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FINANCIAL NEWS
UAB posts 60% increase in Q1 profit
19 Apr 2013
(MENAFN) United Arab Bank chairman, Sheikh Faisal bin Sultan bin Salem Al Qassim, stated that the bank’s first quarter net profit grew 60% from the previous year, netting to USD32.6 million, reported Emirates 24/7.
UAB loans and advances reached USD3.1 billion, an 8-percent rise from USD2.9 billion at the end of 2012.
Meanwhile, deposits grew from USD2.7 billion to USD3 billion, marking a 11-percent increase.
UAB has been expanding its presence in Dubai and Abu Dhabi as it continues to open new branches across the Emirates.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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