Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) logged net profits worth AED 364.51 million in 2022, an annual leap of 38% from AED 264.16 million.
The total revenues hiked to AED 599.02 million last year from AED 442.48 million in 2021, according to the preliminary financial results.
Earnings per share (EPS) stood at AED 0.19 during January-December 2022, versus AED 0.14 in the year-ago period.
Moreover, the bank’s total assets amounted to AED 13.60 billion in 2022, higher than AED 13.14 billion in the 12-month period that ended on 31 December 2021.
Dividends
The Central Bank of the UAE (CBUAE) passed the board’s recommendation to disburse 10% of the lender’s paid-up capital as cash dividends for 2022.
In the first nine months (9M) of 2022, NBQ registered AED 259.92 million net profits, a 33.50% year-on-year (YoY) jump from AED 194.67 million.
