Case Study: First Gulf Bank achieves faster financial reporting (days to hours) and improved data integrity with Oracle

FGB Reduces Financial Reporting From Days to Hours, Improves Data Integrity by Integrating Financial Applications into a Single Platform

FGB (First Gulf Bank), a leading Abu Dhabi–headquartered bank founded in 1979, sought to modernize and unify its finance landscape across 21 UAE branches and international offices. The bank’s key challenges were slow, fragmented management reporting and inconsistent financial data from disparate systems, limited visibility into customer and product profitability, and the need for best‑practice fund‑transfer‑pricing (FTP) and stronger staff capabilities for evolving reporting demands.

FGB implemented Oracle Financial Services Analytical Applications integrated with core systems (Temenos T24, Oracle Financials, Oracle BI) with Oracle Consulting and training from Oracle University. The solution created a single chart of accounts and automated data validation, cutting monthly MIS reporting from seven days to one day, FTP runs from five days to one, and full financial‑statement turnaround to the first two hours of the first working day. It automated 300+ reports, became the UAE’s first bank to automate Central Bank regulatory reporting, improved liquidity and interest‑rate risk management, and delivered reliable, role‑based analytics for faster, more confident decision‑making.

First Gulf Bank

Roland Doummar

Vice President, Head of Management Information Projects