08.02.2012 - UNB net profit rises 11pct to Dh1.5bln in 2011
Union National Bank (UNB) yesterday reported a full-year net profit of Dh1.5 billion, up 11 per cent compared to Dh1.35 billion in 2010. "The solid results for fiscal 2011 are an affirmation of the prudent strategy being pursued by the group focusing on targeted markets and key business segments," said Mohammad Nasr Abdeen, chief executive officer. The bank's net interest income together with net income from Islamic financing was up 22.5 per cent to Dh2.38 billion in 2011 from Dh1.95 billion...............................................Full Article: Source
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