Sunday 21 September 2014
 
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UNB

UNB ahead of forecasts with 5.6pc profit gain

Union National Bank, 50 percent owned by the Abu Dhabi government, edged ahead of analysts' forecasts as it posted a 5.6 percent increase in second-quarter net profit on Sunday due to lower impairments. The fifth-largest lende

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Union National Bank Q1 profit up 3.5pc

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

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UNB to finance $238m Abu Dhabi airport works

UAE-based Union National Bank is set to finance the PCE Joint Venture for the mechanical works for Abu Dhabi International Airport – Midfield Terminal Building.   The JV comprises of Power Transmission Gulf

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UNB Q4 net profit more than doubles

Union National Bank, Abu Dhabi's fourth-largest lender by market value, said on Sunday its fourth-quarter net profit more than doubled from a year earlier, but the results still fell short of analysts' expectations. The ba

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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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UNB Q3 net falls 15pc on lower income

Abu Dhabi's Union National Bank missed analysts' forecasts on Thursday, 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 gove

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Mashreq, UNB ink $107m Anel loan deal

Leading UAE lenders Mashreq and Union National Bank have signed a syndicated contracting facility to provide Dh392 million ($107 million) loan to Anel Emirates, a subisidiary of Turkish MEP contractor Anel Elektrik, for a major project in Abu Dh

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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 repays nearly half of govt support

  Abu 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'

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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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