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The External Affairs Minister said that he is travelling to Pakistan only to be a 'good member of the SCO'
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NBQ profit falls by 10 per cent in Q1
DUBAI —The National Bank of Umm Al Qaiwain, or NBQ, suffered a 10 per cent fall in its net profit for the first quarter of 2010, compared to the first three months of last year.
The bank declared its net profit at Dh100.110 million for the first three months of 2010 while it earned Dh110.8 million during the same period in 2009.
The bank said its operating profit before net investment income and provisions amounted to Dh117.232 million. Its loans and advances portfolio amounted to Dh8.32 billion.
The bank’s assets fell to Dh12.9 billion compared to Dh13.8 billion during the first quarter of 2009.
NBQ’s share capital increased to Dh1.6 billion, but total shareholders equity fell to Dh2.9 billion from Dh3 billion a year earlier. The bank’s customers deposits rose to Dh7.5 billion from Dh7.4 billion during the first quarter of 2009.
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