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
A sharp rise in provisions for bad loans weighed on Abu Dhabi's Union National Bank (UNB) profitability as the lender reported a fall in both full-year and quarterly profit on Monday, missing analyst's estimates.
UAE lender Union National Bank beat analysts’ forecasts by posting a 28 per cent increase in third-quarter net profit to Dh459.6 million ($125.1 million) from Dh358.05 million in the same period last year.
The Abu Dhabi-based lender's
UAE's Union National Bank (UNB) expects to maintain profit growth for the rest of the year after a 25 per cent rise in second-quarter net profit missed forecasts due to higher provisions.
The lender is banking on its core businesses to
Union National Bank on Wednesday reported a 26-per cent rise in net profit due to higher interest income from Islamic lending.
UNB said its net profit was 379.2 million dirhams ($103.3 million) in the quarter, up from 300.7 million dirhams