Tuesday 22, April 2008 by
Union National Bank’s 2008 first quarter consolidated profit up by 32.4 per cent
Abu Dhabi-based Union National Bank’s profit attributable to equity shareholders for the three month period ended 31 March 2008 reached $91.3 million, an increase of 32.4 per cent as compared to $69 million for the corresponding period of 2007. Key performance metrics have improved with an attributable return on average equity of 20.4 per cent and return on average assets of 2.4 per cent for the first quarter of 2008. The cost to income efficiency ratio for the three month period ended 31 March 2008 improved to 28.5 per cent at the back of robust growth in revenues.
