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Two Abu Dhabi banks repay $1.5bn in govt fundsTwo 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 More… |
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UNB posts $37m net profitUnion 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 More… |
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UNB set to price key dollar bondAbu 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 More… |
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UNB eyes debt to repay $1bn loanAbu 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 More… |
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UNB Q2 net profit rises 23pc to $113mUnion 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. Th More… |
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UNB says no mandates given for bond saleAbu 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 More… |
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Union National Bank Q4 profit falls to $46mA 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. UNB's fourth-q More… |
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UNB Q3 profit rises 28pc to $125mUAE 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 More… |
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Union National Bank eyes profit growthUAE'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 More… |
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UNB Q1 net up 26pc on higher interest incomeUnion 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 More… |
