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- Sohar International, Al Mouj sign MoU for RO63mn credit facility
- Oman's industrial exports rise 8.6% to RO1.6bn in Q1
- UAE economic outlook remains bullish despite global volatility
- Dubai realty pivots to long-term stability as market dynamics shifts
- Al Seer Marine, B International Logistics launch new shipping JV
- ACWA Power enters potential $10bn investment deals in Malaysia
- Galfar lands key Oman road dualisation project
- Zain accelerates national talent empowerment in digital economy
- Gulf Bank organizes cleanup campaign on Qaruh Island
- Al-Tijaria, CSCEC sign strategic MOU with to collaborate on govt-tendered projects
26/04/2016 05:52 AST
National Bank of Umm Al Qaiwain (NBQ) reported a net profit of Dh102.4 million in the first quarter of 2016 compared to Dh102.8 million in the same quarter last year.
Bank's operating income for the first quarter at Dh88 million was down 4.9 per cent compared to Dh92.34 million in the first quarter of 2015. Fee and other income recorded an increase of 6.85 per cent year on year. Net interest income declined by 5 per cent to Dh110.92 million in the first quarter of this year compared to the same quarter last year.
Total assets were marginally up at Dh13.41 billion at the end of the first quarter compared to Dh13.38 billion at year end 2015. While loans and advances reached Dh8.88 billion, customer deposits increased by 4.25 per cent to Dh9.15 billion from year end 2015.
Bank's capital adequacy ratio at the end of the first quarter was at 31.46 per cent and advances to stable resources ratio at 75.6 per cent. Liquidity coverage ratio of 207 per cent against minimum stipulated level 70 per cent gives the bank enough room to expand its balance sheet, NBQ said in a statement.
Gulfnews
27/04/2017
National Bank of Umm Al Qaiwain (NBQ) on Wednesday reported a net profit of Dh123.39 million, up 20 per cent for the first quarter of 2017 compared to Dh102.4 million in the same quarter last year.
Gulfnews
28/04/2015
National Bank of Umm Al-Qaiwain (NBQ) on Monday reported a net profit of Dh102.88 million for first quarter of 2015, compared to Dh95.31 million reported in the same period last year.
Oper
Gulf News
02/04/2015
Global Investment House (Global) is pleased to announce that the Court of Appeals of Dubai in its hearing held today ruled to accept the settlement agreement between "Global" and National Bank of Umm
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.20 | 0.20 (0.04 |
| FAB | 15.68 | -0.42 (-2.61 |
| EMIRATESNBD | 22.10 | -0.30 (-1.34 |
| ADCB | 12.10 | 0.02 (0.16 |
| ADIB | 19.20 | 0.02 (0.10 |
03/06/2025
Sohar International and Al Mouj Muscat have signed a Memorandum of Understanding (MoU) for a strategic credit facility agreement valued at RO63mn to Al Mouj Muscat.
Structured as a combinati
Muscat Daily
03/06/2025
Al Seer Marine, a global maritime organization headquartered in Abu Dhabi, said it has partnered with B International Shipping & Logistics, an affiliate of top Geneva-based energy trader BGN, to laun
Trade Arabia
03/06/2025
ACWA Power, the world's largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of memorandum of understanding (Mo
Trade Arabia
03/06/2025
Galfar, one of the largest engineering, contracting and construction companies in Oman, has announced that it has secured a major construction works contract for Part Four of the Sultan Said bin Taim
Trade Arabia
03/06/2025
Zain announced the successful conclusion of its participation in the TechEdge program, one of the leading training initiatives focused on digitally empowering young talent. The program was held under
Kuwait Times
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