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Islamic Finance Briefing - Categorized | Banking, Market Moves more

United Gulf Bank net profit surges 128pct

Posted on 03 November 2010

From Gulf-daily-news.com: United Gulf Bank (UGB), the asset management and investment banking platform of the Kipco Group, saw net profit in the first nine months of the year jump 128 per cent to $41.4 million. Net profit for the third quarter was up 218pc to $9.9m.
Total income for the third quarter rose by 28.6pc to $33.2m, taking income for the nine-month period ahead by 15.2pc to $105.7m……………………………………….Full Article: Source

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