NBF posts best ever net profit after tax for quarterly results in Q1-26
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Abu Dhabi – Mubasher: National Bank of Fujairah (NBF) recorded net profits after tax worth AED 342.33 million in the first quarter (Q1) of 2026, witnessing its best ever net profit after tax for a quarter.
The net income was higher than AED 306.81 million in the January-March 2025 period, according to the financial statements.
Operating profit before impairment losses and tax stood at AED 495.77 million in Q1-26, falling from AED 502.54 million in Q1-25.
The earnings per share (EPS) rose to AED 0.13 in Q1-26 from AED 0.11 in Q1-25.
Furthermore, NBF’s operating income soared to AED 701.06 million in January-March 2026 from AED 675.52 million in the corresponding three-month period in 2025.
Customer deposits and Islamic customer deposits decreased to AED 49.72 billion in Q1-26 from AED 50.98 billion as of 31 December 2025.
The bank’s total assets declined to AED 68.84 billion as of 31 March 2026, compared with AED 69.37 billion at the end of December 2025.
Management Commentary
The CEO of NBF, Adnan Anwar, said: “NBF delivered a solid financial performance driven by an outstanding start to the year amid heightened uncertainty and volatility in operating environment. This has been achieved by a diversified balance sheet, robust capital adequacy and liquidity and a declining cost of risk.”
Anwar noted: “The bank’s investments in technology, security, business continuity and resilience have been instrumental in ensuring that it continued to deliver value and services to our customers and partners through these times without disruption, while ensuring the safety of its staff and wider stakeholders. Our success in leveraging technology, reinforced with cyber security, enhances the franchise’s responsiveness and adaptability to complement its growth strategy.”
Looking ahead, the CEO said: “In the coming quarters of 2026, NBF, in line with the UAE government and the Central Bank of the UAE’s measures, will continue to support the development of the economy and support its customers. We look forward with prudence, confidence and optimism coupled with supporting our environment, social and governance (‘ESG’) initiatives in an evolving regional and global landscape.”
Meanwhile, Deputy Chairperson, Raja Easa Al Gurg, said: “With a staunch focus on long-term sustainable growth, the bank has built solid levels of liquidity and capital adequacy which, coupled with its operating performance, places NBF in a strong position to withstand the current uncertainties with resilient performance.”
Al Gurg added: “In line with the top priorities of the prevailing situation, ensuring the safety and security of its people and territory, the UAE has successfully steered through the crisis with preparedness, resilience and steadfastness. Likewise, NBF has always endeavored to support people, businesses, and the country; whilst remaining focused on the future to enhance shareholder value.”
The Deputy Chairperson concluded: “On the back of the UAE Government’s exceptional measures for safety, security and continuity through regional conflict, the Board is confident that the UAE will emerge stronger than ever and NBF will continue to engage with all its stakeholders for protecting their interests and achieving long-term sustainable results.”
In 2025, the UAE lender NBF achieved net profits after tax at AED 1.20 billion and the operating income grew to AED 2.66 billion.
Source: Mubasher Source: {{details.article.source}}