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First Gulf Bank posts 16pc profit hike

Dubai, July 22, 2014

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.
FGB made a net profit of Dh1.35 billion ($367.6 million) for the three months ending June 30, it said in an emailed statement.
Six analysts polled by Reuters forecast an average net profit of Dh1.33 billion for the quarter. - Reuters

Tags: First Gulf Bank | increase | profit |

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