FGB posts 15% growth in 2013 net income

January 30, 2014 9:03 am

Abu Dhabi-based First Gulf Bank (FGB) has posted a 15% rise in full-2013 net profit to Dhs4.77bn, compared with Dhs4.15bn a year earlier, Gulf News has reported. Fourth-quarter net profit grew 19% to Dhs1.37bn, compared with Dhs1.15bn in the same quarter a year ago Full-year revenues also jumped 16% year-on-year to Dhs8.42bn, and 23% in the fourth quarter to Dhs2.48bn.