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.
Analysts polled by Reuters had estimated an average profit of 885.3 million dirhams for the second-quarter.
No comments:
Post a Comment