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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
First Gulf Bank (بنك الخليج الأول)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name First Gulf Bank (بنك الخليج الأول) Headquarters P.O. Box 6316, First Gulf Bank Building, Al Khalidiya Street, Abu Dhabi, UAE.; Abu Dhabi; Northern Emirates |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Ernst & Young (2012) Incorporation Date: January 1, 1979 Total Employees: 930 Tel: 971 26816666 |
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Company Description |
| First Gulf Bank was incorporated in 1979 as a public joint stock company in the UAE capital Abu Dhabi, the bank provides financial services in various business and industrial areas with a wide network of branches across the Emirates, in addition to the bankأ¢â‚¬â„¢s entities in Singapore and Libya and its representative offices in Qatar and India. Backed by a philosophy of providing and optimizing shareholder, customer and employee value, the bankأ¢â‚¬â„¢s core aim is to be a | ||
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
175,033,609 |
157,480,337 |
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Current Assets |
145,817,896 |
145,765,155 |
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Total Liabilities |
145,170,519 |
130,713,221 |
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Shareholders Equity |
29,863,090 |
26,767,116 |
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Current Liabilities |
4,321,666 |
124,415,793 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
7,644,488 |
7,073,337 |
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Operational Profit (Loss) |
5,843,876 |
5,258,846 |
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Net Profit (Loss) |
4,170,862 |
3,705,755 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.38% |
2.35% |
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Annualised Return on Assets (ROA) |
2.38% |
2.35% |
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Return on Equity (ROE) |
13.97% |
13.84% |
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Annualised Return on Equity (ROE) |
15.58% |
15.04% |
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Return on Sales (ROS) |
54.56% |
52.39% |
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Return on Capital |
3.42% |
15.9% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
76.45% |
74.35% |
| Efficiency Ratios | ||
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Current asset turnover |
0.05x |
0.05x |
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Fixed-asset turnover |
0.26x |
0.60x |
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Asset Turnover |
0.04x |
0.04x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
5,843,876 |
5,258,846 |
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EBITDA |
7,967,980 |
7,253,292 |
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Enterprise value |
146,826,183 |
140,438,951 |
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Enterprise Value / EBITDA |
18.43 |
19.36 |
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Bookvalue (BV) |
29,863,090 |
26,767,116 |
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Net Cash |
-132,326,183 |
-121,126,451 |
| Liquidity Ratios | ||
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Current Ratio |
3,374.11% |
117.16% |
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Quick ratio |
3,374.11% |
117.16% |
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Doom's day ratio |
297.21% |
7.71% |
| Leverage Ratios | ||
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Leverage ratio |
586.12% |
588.34% |
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Debt to equity |
486.12% |
488.34% |
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Debt to total assets |
82.94% |
83% |
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Long Term Debt to Capital |
82.51% |
19.05% |
| Market ratios | ||
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Market Capitalization/EBITDA |
1.82 |
2.66 |
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Market Cap / Net cash |
-0.11 |
-0.16 |
| Trend Ratios | ||
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Revenue Trend |
108.07% |
107.51% |
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Net Income Trend |
112.55% |
104.55% |
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Operating Income Trend |
111.12% |
101.45% |
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