Home Industry Finance Abu Dhabi Bank UNB Posts 42% Q4 Net Profit Gain; Hikes Dividend The bank reported a net profit of Dhs436 million ($118.7 million) in the last quarter of 2014. by Reuters January 27, 2015 Union National Bank, 50 per cent owned by the Abu Dhabi government, posted a 42 percent rise in fourth-quarter net profit on Tuesday, just missing analysts’ forecasts. The fifth-largest lender in the emirate by assets reported a net profit of Dhs436 million ($118.7 million) in the final three months of 2014, up from Dhs306 million a year earlier, a bourse filing said. Four analysts polled by Reuters forecast an average profit of Dhs442.7 million. Full-year net profit for 2014 was Dhs2.02 billion, a rise of 16 per cent from 2013. The bank said its board of directors proposed a cash dividend of Dhs0.25 per share for 2014. That compared with a cash dividend of Dhs0.14 per share for the previous year, according to Thomson Reuters data. 0 Comments