UAE’s Union National Bank Q3 Profit Rises 22%, Beats Estimates
The bank made a net profit of Dhs552 million ($150.3 million) in the three months to September 30, up from Dhs454 million in the corresponding period of last year.
Union National Bank (UNB), Abu Dhabi’s fifth-largest listed lender by assets, reported a 22 per cent rise in third-quarter net profit on Monday, beating analyst estimates.
The bank made a net profit of Dhs552 million ($150.3 million) in the three months to September 30, up from Dhs454 million in the corresponding period of last year, it said in a bourse filing.
Five analysts polled by Reuters on average forecast UNB would make a quarterly profit of Dhs525.2 million.