National Bank of Fujairah PJSC Reports Impairment Loss for the Quarter Ended March 31, 2020

National Bank of Fujairah PJSC (NBF) is a United Arab Emirates-based public shareholding company engaged in the provision of commercial banking and financial services through a network of 14 branches. The Bank, along with its subsidiary, operates in three business segments: the Wholesale banking segment offers a range of products and services, including credit and trade finance products, and services to large sized and small to medium size corporate customers through separate units and to financial institutions, as well as accepts deposits; the Retail banking segment offers a range of products and services to individuals and high net worth individuals, including personal and mortgage loans, credit cards, other transactions and balances, and accepts deposits, and the Treasury, Asset and Liability Management (ALM) and others segment undertakes the Bank’s asset and liability management.In June, 2013, the Bank established a new wholly owned subsidiary, NBF Capital Limited.