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Islamic Finance Briefing - Categorized | Banking, Performance more

UNB Q4 net rises, provisions weigh

Posted on 01 February 2010

From Tradearabia.com: Fourth-quarter net profit at Union National Bank (UNB) more than tripled but missed forecasts as customer deposits and bad loan provisions both grew.

Earnings at Abu Dhabi’s fifth-largest bank by market value came in at Dh222.1 million ($60.47 million), the bank said, compared with Dh65.8 million in the same period last year and analyst expectations of Dh254.5 million………………………………….Full Article: Source

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