National Bank of Fujairah posts net loss of Dhs475m for 2020
National Bank of Fujairah (NBF) has recorded a net loss of Dhs475.3m for 2020, marking a 186 percent drop from Dhs552.2m in net profit recorded in 2019.
The decline was attributed to a substantial increase in impairment provisions and lower operating profit. The board of directors did not propose a distribution of…
