Sunday 02, February 2014 by Matthew Amlôt

Union National Bank announces profit of AED 1.75 billion, up by nine per cent

Union National Bank (UNB) reported a record profit of AED 1,748 million for the financial year 2013 (2012: AED 1,602 million), an increase of 9 per cent compared to the preceding year. The profit for the fourth quarter of 2013 increased sharply by 125 per cent to AED 306 million (Q4-2012: AED 136 million), reflecting the Group’s strong financial performance in 2013. The basic and diluted earnings per share for 2013 improved to AED 0.62 (2012: AED 0.56).

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