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
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
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
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.
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
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
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
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
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