National Bank of Fujairah Financial Results Press Release for the Period Ended March 31,2026 | premargin
National Bank of Fujairah Financial Results Press Release for the Period Ended March 31,2026
·ADX·Financial Reports | Financial Press Release·April 29, 2026·View on exchange
AI Summary
National Bank of Fujairah (NBF) reported its highest-ever quarterly net profit after tax of AED 342.3 million for the period ended March 31, 2026, an 11.6% increase over Q1 2025.
Operating income reached AED 701.1 million, up 3.8% year-on-year, driven by a 9.7% rise in net interest income and income from Islamic financing to AED 498.8 million.
Net impairment provisions were reduced by 27.7% to AED 119.5 million, while the total provision coverage ratio improved to 145.2% from 139% at the 2025 year-end.
The bank maintained a strong financial position with total assets of AED 68.8 billion and an improved capital adequacy ratio (CAR) of 16.6% as of March 31, 2026.