Wednesday 30 July 2014
United National Bank

UNB net profit down 15pc in Q3

Abu Dhabi's Union National Bank missed analysts' forecasts yesterday, reporting a 14.7 percent drop in third- quarter profit due to lower interest income and higher loan impairments. The lender, jointly owned by the govern


United National Q2 profit rises 7.2pc

Abu Dhabi's Union National Bank on Sunday reported a 7.2 percent rise in second-quarter profit helped lower provisions and reduced funding costs, beating analysts' expectations. The lender, jointly owned by the governments


UNB, Microsoft partner for IT upgrade

Union National Bank (UNB), a leading domestic bank in the UAE, has partnered with Microsoft to upgrade the IT infrastructure of the bank with Windows 8 on various form factors. When completed, UNB’s model will be the first o


UNB to tap existing $400m bond today

Abu Dhabi-listed Union National Bank (UNB) plans to tap its existing $400 million 2016 bond on Wednesday, arranging banks said. Price guidance for the issue was released in the 2.7 percent area, but final size is still to be deter


UNB picks banks for potential bond, roadshows

Abu Dhabi lender Union National Bank has picked five banks for a potential bond issue, the lender said on Wednesday, with roadshows due to commence shortly in Asia, Europe and the Middle East. Citi, Deutsche Bank, HSBC, National Bank of Ab


UNB mandates 4 banks for bond

Union National Bank, jointly owned by the governments of Abu Dhabi and Dubai, has picked four banks for investor meetings ahead of a potential dollar bond issue, two sources said on Sunday. HSBC Holdings, Standard Chartered, Citigroup and


UNB Q1 net profit drops 10pc

Abu Dhabi-based Union National Bank (UNB) has said it earned Dh303.9 million ($82.5 million) in the first quarter, down around 10 per cent from the year-earlier period. The bank said in a statement the earnings compared to a net incom

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