025 represented a unique platform for future-defining dialogue on how cities, businesses, and communities can thrive in a rapidly evolving landscape. NBF was honoured to support this transformative initiative and to contribute to shaping a future where innovation, and inclusion define how we live, build, and grow.' As a sponsor, NBF engaged with decision-makers, developers, and investors across conference panels and high-level networking sessions, bringing to the table its unique insights into structured finance, SME empowerment, and sustainable development financing. Participation reaffirmed NBF's role in enabling next-generation infrastructure that supports economic diversification and an improved quality of life in the UAE and beyond.
Mid East Info
02-06-2025
- Business
- Mid East Info
National Bank of Fujairah hosts knowledge-sharing event focused on AI and business transformation - Middle East Business News and Information
Business leaders and industry experts explore how AI and geopolitical shifts are reshaping the UAE's business landscape Dubai – June 2025 — National Bank of Fujairah (NBF) hosted the latest edition of its ongoing Knowledge Series at Dubai Airport Freezone (DAFZ), welcoming over 90 guests from across the UAE business community. The event, themed 'Harnessing AI', highlighted the transformative role of artificial intelligence (AI) in driving growth, innovation, and operational excellence. At a time marked by accelerating digital disruption and geopolitical change, the event provided timely insights on how businesses can stay ahead by integrating AI into their core operations and responding to shifting global economic conditions. Opening the event, Adnan Anwar, CEO of NBF said the bank is actively exploring how AI can drive greater efficiency and transformation, highlighting the value of forums like this in fostering insight, collaboration, and practical solutions. The event commenced with a look at the global economic landscape presented by Hisham Ayass, Senior Financial Analyst at Asharq Bloomberg TV, with the current outlook reflecting a fragile balance of cautious optimism and uncertainty, with growth projections tempered by persistent inflation and unresolved trade tensions. Following this, Arnold Gutmann, Senior Executive Partner at Gartner, delivered a deep dive into how agentic AI can transform go-to-market (GTM) strategies. The session explored how agentic AI is moving beyond traditional sales models toward intelligent systems that can autonomously make decisions and execute tasks. Rather than replacing humans, AI is becoming a powerful enabler—boosting productivity, enhancing personalisation, and giving a competitive edge to those who use it effectively. Gutmann indicated that the key to future success lies in combining human creativity and judgment with the speed and scalability of AI in a truly hybrid approach. This event was part of NBF's successful Knowledge Series programme, which continues to provide a platform for learning and dialogue on pressing issues facing UAE businesses. Previous editions have covered topics such as sustainable business models, ESG implementation, and investment management.
