First Gulf Bank (FGB) reported a 4.8 per cent decline in quarterly profit on Monday, missing estimates, as the lender’s 2010 results were buoyed by a one-time gain.
FGB, the United Arab Emirates’ second largest lender by market value, said it had first quarter net profit of Dh875 million ($238.2 million). Profit stood at Dh919.73 million in the prior-year period, according to Reuters data……………………………………….Full Article: Source