FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results on Wednesday for the first quarter of 2023 ending on March 31. NBF recorded year-on-year growth of 151.8 percent to close the three month period at a net profit of AED 152.0 million compared to AED 60.4 million in the corresponding period of 2022. This demonstrates the bank’s enhanced ...

RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (RAKBANK) on Wednesday reported its financial results for the first quarter of 2023 (Q1 2023) ending on March 31. RAKBANK delivered a Net Profit increase of 105 percent for Q1 2023 driven by a robust and diversified growth on both sides of the balance sheet. This was underpinned ...

BLOOMBERG UBS Group AG warned that wealthy clients are turning increasingly risk-averse, adding to challenges for Switzerland’s largest bank as it embarks on the complex task of integrating Credit Suisse Group AG. Shares of UBS fell as much as 5.4% in Zurich trading after the lender reported the weakest quarterly profit in more than three years, along with an outlook ...