National Bank of Fujairah Management Discussion and Analysis Report for the Period Ended March 31,2026

National Bank of Fujairah (NBF) reported a record quarterly net profit after tax of AED 342.3 million for the period ended March 31, 2026, representing an 11.6% increase compared to Q1 2025.
Operating income grew 3.8% year-on-year to AED 701.1 million, supported by a 9.7% rise in net interest income and income from Islamic financing, though operating profit declined 1.3% to AED 495.8 million due to higher investments in technology and governance.
Asset quality improved with net impairment provisions decreasing 27.7% to AED 119.5 million, while the total provision coverage ratio rose to 145.2% from 139.0% at year-end 2