Home Industry Finance UAE’s First Gulf Bank Posts 16% Q2 Profit Hike, Matches Estimates The bank made a net profit of Dhs1.35 billion ($367.6 million) for the three months ending June 30. by Reuters July 22, 2014 First Gulf Bank (FGB), the second-largest lender by market value in the United Arab Emirates, posted a 16 per cent increase in second-quarter net profit on Tuesday, in line with the average estimate of analysts. FGB made a net profit of Dhs1.35 billion ($367.6 million) for the three months ending June 30, it said in an emailed statement. Six analysts polled by Reuters forecast an average net profit of Dhs1.33 billion for the quarter. 0 Comments