The National Bank of Ras Al-Khaimah (P.S.C.) Reports Preliminary Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2017; Proposes Dividend for the Year Ended December 31, 2017
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.