27/04/2017 06:02 AST

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.

Net interest income grew by 20 per cent compared to the first quarter of last year and 15 per cent from the last quarter of 2016. The bank’s operating income grew by 24 per cent year on year in the first quarter of this year with a 20 per cent increase compared to the fourth quarter of last year.

Growth in operating income during the quarter was largely driven by increase in interest income and recoveries.

Fee and commission income recorded an increase of 18 per cent in the first quarter of 2017 compared to the same period last year. At the close of the quarter, cost to income ratio stood at 22 per cent reflecting strong cost efficiencies.

Total assets were at Dh13.76 billion at the close of the first quarter, marginally up from Dh13.55 billion at year end 2016. Loans and advances increased to Dh8.91 billion in the first three months of the year from Dh8.8 billion at the year-end 2016.

Non-performing loans

Customer deposits increased by 5 per cent from year-end 2016 to Dh9.42 billion at the end of the first quarter 2017. The bank’s advances to deposits ratio stood at 95.5 per cent at the end of the first quarter.

Non-performing loans (NPL) ratio [NPLs to total loans] declined in the first quarter of this year to 4.7 per cent compared to 6.9 per cent at year-end 2016.

NBQ continued to maintain strong capital adequacy ratio of 32.98 per cent at the close of the first quarter with Tier 1 ratio of 31.7 per cent providing significant opportunities to expand balance sheet.

The bank has a very strong liquidity position with stable resources to advances ratio of 137 per cent and net stable funding ratio of 117 per cent enabling the bank to expand lending portfolio.


Gulfnews

NBQ first quarter profits flat at Dh102.4 billion

26/04/2016

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 inco

Gulfnews

NBQ reports Dh102.8m net profit in first quarter

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

Global and NBQ agree to amicably settle a dispute

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
NBQ Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
FAB 13.80 0.10 (0.72%)
RJHI 84.20 0.20 (0.23%)
NCB 41.50 0.30 (0.72%)
SAMBA 30.25 -0.55 (-1.79%)
NBK 834.00 2.00 (0.24%)
Bahrain's Investcorp records $165m loss for 2019-20 financial year

06/08/2020

Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million a year ago.

The COVID-19 played its part in the loss, as fee income c

Gulf News

Aramex's revenue surges 4pc to $359m in Q2

06/08/2020

Aramex, a leading provider of logistics and transportation solutions, has registered a 4 per cent growth in its revenues for the second quarter which surged to hit AED1.32 billion ($359 million), com

Trade Arabia

Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

05/08/2020

Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it rec

Gulf News

FAB issues Formosa bond globally

05/08/2020

First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

The Gulf Today

Etisalat to pay out Q2 interim dividends from August 11

05/08/2020

UAE's leading telecom services operator Etisalat Group has announced that the interim dividend of 15 fils per share for the second quarter will be paid out starting from August 11 through the First A

Trade Arabia