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Tuesday, 24 November 2009 04:46 UAE time

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Union National Bank

Main Category: Commercial Bank
City : Abu Dhabi
Country : United Arab Emirates


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Abu Dhabi banks beat Q3 profit forecasts

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

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Union National Bank posts 38% drop in Q3 net profit

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

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UAE cbank rejigs interbank rate panel to spur lending

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

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UAE tells banks to cut ties to Saudi Saad, AHAB

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

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Dubai Islamic Bank considering raising fresh capital

Bank also examining converting emergency government deposits into regulatory capital.

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UNB converts state deposits into Tier 2 capital

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

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Fitch rates UNB 'A+'

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

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Profits up at Union National Bank, but picture mixed

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

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Lending restrictions expected to be eased in Abu Dhabi

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

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UAE's Union Nat'l Bank sees '08 profit up 17%

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

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UAE's Union National Bank Q3 profits double

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

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Union National record profit tops forecasts

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

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Union National expects biggest profit in two years

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

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UNB unveils Gulf acquisition plans

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

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First UAE bank to open China office

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.

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Union National to launch property firm

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

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UNB posts second straight profit rise

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

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UNB opens Al Ain branches

New branches inaugurated as part of regional expansion plan.

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Abu Dhabi bank's profits plunge to $69m

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

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Capital firms bank on a golden future

Abu Dhabi's leading banks have made a huge splash across the Gulf's hugely successful finance sector.

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