| The lender's profits were boosted by higher interest income and Islamic financing. First Gulf Bank, the UAE’s second-largest lender by market value, on Wednesday beat analysts’ expectations with a 12-per cent rise in fourth-quarter net profit, boosted by higher interest income and Islamic financing.
The bank made a net profit of Dhs1.15 billion ($313.1 million) in the final three months of 2012, up from Dhs1.02 billion in the same period of 2011. Six analysts polled by Reuters forecast an average net profit of Dhs1.024 billion for the quarter...............................................Full Article: Source
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