The National Bank of Ras Al-Khaimah (P.S.C.) reported preliminary consolidated earnings results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income of AED 687.8 million against AED 687.1 million a year ago. Total income was AED 936.6 million against AED 922. 5 million a year ago. Operating profit before provisions for impairment was AED 572.3 million against AED 569.3 million a year ago. Net profit was AED 204.2 million against AED 108.7 million a year ago.

For the full year, the company reported net interest income of AED 2,723.2 million against AED 2,825.1 million a year ago. Total income was AED 3,809.9 million against AED 3,839.3 million a year ago. Operating profit before provisions for impairment was AED 2,363.5 million against AED 2,470.7 million a year ago. Net profit was AED 810.5 million against AED 663.0 million a year ago. Return on equity was 10.6% against 8.7% a year ago. Return on assets was 1.8% against 1.6% a year ago. Earnings per share were AED 0.48 against AED 0.39 a year ago.

The Board of Director of the Bank proposed a dividend of 30 fils per share which is same as the precious year.