Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) reported a 6.2% increase in its net profit during the first quarter of 2018.
NBQ’s net profit registered AED 131.03 million ($35.7 million) in Q1-18 versus AED 123.4 million ($33.6 million) in the year-ago period, according to a company statement released on Sunday.
The Abu Dhabi-listed bank ascribed the growth in its profit to the jump registered in revenue, as it soared 10.6% year-on-year to AED 150.115 million in the first three months of 2018.
NBQ’s net profit surged 31.3% year-on-year in Q4-17, recording AED 83.9 million ($22.84 million).
