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From Bloomberg: First Gulf Bank PJSC said second- quarter profit rose 2 percent, less than analysts’ expected, as the United Arab Emirates lender controlled by Abu Dhabi’s ruling family set aside more money to cover for bad loans.
Net income climbed to 787 million dirhams ($214 million) from 775 million dirhams a year earlier, the Abu Dhabi-based bank said in an e-mailed statement today……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Performance more
First Gulf Bank profit increases 2pct, below estimates
| Posted on 29 July 2010 |
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