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Islamic Finance Briefing - Categorized | Banking, Market Moves more

First Gulf Bank keeps costs under control

Posted on 23 April 2010

From Gulfnews.com: First Gulf Bank has managed to maintain margins higher than most peers at 3.63 per cent for the first quarter of this year, resulting in a robust 23 per cent on-year increase in net profit to Dh920 million, analysis of its financial statement shows.
“The balance sheet is still growing, margins are stable, operating costs remain under check and the capital base is extremely strong,” said Al Mal Capital Vice-President Deepak Tolani, who has an “outperform” rating on FGB………………………………………Full Article: Source

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