ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 15:21 UAE time

YOUR DIRECTORY /

| Share |

First Gulf Bank posts 68% jump in Q3 net profit

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 21 October 2008
BANK BOOST: First Gulf Bank has posted a 68 percent jump in third quarter profit. (Getty Images)
BANK BOOST: First Gulf Bank has posted a 68 percent jump in third quarter profit. (Getty Images)

Abu Dhabi's First Gulf Bank beat analysts' forecasts with a 68 percent jump in third-quarter net profit to 850 million dirhams ($231.4 million).

The bank said in a statement its profit growth was due to expansion of its corporate, retail and treasury businesses.

Analysts' forecasts for First Gulf Bank's quarterly profit ranged from 733.99 million dirhams to 798.50 million dirhams in a Reuters net profit survey in September.

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST BANKING & FINANCE

  1. Cost of insuring Dubai's debt rises further
  2. Arab youth SMEs turn to family finance
  3. Dubai raises further $5bn in bond sale
  4. Aabar enters into $1.625bn loan agreement
  5. UAE banks need to improve customer service - poll

TOP MIDDLE EAST BUSINESS STORIES

  1. Job losses seen slowing in UAE - StanChart
  2. Scientists spot rare wild cat in Fujairah wadi - report
  3. Alinghi again makes case for RAK as race venue
  4. Etisalat set to launch Catch Up TV in Dec
  5. Abu Dhabi transport chiefs give Eid gift to motorists

ALSO IN MIDDLE EAST BANKING & FINANCE

  1. First Gulf Bank has at least $1.4bn Dubai exposure
  2. Need to assess Dubai before reacting – India cenbank
  3. ADCB may be owed $1.9bn by Dubai World - report
  4. Cost of insuring Dubai's debt rises further
  5. Switching it up

LATEST MIDDLE EAST BUSINESS NEWS

  1. Banking & Finance: First Gulf Bank has at least $1.4bn Dubai exposure
  2. Financial Markets: Nakheel bond prices tumble to record lows of 40
  3. Banking & Finance: Need to assess Dubai before reacting – India cenbank
  4. Real Estate: Dubai eyes new law to protect property investors - paper
  5. Energy: Nuke power is good investment op for GCC - LSE

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

FGB.ADX

Last Price:

18.50

0.000.00%

25 Nov 2009 09:59 GMT
(Market Closed)

RELATED STORIES

First Gulf Bank
| 63 stories
  1. First Gulf Bank has at least $1.4bn Dubai exposure
    27 Nov '09 | News
  2. UAE's First Gulf Bank sets guidance for $500m bond
    18 Nov '09 | News
  3. Abu Dhabi banks beat Q3 profit forecasts
    22 Oct '09 | News

RELATED LINKS

  1. First Gulf Bank»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. First Gulf Bank

  2. Financial Markets


CURRENCY CONVERTOR

Tell us your story

UPCOMING ISSUE


 

READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 17
    27 Nov ' 09 at 14:51
    Sultan,the news in the last couple of days has shocked the world all the more because we have just been hearing the "good news" for...   More  »
  2. Dubai debts crisis: latest news 05
    27 Nov ' 09 at 11:41
    Many of us believe in the great achievements of Dubai. But bleating passionate rhetoric in favor of the greatness of our City will not...   More  »
  3. UAE real estate market has now hit bottom - analysts 04
    27 Nov ' 09 at 14:40
    I agree media has become highly baised. We are fed with misleading positive news all the time which, as a result, drive investors into...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY