The First Gulf Bank, based in Abu Dhabi, recorded 61.7 million Emirati Dirhams ($16.7 million) in profits in 2001, reported Al-Hayat . This profit volume implies a 23 percent growth compared with 2000, in which the bank’s profits totaled Dh 50.2 million. Recorded profits in 2001 are the bank’s highest since its establishment in 1980. The bank’s earnings per share grew from 14 filses to 17 filses during the same period. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
