Abu Dhabi-Mubasher: Abu Dhabi-listed United National Bank (UNB) reported a 7.8% profit decline to AED 1.76 billion ($479 million) in the fiscal year 2015, compared to AED 2.02 billion ($550 million) in the fiscal year 2014, according to a bourse filing.
The bank’s profits plunged 55% to AED 195 million in the fourth quarter of 2015, compared to AED 436 million in the same quarter of 2014.
Operating profits rose to AED 2.7 billion in FY15 from AED 2.55 billion in FY4.
In Q4-15, operating profits declined to AED 604 million from AED 722 million in Q4-14.
UNB profits decline 7.8% in FY15
Mubasher Contribution Time: 25-Jan-2016 12:02
(GMT)
