First Gulf Bank launches Personal Budgeter Savings Application

Initiative is in line with FGB’s understanding of the market and its commitment to providing innovative products User-Friendly Savings Aid Application Tailored to Fit the Lifestyle of UAE Residents First Gulf Bank (FGB), as one of the leading financial partners of choice in the UAE and with its deep understanding of the UAE community and […]

FGB first conventional bank in UAE to issue Sukuk

First Gulf Bank, the leading financial partner of choice in the UAE and the region, will begin its meetings with Fixed Income investors in Asia, UAE and Europe over the coming week starting on Thursday the 21st of July. Following which an issuance under the FGB Sukuk Company Limited U.S. $3,500,000,000 Trust Certificate Issuance Programme […]

First Gulf Bank scores 13% growth in Q2

Consistent profit growth for the fourth consecutive quarter, Q2 2011 net profit up 1.7% compared  to Q1 2011 Q2 2011 core banking revenues 11% higher at AED 1,550 Mn from AED 1,399 Mn in Q2 2010 representing 97% of total revenue compared to 95% in Q2 2010 Total Assets up 6% to AED 149,229 Mn […]

First Gulf Bank partners with Tawteen to empower Emirati Youth

FGB team during the Employment Expo

First Gulf Bank (FGB) launched a new project for Emirati Youth in collaboration with Tawteen, the major strategic initiative of the Emirates Foundation, at the Employment Expo which was held recently at the Higher Colleges of Technology in Abu Dhabi. This project, which is the first of its kind in the UAE aims to offer […]

First Gulf Bank: 1Q 2011 Results

Net profit reported at AED875.3mn against AED919.7mn; down 5%YoY Result was largely in line with expectations; variance of 3.4% from our estimates Net interest income up by 10%YoY, total income down by 3%YoY Provisioning levels still high, but down by 7%YoY Asset quality resists deterioration, NPLs ratio at 3.7%, coverage at 97%