FGB (formerly known as First Gulf Bank) was the third largest bank by assets in the United Arab Emirates (UAE),[1] until it merged with the National Bank of Abu Dhabi in December 2016 to form First Abu Dhabi Bank, creating the largest bank by assets in the UAE.[2] 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[3]