Submitted by Aabid Hussain on Fri, 10/23/2009 - 21:26
First Gulf Bank (FGB) has registered 9% growth in its net profit which stood at Dh930 million in the third quarter.
In the similar quarter last year, the bank had clocked a net profit of Dh850.12 million.
The bank has posted 5% growth in its net profit for the nine-month period which stood at Dh2.456 billion, over the same period last year.
Loans as well as advances surged 4.6% to Dh90 billion in the third quarter while deposits rose 6.7% to Dh89.4 billion. Total assets climbed 16% at Dh124 billion ending September 2009.
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