reports
- Please Change Name Nitish Bhojnagarwala
Moody's: Large UAE banks' post solid Q4 profitability supported by sta...
DIFC- Dubai, February 13, 2017-- In Q4 2016, the five largest banks in the United Arab Emirates-- Emirates NBD PJSC, National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, First Gulf Bank, and Dubai Islamic Bank PJSC-- posted solid profitability, says Moody's Investors Service in a report published today. Moody's report, entitled "United Arab Emirates-- Five Large Banks; Solid Q4 Performance, Supported by Stable Core Income," is available on www.moodys.com. Moody's subscribers can access this...
- Iram BENCHELBI
Acknowledgment to the exceptional sale!
FGB, 2K16 was marked by: • A poor 0.33% increase of its Attributable Net Profit, reaching AED6.026bn vs AED6.006bn in 2015. • A 14% decrease to AED3.688bn of Impaired loans vs AED4.294bn in 2015. • A +3.2% cost of risk during 206 at AED1.452bn vs. AED1.407bn 2015. More… • Loans and advances to customers grew to AED156.748bn by 2016, i.e. +4.66% compared to 2015’ AED149.766bn. • Deposits recorded an additional AED6.77bn during 2016, to amount AED149.234bn, i.e.
- MarketLine Department
First Gulf Bank PJSC - Strategy, SWOT and Corporate Finance Report
Synopsis First Gulf Bank PJSC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company. Summary - Detailed information on First Gulf Bank PJSC required for business and competitor intelligence needs - A study of the major internal and external factors affecting First Gulf Bank PJSC in th...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Q3 review: Bottom line boosted by investment property gains
​Bottom line boosted by investment property gains, should help beat revenue and earnings target for FY 16e​Excluding one-off gain on sale of investment properties of AED 473m during Q3, a slight earnings beat of +1.2%, +6.5% q/q and -2.0% y/y. FGB is left with AED 6bn of investment properties on its books after it sold this AED 2.3bn worth of properties.Margins improved sequentially during the quarter underpinned by asset re-pricing (corporate) and improved yields on bond portfolio and bette...
- Iram BENCHELBI
As we expected!
FGB, Q3-16 was marked by: • A 43% boost of its Attributable Net Profit, reaching AED1.878bn vs AED1.420bn in Q3-15. • A 5% decrease to AED2.6m of Impaired loans vs AED2.7m in Q3-15. • A +32% cost of risk during Q3’16 at AED419.693m vs. AED316.866m during Q3’15. More… • Loans and advances to customers grew to AED156bn by Sep’16, i.e. +1.4% compared to Sep’15 AED154bn. • Deposits recorded an additional AED1.2bn during 2016’s 3rd quarter, to amount AED140.912bn, i.e.
An exceptional year saved by the Other Income…
FGB, one of the leading banks in the UAE, released its Q4 2015 figures. The bank continued to maintain its strong position in the UAE’s banking sector, and recorded a net profit at AED1.72bn, 10.8% higher than Q4 2014. For the whole year, the net income rose by 6.2%, reaching AED6.006bn. This was mainly due to the increase in: the Net Banking Income, by 0.32% to AED8.130bn (presenting 86.2% of the total operating revenues), and Other Income, by 51.3% to AED1.304bn.
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