Arab Today, arab today union national secondquarter net jumps 23
Last Updated : GMT 18:46:58
Arab Today, arab today
Arab Today, arab today

Union National second-quarter net jumps 23%

Arab Today, arab today

Arab Today, arab today Union National second-quarter net jumps 23%

Dubai - Arabstoday

Union National Bank PJSC, in which the governments of both Abu Dhabi and Dubai hold stakes, posted a 23 percent jump in second-quarter profit, beating analysts\' estimates, as the lender benefited from higher interest income. Net income rose to 415.3 million dirhams ($113 million), or 17 fils a share, from 337.4 million dirhams, or 14 fils, a year earlier, the Abu Dhabi-based bank said in an e-mailed statement today. The median estimate of four analysts was for a profit of 396 million dirhams, according to data compiled by Bloomberg. UAE banks are recovering from the global credit crisis, which slowed lending, hurt investment banking and led to a rise in loan defaults. The UAE economy, the Arab world\'s second biggest after Saudi Arabia, will expand 4 percent this year from 3 percent in 2010, according to Standard Chartered Plc. The increase in net interest income was \"driven both by a growth in the loan book and an expansion in the net interest margin,\" Union National said in the statement. \"Overall liquidity in the local banking system continues to improve.\" Article continues below Net interest income and income from Islamic financing rose 27 percent from a year earlier to 595.5 million dirhams, the bank said. Impairment charges on financial assets, including for bad loans, increased 21 percent to 151 million dirhams, while the ratio of non-performing loans to gross loans rose to 1.5 percent at the end of June from 1.4 percent in March. The shares jumped 3.9 percent, the most in two months, to 3.5 dirhams at 10:19 a.m. in Abu Dhabi.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today union national secondquarter net jumps 23 Arab Today, arab today union national secondquarter net jumps 23

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today union national secondquarter net jumps 23 Arab Today, arab today union national secondquarter net jumps 23

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday