Abu Dhabi-based Union National Bank has said its fourth-quarter net profit more than tripled on increased customer deposits and bad loan provisions, Reuters has reported. Net income stood at Dhs222.1m, compared with Dhs65.8m in the same period last year. Full-year net profit fell 20% to Dhs1.16bn from Dhs1.44bn in 2008, the lender said.
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
