UPDATE 1-First Gulf Bank quarterly profit falls short of estimates

April 22, 2015 1:08 PM

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ABU DHABI, April 22 (Reuters) - First quarter net profit from First Gulf Bank (FGB) failed to match analyst estimates on Wednesday despite rising by 7 percent thanks to higher fee income.

Defying fears that a lower oil price might start to impact the profitability of banks, the earnings of banks from the United Arab Emirates have been strong so far.

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