Abu Dhabi – Mubasher: Union National Bank (UNB) posted a 31.6% rise year-on-year in its profits during the fourth quarter of 2016, according to the unaudited financial results posted to the Abu Dhabi bourse.
Net profits reached AED 250 million ($68.05 million) in Q4-16, compared to AED 190 million ($51.72 million) in Q4-15.
In 2016, net profits declined 15.1% to AED 1.58 billion from AED 1.86 billion in 2015.
Total loans and advanced stood at AED 73.7 billion in 2016, a rise of 7.8% from AED 68.4 billion in 2015.
