Union National Bank, 50 per cent owned by the Abu Dhabi government, posted a 42 per cent rise in fourth-quarter net profit on Tuesday.
The fifth-largest lender in the emirate by assets reported a net profit of Dh436 million ($118.
Al Wifaq Finance Company, the Islamic unit of UAE-based Union National Bank, said it has joined the Dubai Multi Commodities Centre (DMCC) Tradeflow platform.
With this move, Al Wifaq aims to conduct new innovative commodity Muraba
Abu Dhabi's Union National Bank (UNB) posted a 3.5 percent rise in first-quarter net profit on Monday, beating the estimates of analysts who had expected its earnings to shrink.
The bank made a profit of 512.1 million dirhams
Al Yousuf GreenTech (AGT), a leading provider of energy-saving electrical solutions, has partnered with the UAE-based Union National Bank (UNB) to launch the first-of-its-kind 'Green Loan' service in the region.
Two major banks in the UAE capital - Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) - have repaid Dh5.5 billion ($1.49 billion) in UAE government support they received in the wake of the global financial crisis, following the lea
Union National Bank (UNB), Abu Dhabi's fourth-largest lender by market value, said it has posted an 8.6 per cent rise in quarterly profit, helped by higher interest income and income from Islamic financing.
The bank said it ma
Abu Dhabi's Union National Bank (UNB) will aim to price a benchmark-sized five-year dollar-denominated bond this week, as Middle Eastern issuers spot a window in volatile economic conditions to return to the debt market.
The bank has m
Abu Dhabi lender Union National Bank (UNB), may raise medium-term debt to partly repay a $1 billion term-loan maturing in December, its bond prospectus showed.
The bank, which held roadshows in Abu Dhabi and Dubai on Sunday for the potenti
Union National Bank , jointly owned by the governments of Abu Dhabi and Dubai, posted a 23-percent rise in second-quarter net profit, beating analysts forecasts, as higher impairment losses were offset by a surge in net interest income.
Abu Dhabi's Union National Bank said on Tuesday it has not mandated banks for a bond issue and would consider a sale only when market conditions allowed.
The lender, which is jointly owned by the governments of Abu Dhabi and Dubai, issued