UAE's First Gulf Bank Q1 net profit falls 6 pct on lower fee income

April 27, 2016 12:55 PM

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DUBAI, April 27 First Gulf Bank on Wednesday posted a 6 percent fall in first-quarter net profit as income from fees and commission slipped.

The third largest bank by assets in Abu Dhabi made a net profit attributable to shareholders of 1.33 billion dirhams ($362.2 million) in the three months to March 31, compared to 1.42 billion dirhams in the same period a year ago, it said in a bourse statement.

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