UAE's biggest lender FAB posts fourth quarter net profit rise
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DUBAI (Reuters) - First Abu Dhabi Bank , the biggest lender in the United Arab Emirates (UAE), posted a 5% rise in quarterly profit on a rise in non-interest income, but like other rivals also saw a jump in impairment charges in the last quarter. FAB's fourth-quarter profit was 3.08 billion dirhams (638.01 million pounds), up from 2.93 billion dirhams, it said in a statement. Arqaam Capital had a forecast of 3.0 billion dirhams, and EFG Hermes had projected 3.08 billion dirhams. The result came..