First Gulf Bank (FGB) will expand into three or four new foreign markets including China and South Korea in 2014, seeking to push the percentage of its profit contributed by international operations into double digits, said its chief executive.
First Gulf Bank (FGB), the second-largest lender by market value in the UAE, has posted a 13 per cent rise in third-quarter net profit on higher operating income.
The lender made a net profit of Dh1.19 billion ($324 million) for t
First Gulf Bank, the second-largest lender by market value in the UAE, said on Saturday it had acquired full ownership of an Islamic finance company as it expands its sharia-complaint operations globally.
FGB raised its ownership
Baring Asset Management, the international investment firm, is strengthening its presence in the Middle East through a tie-up with one of the UAE's leading financial institutions First Gulf Bank.
With this deal, two of US grou
First Gulf Bank (FGB), the United Arab Emirates' third largest bank, is cutting about 300 jobs, equivalent to nearly 10 per cent of its workforce, as part of a restructuring, sources familiar with the matter said.
UAE-based First Gulf Bank (FGB) acquired the entire share capital of Dh601 million ($164 million) of Dubai First, under the legal guidance of Norton Rose Fulbright Abu Dhabi.
Dubai First is a leading consumer finance company speci
First Gulf Bank (FGB), the UAE's second largest bank by market capitalisation, has acquired a consumer financial services firm from debt-laden investment firm Dubai Group for 601 million dirhams ($163.6 million), it said on Sunday.
Royal Bank of Scotland's former chief executive of its Middle East and Africa regional investment banking business is joining Abu Dhabi-based First Gulf Bank (FGB), two banking industry sources said on Tuesday.
Penney, who res
Abu Dhabi-based First Gulf Bank has fully repaid federal government funds it received as support in the wake of the global financial crisis, it said on Monday, a move other banks in the country are expected to follow in 2013.