Mubasher: The losses of United Arab Bank (UAB) increased by 148.2% to total AED 610.43 million ($166.17 million) during the fourth quarter of 2016 from AED 245.92 million ($66.94 million) in the same period a year ago.
During the fiscal year of 2016, losses deepened by 185.5% to AED 522.69 million from AED 183.1 million in FY15, according to a bourse filing issued on Tuesday.
