type public traded as adx fgb industry financial services founded 1979 headquarters abu dhabi uae products wholesale banking consumer banking treasury and investments number of employees 2 000 website http www.fgb.ae fgb formerly known as first gulf bank is currently the third largest bank by assets in the united arab emirates uae . 1 established in 1979 fgb is headquartered in the emirate of abu dhabi . fgb offers a wide range of financial services in the wholesale consumer and treasury banking sectors including islamic banking and bancassurance solutions for businesses and consumers via a network of branches across the uae . internationally fgb has a branch in singapore that includes global wealth management services and a branch in qatar representative offices in london india hong kong and seoul south korea and a subsidiary in libya . in 2013 the bank restructured its business into three divisions the wholesale banking group the consumer banking group and the treasury & global markets group . in the same year fgb also announced that it had acquired full ownership of shariah compliant finance company aseel islamic finance 2 and consumer finance firm dubai first . 3 contents 1 growth and successes 2 international activities 3 new brand 4 sponsorships 5 executives 6 external links 7 references growth and successes edit fgb has shareholder equity of aed 34.1 billion as of december 31 2014 4 making it one of the largest equity based banks in the uae . fgb reported a total net profit of aed 5.66 billion in 2014 which represents an 18 % increase when compared with aed 4.77 billion achieved in 2013 . 5 2014 also marked the 15th consecutive year of uninterrupted net profit growth for the bank . citation needed the bank s consistent performance led to a financial strength rating of a from capital intelligence in 2014 . 6 in 2013 ram ratings provided the bank with an aaa grade 7 and fgb s long term rating was affirmed at a by fitch . 8 forbes middle east ranked fgb as the 8th most powerful company and 4th leading bank in its 2014 top 500 companies in the arab world list . 9 fgb was also named the best bank in the united arab emirates and best wealth management firm at the banker middle east industry awards 2014 . 10 international activities edit throughout 2014 fgb enhanced its presence in the asia pacific market with the launch of a new representative office in south korea 11 and a global wealth management service at its singapore branch . 12 the bank also opened a new representative office in london and has announced plans to open a new office in china in the future . 13 fgb s other international activities in 2014 include the conclusion of a negotiable certificate of deposit ncd programme via its singapore branch 14 and the issuance of the bank s debut 250 million australian dollar usd 228.35 million kangaroo 5 year bond . 15 fgb has also received approval for a sukuk issuance in malaysia 16 and became the first mena issuer in the tokyo pro bond market selling a debut 10 billion yen usd 98.2 million bond . 17 new brand edit in april 2014 fgb formerly known as first gulf bank unveiled its current logo after announcing a shift in the bank s corporate identity . 18 as part of the rebrand the bank adopted the acronym fgb which was already widely used by its stakeholders . fgb remains first gulf bank in arabic however and no changes have been made to the bank as a legal entity . fgb announced to media that the rebrand was part of a long term strategy to grow the bank locally and internationally and reflects its uae and abu dhabi heritage commitment to emirati development and aspirations and ambitions for further success and growth in the future . citation needed sponsorships edit fgb is a sponsor of ferrari world abu dhabi fwad the largest indoor and the only ferrari branded theme park in the world . fgb sponsors the junior gt ride at fwad which is part of its driving school where children receive their first training about road safety and discipline and learn about the essential rules they will need to abide by once they start driving . the bank also sponsors the al ain sports & cultural club and in 2014 launched the fgb arena 19 which is located in zayed sports city abu dhabi . the fgb arena is home to a range of regular programmes from sports and music events through to conferences and exhibitions . managed by an operator in co operation with fgb the venue can accommodate up to 6 000 spectators . executives edit board of directors h.h. sheikh tahnoon bin zayed al nahyan chairman ahmed ali al sayegh vice chairman khaldoon khalifa al mubarak board member sultan khalfan al ktebi board member mohammed saif al suwaidi board member jassim al siddiqi board member abdulhamid mohammed saeed member & managing director management team andr sayegh chief executive officer zulfiqar sulaiman chief operating officer arif shaikh chief risk officer karim karoui chief financial officer sara al binali head of strategic planning shirish bhide acting head of wholesale banking group hana al rostamani head of consumer banking group tg ramani acting head of treasury & global markets group melvin fraser acting head of human resources rajesh deshpande acting head of wholesale credit group jasim al ali chief executive officer first gulf properties & mismak properties nurendra perera head of internal audit external links edit official website aseel islamic finance dubai first fgb credit cards fgb wealth management products references edit first gulf bank to set up 1.07 billion sukuk in malaysia reuters march 6 2014 first gulf bank taps rising demand for sharia finance with purchase of aseel the national october 26 2013 first gulf bank completes acquisition of dubai first gulf news november 6 2013 fgb 2014 net profit at aed 5.66 billion up 18 % from 2013 zawya january 28 2015 record profit for big abu dhabi banks the national january 28 2015 first gulf bank ratings affirmed with stable outlooks capital intelligence june 25 2014 ram ratings assigns aaa stable p1 ratings to first gulf bank the uae s third largest bank ram ratings march 6 2014 rpt fitch affirms first gulf bank at a ; outlook stable ; upgrades vr to bbb reuters april 8 2013 fgb ranked in top 10 companies and named 4th leading bank in the arab world by forbes middle east ame info june 19 2014 fgb named best bank in united arab emirates and best wealth management firm zawya june 4 2014 fgb begins operations in seoul gulf news july 14 2014 fgb launches global wealth management service in singapore gulf news may 5 2014 fgb s wholesale group to take part in deals worth 15b gulf news february 4 2014 fgb sets up 1b singapore programme to fund asian expansion gulf today april 16 2014 first gulf bank follows nbad with middle eastern kangaroo bond bloomberg march 24 2014 fgb to set up 1.07 b sukuk in malaysia gulf today march 7 2014 fgb concludes 5 year bond on new tokyo pro bond market wam june 26 2014 new name and growth focus for first gulf bank the national april 20 2014 inaugurating the fgb arena in abu dhabi albawaba february 4 2014 retrieved from https en.wikipedia.org w index.php title first gulf bank & oldid 744163941 categories banks of the united arab emiratescompanies based in abu dhabicompanies listed on the abu dhabi securities markethidden categories pages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from october 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable 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