First Gulf Bank (FGB), the leading financial partner of choice in the UAE, was awarded the “Best Local Bank in the United Arab Emirates” award for 2011 during EMEA Finance’s Annual Middle East Banking Awards.
First Gulf Bank Net Profit hits a new record and exceeds the one billion dollar mark
First Gulf Bank PJSC has received excellent investor endorsement through a 2.8 times oversubscription of its USD 500 million Sukuk issuance. Transaction commenced yesterday, on January 12, 2012 and ended on the same day at a total value of USD 1.4 bn.
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 […]
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 […]
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 […]
The Board of Directors of First Gulf Bank, the leading financial partner of choice in the UAE, today held a meeting at FGB headquarters and discussed the foreign ownership limit of the bank. The Board of Directors approved an increase in the foreign ownership limit from 15% to 25%.
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 […]
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%
First Gulf Bank PJSC (FGB) halted operations in Libya in comply with United Nations sanctions months after it opened its second branch, the National newspaper reported today citing Chief Executive Andre al Sayegh.