Abu Dhabi – Mubasher: The United Arab Bank (UAB) achieved profits in the third quarter of 2016 against losses in the same period of 2015.
Earnings reached AED 16.98 million ($4.62 million) in Q3-16 versus losses worth AED 272.61 million ($74.2 million) in Q3-15, according to a bourse statement issued Monday.
From January to September this year, profits increased 22.2% to AED 87.74 million as compared to AED 71.82 million in the same period of 2015.
during the nine months of 2016 as compared to AED 998.27 million in the corresponding period a year ago.
