National Bank of Umm Al-Qaiwain (NBQ) reported a net profit of AED193mn for 1H16 versus AED149mn for 1H15 (after excluding one-offs of AED272mn). Loans were up 11% Y-o-Y, while deposits rose 7% Y-o-Y. The bank’s CAR stood at 31% and Tier 1 ratio was at 30%. Liquidity was quite satisfactory with advances to stable resources ratio at 74% as at 2Q16 against regulatory maximum of 100%. (Company disclosure)
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