First Gulf Bank posts Dh1.19 billon Q3 net profit | GulfNews.com

First Gulf Bank posts Dh1.19 billon Q3 net profit | GulfNews.com:

"First Gulf Bank (FGB) on Monday reported third quarter net profit at Dh1.19 billion, up 12.8 per cent compared to Dh1.05 billion in the same period last year.
The bank’s operating income increased by 13.3 per cent to Dh2.05 billion. Net interest and Islamic financing income stood at Dh1.52 billion in the third quarter of 2013, up 8.6 per cent year-on-year as the net interest margins improved to 3.68 per cent, from 3.62 per cent as of June-end 2013 and 3.58 per cent in March 2013.
“During the third quarter, FGB continued to witness notable growth in its core businesses, confirming its strategy to primarily develop its business based on solid organic growth."

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