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National Bank of Fujairah books profit rise
- United Arab Emirates: Thursday, October 29 - 2009 at 09:48
National Bank of Fujairah has reported a net profit of Dhs70.2m for the nine months ended September 30, up 5% from Dhs67m for the same period last year. The loan impairment charge for the period is Dhs159.7m compared to Dhs69.7m in the corresponding period in 2008. The charge includes Dhs59.7m due to the bank's Dhs92m exposure to the Saudi Al Gosaibi and Saad Groups, the lender said in a statement.
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StaffThursday, October 29 - 2009 at 09:48 UAE local time (GMT+4)
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