First Gulf Bank, Abu Dhabi's most profitable lender, said it expects to continue reporting double-digit growth amid a growth spurt in the UAE economy, which grew more than 4 per cent last year.
“Low double-digit growth is sustainable, assets loans deposits and profit. I think we are well positioned to achieve low double digit growth,” said Karim Karoui, the bank’s chief financial officer.
At a shareholder meeting on Wednesday, the bank approved a plan to distribute a dividend of Dh1 a share, after its profit gained 15 per cent in 2013. The dividend payment will equal a total of Dh3 billion.
The bank will also distribute 30 per cent in bonus shares.
The lender reported a record net income of Dh4.77 billion in 2013 from Dh4.15 bn in 2012. Its dividend payout this year is up 20 per cent from last year’s 83 fils per share dividend, the bank said.
mkassem@thenational.ae
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
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