The National Bank of Fujairah has reported its highest-ever net profit after tax for the first half of the year, amounting to AED 625.4 million, compared to AED 441.2 million during the same period in 2024. This result follows a corporate tax expense of AED 62.2 million.
Year-on-year, the bank experienced a remarkable growth of 41.8%, concluding the six-month period with a pre-tax profit of AED 687.6 million, in contrast to AED 484.9 million for the same timeframe in 2024.
Additionally, buoyed by strong performance in the second quarter of 2025, the National Bank of Fujairah recorded a post-tax net profit of AED 318.6 million for that quarter, reflecting an increase of 67.6% when compared to the same quarter in 2024.
These results underscore the bank’s ongoing commitment to selective high-quality business growth, along with effective asset and liability management in an increasingly uncertain and unpredictable environment driven by rising geopolitical risks and trade tensions.
Furthermore, a reduction in provisions for impairment and the continuation of a prudent cost management strategy and risk costs have contributed to this strong set of results.
Thanks to improvements in fair value investments, generating an other comprehensive income of AED 43.6 million, the National Bank of Fujairah reported a total comprehensive income of AED 669 million for the period, which is up 56% from AED 428.7 million in the same timeframe in 2024.
Supportive of revenue growth from a rising balance sheet and ongoing cost discipline, the bank achieved an operating profit of AED 994.2 million for the six-month period, showing an increase of 17.6% from AED 845.8 million in the previous year.
Operating revenue reached AED 1.4 billion, marking a 12.9% increase compared to AED 1.2 billion in the same period of 2024, with a 15.9% rise for the three months ending June 30, 2025, compared to the prior year. Dr. Rasha Al Qirq, Vice Chairperson, stated:
“We have continued to deliver impressive results across our diverse sectors, despite heightened uncertainty and unpredictability stemming from geopolitical risks, trade tensions, climate change, and supply chain issues, all of which have contributed to a more volatile environment. This has reinforced our commitment to enhance shareholder value and achieve sustainable growth.”