Abu Dhabi – Mubasher: Union National Bank (UNB) posted a 0.4% year-on-year growth in its profits during the first quarter of 2017, according to a bourse statement.
Net profits amounted to AED 451.9 million ($123 million) in Q1-17, compared to AED 450.08 million ($122.51 million) in Q1-16.
UNB's operating revenues increased 10.4% to AED 896.77 million in Q1-17, compared to AED 812.47 million in the prior-year period.
The bank had posted profits of AED 1.58 billion in 2016, down 15.1% from AED 1.86 billion in 2015.
