NBF on track for stronger performance in 2019

26 March, 2019 12:00 AM printer

Dubai: National Bank of Fujairah (NBF) expects to improve its assets and profitability growth in 2019, on the back of a strong financial performance in 2018, Vince Cook, CEO of NBF told Gulf News in an interview.

NBF has been consistently delivering strong results during the last two years believe that operating conditions are improving despite some amount of fear around real estate and contracting sector, report agencies.

Based on forecasts of modest economic growth coupled with worries surrounding real estate and contracting sectors, rating agencies and banking sector analysts expect a sector-wide asset growth in lower single digits and a potential increase in non-performing loans (NPLs).