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FGB, NBAD merger creates First Abu Dhabi BankFollowing the legal completion of the merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) on April 1, the combined bank will be now known as First Abu Dhabi Bank. The merged bank began trading on the Abu Dhabi Sec More… |
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FGB, NBAD directors discuss key merger issuesThe board of directors of the combined entity that will result from the merger of FGB and the National Bank of Abu Dhabi (NBAD), met today and took some key decisions to ahead of the legal completion of the merger in the coming weeks. More… |
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First Gulf posts record profit of $1.64bn for 2016First Gulf Bank(FGB) registered a record profit of Dh6.03 billion ($1.64 billion) for the full year 2016, compared to Dh6.01 billion in 2015, marking its 17th consecutive year of consistent growth in profitability. Full year 2016 More… |
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NBAD, FGB win approval to set up $175bn bankLeading Abu Dhabi lenders National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) said its boards of directors have recommended merging the two banks with the deal expected to be completed in the first quarter of 2017. The mer More… |
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LBC Express, FGB to launch easy payment cargo servicesLBC Express, a leading courier and cargo solutions provider in the Philippines, has partnered with FGB, one of the UAE’s leading financial institutions, to offer its customers an instalment payment scheme at zero interest for cargo service More… |
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First Gulf Bank Q4 net profit rises 11pcFirst 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 More… |
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First Gulf Bank cuts close to 100 jobs: reportFirst Gulf Bank (FGB), the third-largest lender by assets in the United Arab Emirates, has cut close to 100 jobs, three sources aware of the matter said on Monday, in the latest sign of Gulf banks adjusting to deteriorating market conditions. More… |
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FGB Q2 profit boosted by lending riseFirst 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 More… |
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LIC Bahrain honours bancassurance partnerBahrain-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 More… |
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First Gulf Bank beats estimates with 20pc profit jumpFirst 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. More… |
