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First Gulf Bank, NBAD revenue jumps to 12.4pct in Q1

22 Apr 2017

(MENAFN) The National Bank of Abu Dhabi and First Gulf Bank posted an USD797mn in net profits for the first quarter of the year, a 12.4 percent increase from Dh2.60bn in the same period of 2016.

The increase is attributed to a robust operational performance and growing investments yields in addition to successful risk mitigation and cost optimization policy.

Accordingly, the First Abu Dhabi Bank is moving ahead with its strategic objectives with a higher level of confidence due to the solid foundation the bank is based on.

In addition, the positive deliverables made in the cited quarter of the year are attributable as well to the remarkable increase in the bank”s assets due to its powerful fiscal position.

MENAFN2204201700450000ID1095408973

MENAFN2204201700450000ID1095408973

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