Sunday 30 August 2015
 
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FGB

FGB Q2 profit boosted by lending rise

First Gulf Bank (FGB), the third largest lender by assets in the UAE, posted an 8 per cent rise in second-quarter net profit on Sunday, with performance bolstered by growth in new lending and a drop in bad loans. The results conti

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LIC Bahrain honours bancassurance partner

Bahrain-based life insurance firm LIC International has awarded its bancassurance partner UAE-based FGB (formerly known as First Gulf Bank) for achieving record sales of one billion dirhams as first premium income. LIC Internation

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First Gulf Bank beats estimates with 20pc profit jump

First Gulf Bank, the United Arab Emirates' third-largest lender by assets, beat estimates as it reported a 20 per cent increase in third-quarter net profit on Monday thanks to higher fee income and lower provisions for bad loans.

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FGB appoints head of corporate finance

FGB, one of UAE’s leading banks, has announced the appointment of Michael Aissaoui as its corporate finance specialist. In his new role within FGB’s wholesale banking group, Aissaoui will oversee the expansion of the bank&rs

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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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FGB acquires share capital of Dubai First

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

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First Gulf Bank raises $650m from 5-year bond

UAE lender First Gulf Bank  raised $650 million from the sale of five-year Islamic bonds, or sukuk, on Tuesday, in a significantly oversubscribed deal that benefited from solid global demand for Sharia-compliant paper.  The suku

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Abu Dhabi's FGB Q2 profit up 13pc

First Gulf Bank  (FGB), UAE's second largest lender by market value, posted a 13 percent rise in second quarter net profit, beating analysts' forecasts, helped by a rise in net interest income.        &

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FGB sets up new $3.5bn sukuk programme

Abu Dhabi's First Gulf Bank (FGB) has set up a new $3.5 billion Islamic bond programme, a London Stock Exchange filing showed, paving the way for the lender's first sukuk sale. FGB, 67-percent owned by Abu Dhabi's ruling family

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First Gulf Bank ups foreign ownership limit

First Gulf Bank, the UAE's second largest lender by market value, said it is raising its foreign share ownership limit to 25 percent from 15 percent, as it seeks to attract more investors. The bank's board approved a proposal to raise the

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