Monday 20 October 2014
 
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United National Bank

UNB net profit down 15pc in Q3

Abu Dhabi's Union National Bank missed analysts' forecasts yesterday, reporting a 14.7 percent drop in third- quarter profit due to lower interest income and higher loan impairments. The lender, jointly owned by the govern

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United National Q2 profit rises 7.2pc

Abu Dhabi's Union National Bank on Sunday reported a 7.2 percent rise in second-quarter profit helped lower provisions and reduced funding costs, beating analysts' expectations. The lender, jointly owned by the governments

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UNB, Microsoft partner for IT upgrade

Union National Bank (UNB), a leading domestic bank in the UAE, has partnered with Microsoft to upgrade the IT infrastructure of the bank with Windows 8 on various form factors. When completed, UNB’s model will be the first o

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UNB to tap existing $400m bond today

Abu Dhabi-listed Union National Bank (UNB) plans to tap its existing $400 million 2016 bond on Wednesday, arranging banks said. Price guidance for the issue was released in the 2.7 percent area, but final size is still to be deter

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UNB picks banks for potential bond, roadshows

Abu Dhabi lender Union National Bank has picked five banks for a potential bond issue, the lender said on Wednesday, with roadshows due to commence shortly in Asia, Europe and the Middle East. Citi, Deutsche Bank, HSBC, National Bank of Ab

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UNB mandates 4 banks for bond

Union National Bank, jointly owned by the governments of Abu Dhabi and Dubai, has picked four banks for investor meetings ahead of a potential dollar bond issue, two sources said on Sunday. HSBC Holdings, Standard Chartered, Citigroup and

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UNB Q1 net profit drops 10pc

Abu Dhabi-based Union National Bank (UNB) has said it earned Dh303.9 million ($82.5 million) in the first quarter, down around 10 per cent from the year-earlier period. The bank said in a statement the earnings compared to a net incom

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