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First Gulf Bank Q1 net profit jumps 12pcFirst Gulf Bank (FGB), the second-largest lender in the UAE by market value, posted a 12 per cent increase in first-quarter net profit on Monday but missed the average forecast of analysts. FGB More… |
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First Gulf Bank repays $1.2bn govt supportAbu 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. The More… |
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First Gulf Bank Q4 profits up 12pc, beats forecastFirst Gulf Bank, the UAE's second-largest lender by market value, on Wednesday beat analysts' expectations with a 12-per cent rise in fourth-quarter net profit, boosted by higher interest income and Islamic financing. The More… |
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FGB investor relations head quitsThe head of investor relations at First Gulf Bank has resigned from the bank to move to Qatar, the bank said on Sunday. Joe Mallouf is leaving to join Al Khaliji Bank in Qatar on Jan. 13, FGB said in an emailed response to questio More… |
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First Gulf Bank signs $900 million loanFirst Gulf Bank, the second-largest lender by market value in the United Arab Emirates, has signed a three-year $900 million loan with a group of international lenders, the bank said in a statement on Tuesday. The senior unsecured More… |
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First Gulf Bank Q3 profit rises 15pcFirst Gulf Bank, UAE's second largest lender by market value, posted a 15-per cent rise in third-quarter profit, helped mainly by higher income at its core businesses. The lender, majority-owned by Abu Dhabi's ruling famil More… |
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First Gulf Bank launches 5-yr $650m bondAbu Dhabi-listed First Gulf Bank launched a $650 million five-year bond on Monday, the first major Gulf borrower to issue since the traditional summer lull, taking advantage of healthy investor demand for regional debt. The bond l More… |
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First Gulf Bank plans benchmark bond saleFirst Gulf Bank (FGB), the second-largest lender by market value in the UAE, has hired five banks for a new benchmark-sized bond sale, three sources familiar with the matter said on Tuesday. FGB picked Citigroup Inc, HSBC Holdings More… |
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FGB hires banks for $800m loanFirst Gulf Bank (FGB) has mandated eight banks to arrange an $800 million loan to fund its growth and expansion, the Abu Dhabi-based lender said. The banks that have been mandated include Bank of Tokyo-Mitsubishi UFJ (MUFJ), Citib More… |
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Arkan wins $381m loan to fund new projectsAbu Dhabi-based Arkan Building Material Company has secured a Dh1.4 billion loan ($381.16 million) from mainly local banks to refinance existing debt and fund new projects, it said on Wednesday. The new loan carries a 6-1/2 year maturity a More… |
