Abu Dhabi-Mubasher: First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) jointly posted net profits of AED 5.3 billion ($1.44 billion) in the first half of 2016.

Total assets of both banks stood at AED 660.9 billion in H1-16, according to pro forma condensed consolidated financials.

Customer accounts and other deposits of both banks reached AED 383 billion in H1-16, while total loans stood at AED 356.3 billion in the same half.

Net interest and Islamic financing income amounted to AED 6.82 billion, whereas operating income stood at AED 9.78 billion.