First Gulf Bank (FGB), the second-largest lender by market value in the United Arab Emirates, posted a
15-percent rise in third-quarter net profit, beating analysts' forecasts.
The lender, majority-owned by Abu Dhabi's ruling family, made a net profit of 1.05 billion dirhams ($285.9 million) for the three months ending September 30, compared with 920 million dirhams in the prior-year period, it said in a statement on Monday.
Analysts polled by Reuters had estimated an average profit of 1.02 billion dirhams for the third quarter.
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