Abu Dhabi's First Gulf Bank Q2 net up 2%

29 July 2010

Abu Dhabi's First Gulf Bank has posted a 2% rise in second-quarter profit of Dhs787m, up from Dhs775.2m from a year earlier. Revenues rose 12% to Dhs1.467bn and net interest income increased 9% to Dhs1.043bn. NPLs were 2.5% of total gross loans but the bank has provisions coverage of 126%, the bank said.

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