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Union National Bank Q4 net profit falls on provisions

Union National Bank Q4 net profit falls on provisions

Abu Dhabi lender Union National Bank's fourth-quarter profit fell 19.2 percent after the bank set aside more money to meet potential loan losses arising from exposure to Dubai Holding Group entities.

February 7, 2012 3:22

Abu Dhabi’s UNB eyes window for benchmark bond

UNB launches benchmark-sized 5-year dollar bond - leads; Bank aims to price this week; Citi, Deutsche Bank, HSBC mandated among others

November 1, 2011 11:31

Abu Dhabi’s UNB may raise debt to repay $1B loan

UNB roadshows in Asia and Europe this week as its $1 billion loan matures in end of this year. Bank plans to open a branch in Kuwait this year.

September 26, 2011 2:31

Nomura sees UAE’s UNB with $354mln Dubai World exposure

Brokerage says bank has 1.3 bln dirhams exposure; Provisions for Dubai World to weigh on UNB's Q4 results; Nomura cuts UNB target price to 3.8 dirhams from 4 dirhams; UNB shares fall 0.9 percent

January 24, 2011 3:39