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FINANCIAL NEWS
UAE-based UNB’s gross profit soars 5 percent in Jan-Sept
26 Oct 2015
(MENAFN) UAE’s Union National Bank (UNB) registered a net profit of USD451 million for the January-September period, reflecting a 5 percent climb as opposed to USD430 million posted in 2014.
The institute’s operating profit for mentioned timeframe surged 15 percent to USD569 million compared to the same period of 2014, representing the group’s solid strategy to boost its financial assets.
Moreover, the effective income for the nine month to September grew 13 percent to USD781 million from last year’s corresponding period, on the back of rising loans and investments among others.
“Whilst pursuing balanced business growth, the Group’s focus has been to ensure that downside risks are effectively managed during this period of some uncertainty,” said the chief executive officer.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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