Union National Bank - UAE

• Performance
• Statistics
• Profile
• Financials
• News
• In Depth
• Disclosures
• Press Releases

Recent Articles

• Abu Dhabi banks beat Q3 profit forecasts22 October 2009

  First Gulf Bank and Union National Bank both report higher than expected earnings.

• Union National Bank posts 38% drop in Q3 net profit21 October 2009

  Bank says Q3 profit fell to AED358.05m from AED581.65m in same quarter 2008.

• UAE cbank rejigs interbank rate panel to spur lending26 August 2009

  Central bank hopes change in panel will lower rates and spur lending.

• UAE tells banks to cut ties to Saudi Saad, AHAB10 June 2009

  Circular issued to banks not to open any new facilities to named firms until further notice.

• Dubai Islamic Bank considering raising fresh capital24 March 2009

  Bank also examining converting emergency government deposits into regulatory capital.

• UNB converts state deposits into Tier 2 capital22 March 2009

  Conversion of $871.2m will increase Abu Dhabi's National Union Bank's CAR by 20%.

• Fitch rates UNB 'A+'17 February 2009

  Ratings agency Fitch affirms UAE-based Union National Bank's (UNB) Long-term Issuer Default Rating (IDR) at'A+'.

• Profits up at Union National Bank, but picture mixed10 February 2009

  Abu Dhabi-listed bank posts 22.2% rise in full year profits. But implied Q4 profits dive.

• Lending restrictions expected to be eased in Abu Dhabi7 February 2009

  Abu Dhabi's five largest banks are expected to ease lending restrictions to investors this week.

• UAE's Union Nat'l Bank sees '08 profit up 17%30 November 2008

  Bank has taken two Ministry of Finance loans but nothing from central bank, says CEO.

• UAE's Union National Bank Q3 profits double15 October 2008

  Abu Dhabi bank reports quarterly net profit of $166mn way ahead of forecast.

• Union National record profit tops forecasts22 July 2008

  Abu Dhabi lender posts Q2 income of $115mn, up almost 50% on year-earlier period.

• Union National expects biggest profit in two years22 April 2008

  Abu Dhabi lender sees Q1 profit surge 32.4% to $91.4mn eyes even better Q2.

• UNB unveils Gulf acquisition plans10 February 2008

  Abu Dhabi lender looks to expand overseas as it faces increased competition in home market.

• First UAE bank to open China office2 December 2007

  Union National Bank, based in Abu Dhabi has become the first UAE bank to receive regulatory approval to set up a representative office in China.

• Union National to launch property firm7 November 2007

  UAE bank planning to set up company to manage and finance real estate by April.

• UNB posts second straight profit rise25 October 2007

  Abu Dhabi bank posts profit of $80.39mn in Q3 as it expands lending and taps stock market recovery.

• UNB opens Al Ain branches14 May 2007

  New branches inaugurated as part of regional expansion plan.

• Abu Dhabi bank's profits plunge to $69m6 May 2007

  Net income at Union National Bank falls 40% as the bank's IPO income dries up.