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UNB repays nearly half of govt supportAbu Dhabi-based Union National Bank on Wednesday said it repaid nearly half of the $871 million in federal government support it received after the global financial crisis in 2009. Abu Dhabi' More… |
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UNB, Microsoft partner for IT upgradeUnion 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 More… |
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Union National Bank Q3 net rises 7pcAbu Dhabi's Union National Bank posted a 7-percent rise in third-quarter net profit on Wednesday, beating analysts' expectations, as the lender reversed losses from financial instruments during the quarter. More… |
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UNB Q2 profit up 9.7pc to $125mThe lender, jointly owned by the governments of Abu Dhabi and Dubai, said it had net profit of 459.6 million dirhams ($125.1 million) in the second quarter to June 30, up from 418.9 million dirhams in the prior-year period. More… |
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UNB picks banks for potential bond, roadshowsAbu 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 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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Abu Dhabi's UNB Q1 profit rises 20pcUnion National Bank (UNB) reported a 20 percent rise in first-quarter net profit, beating analysts forecasts as revenue rose and impairment losses fell, boosting its shares in early Abu Dhabi trade. The Abu Dhabi headquartered lender earne More… |
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UNB seen with $354m Dubai World exposureUAE lender Union National Bank (UNB) may have up to Dh1.3 billion ($353.9 million) exposure to state-owned conglomerate Dubai World, Nomura said in a research report on Monday. Abu Dhabi-based UNB may not have booked any specific provision More… |
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UNB plans to double share capitalAbu Dhabi listed Union National Bank plans to more than double its share capital base to 5 billion dirhams ($1.36 billion) over the next five years, its chief executive said on Wednesday. The bank's paid-up capital as at Dec. 31, 2009 More… |
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UNB says has $60m exposure to AlgosaibiUAE-based Union National Bank said on Thursday it had no exposure to Saudi's troubled Saad Group but its total exposure to Ahmad Hamad Algosaibi & Bros (Ahab) reached $60.5 million. The exposure to Algosaibi is in the form of a joi More… |
