Abu Dhabi – Mubasher: The National Bank of Umm Al Qaiwain (NBQ) reported net profits of AED 194.68 million in the first nine months of 2021, up by 10.61% year-on-year (YoY) from AED 176.01 million.
The bank's interest income and income from Islamic financing products declined to AED 247.7 million in the January-September period from AED 334.3 million in the prior-year period, according to a bourse disclosure on Sunday.
The basic and diluted earnings per share (EPS) amounted to AED 0.11 in the nine-month period ended 30 September, compared to AED 0.10 in the same period in 2020.
The bank's total assets recorded AED 13.30 billion as of 30 September, while the deposits to advances ratio stood at 112.07%.
During the third quarter (Q3) of 2021, the bank logged net profits of AED 63.19 million, up from AED 48.76 million in Q3-20.
