Total Shareholders’ Equity was AED26bn ($7bn), and Capital Adequacy Ratio was at 21.2% during the latest quarter.
FGB CEO Andre’ Sayegh said the bank has started 2012 with a strong momentum and it continues to display a consistent growth.
"Net profits were split between 97 per cent contributions from our core banking businesses, while the remaining 3 per cent were generated from the subsidiaries and associated companies of the group," Sayegh said.
By the end of 31 March 2012, the earnings per share were AED0.30, 11% higher than AED0.27 during the same quarter period of previous year.
The corporate and the retail bank segment generated income from fees and commissions was summed up ADE307m ($83.57m), which is 24% less than the income generated from the same segment during the same period of last fiscal.
FGB’s focus on its emerging global expansion plans continued to generate positive results and the revenue made by the international centers for Q1 2012 contributed 4% to the Net Profit.
FGB managing director and board member Abdulhamid Saeed said the bank was actively expanding its geographical footprint in strategic markets.
