Abu Dhabi-Mubasher: First Gulf Bank (FGB) posted profit growth of 11% to AED 1.72 billion ($468 million) in the fourth quarter of 2015, compared to AED 1.55 billion ($422 million) in the same quarter of 2014, according to the bank’s statement on Sunday.
In the fiscal year ended 31 December 2015/16, profits rose 6% to AED 6.01 billion from AED 5.66 billion in the fiscal year 2014/15.
The bank’s board proposed 100% cash dividends or AED 1 per share for FY15, totalling AED 4.5 billion.
The shareholders will meet on 24 February to discuss the board’s proposals.
