14.07.2011 - Abu Dhabi's FGB Q2 profit up 13 pct; beats estimates

First Gulf Bank (FGB), UAE's second largest lender by market value, posted a 13 percent rise in second quarter net profit, beating analysts' forecasts, helped by a rise in net interest income. The lender, majority owned by Abu Dhabi's ruling family, made a net profit of 890 million dirhams ($242.5 million) for the three month period ending June 30, compared with 787 million dirhams in the prior-year period..............................................Full Article: Source

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