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First Gulf Bank

First Gulf Bank Q4 net profit rises 11pc

First Gulf Bank, the third-largest lender by assets in the UAE, beat estimates on Sunday as it posted an 11 percent rise in fourth-quarter profit. FGB made a net profit of Dh1.72 billion ($468.4 million) in the three months ending

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First Gulf raises $1bn in three-year loan

First Gulf Bank (FGB), the third largest lender by assets in the United Arab Emirates, has raised $1 billion in loans in order to boost lending as liquidity in the economy tightens, banking sources said. Banks in the Gulf are turn

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First Gulf Bank Q1 profit falls short of estimates

First quarter net profit from First Gulf Bank (FGB) failed to match analyst estimates on Wednesday despite rising by 7 per cent thanks to higher fee income. Defying fears that a lower oil price might start to impact the profitabil

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Gulf Capital closes $231m credit facility

Gulf Capital, a top alternative asset manager, has closed a Dh850 million ($231 million) syndicated revolving credit facility lead arranged by Abu Dhabi Commercial Bank as initial mandated lead arranger and First Gulf Bank as mandated lead arran

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First Gulf Bank Q4 net profit up 13pc

First Gulf Bank, the third-largest lender in the UAE by assets, beat analysts estimates on Wednesday after posting a 13 per cent rise in fourth-quarter net profit. It was helped by setting aside significantly less cash for bad loa

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First Gulf Bank eyes Asia for expansion

First Gulf Bank (FGB) is looking at options to expand in Asia, a senior executive said on Thursday, as it seeks to diversify away from the congested market in the UAE. Banks from the Gulf state - and the region in general - have b

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First Gulf Bank posts 16pc profit hike

First Gulf Bank (FGB), the second-largest lender by market value in the UAE, posted a 16 per cent increase in second-quarter net profit on Tuesday, in line with the average estimate of analysts.

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First Gulf Bank prices debut yen bond

UAE-based First Gulf Bank (FGB) on Thursday said it sold a debut 10 billion yen ($98.2 million) bond as part of its strategy to diversify funding sources and expand into new markets. The five-year bond carried an annual coupon of

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First Gulf Bank Q1 net profit rises 27pc

First Gulf Bank (FGB), the second-largest lender by market value in the UAE, posted a 27 percent jump in first-quarter net profit on Wednesday, becoming the latest UAE bank to post strong quarterly profit growth. FGB, majority-own

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First Gulf to set up $1bn sukuk in Malaysia

Abu Dhabi's First Gulf Bank, the third-largest bank by assets in the UAE, will raise 3.5 billion ringgit ($1.07 billion) with Islamic bonds in Malaysia, according to a statement on Thursday by credit rating agency RAM Ratings.

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