NCB Financial Group has reported a strong performance for the year ended September 30, posting a net profit of $36.9 billion, up from $21.6 billion last year.
The group's operating profit surged to $44.9 billion, driven by higher net interest income of over $78 billion and fee and commission income of $30.7 billion.
Gains from foreign currency and investment activities added nearly $21 billion while the sale of a subsidiary contributed more than $15 billion.
Insurance operations also delivered solid results with revenues climbing to $146 billion.
Customer deposits rose to $809 billion while stockholders' equity strengthened to $254 billion.
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