Cairo – Mubasher: Union National Bank’s (UNB) profits for the fourth quarter of fiscal 2016 declined 65.06% to EGP 17 million, versus EGP 48.66 million for Q4-15.
During 2016, profits rose 12.79% to EGP 180.5 million from EGP 160.03 million for 2015, according to a bourse filing released on Sunday.
The bank’s board agreed on a proposal to distribute cash dividends of EGP 66.9 million for the year.
Revenues amounted to EGP 1.7 billion in 2016, compared to EGP 1.04 billion for 2015.
