Abu Dhabi-Mubasher: Union National Bank (UNB) posted a 17.4% decline in its second-quarter profits, according to a bourse statement.
Profits reached AED 469.51 million ($127.8 million) in Q2-16, compared to AED 568.04 million ($154.6 million) in Q2-15.
Net profits declined 22.3% to AED 916.76 million in the first half of 2016, compared to AED 1.18 billion in the same period a year earlier.
Operating revenues fell 12.2% to AED 1680.02 million in H1-16, compared to AED 1914.15 million in H1-15.
