Abu Dhabi's First Gulf Bank beat analysts' forecasts in the fourth quarter posting a 57 per cent increase in profit to Dh621 million.
Net profit in the year-earlier period was Dh394.44 million, according to earlier financial statements.
Assets at December 31 were Dh73 billion, a bank official told Reuters, declining to be identified.
Analysts' forecasts for the bank's fourth-quarter profit ranged from Dh371.85 million to Dh511.52 million, in a Reuters survey last month, with the average of eight forecasts at Dh438.2 million. (Reuters)
First Gulf Bank’s Q4 profit surges 57%