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UNB profits down 12.6%
- United Arab Emirates: Saturday, February 03 - 2007 at 07:52
The United National Bank saw a 12.6% dip in the net profits attributable to its equity shareholders, with $272.3m raised, as opposed to $313.2m in 2005, reported Gulf News. The decline was put down to a reduction in capital market activities' income. But the UNB's total assets increased by 18.9% to $11.3bn, up from $9.5bn, and customer deposits saw a 16.5% lift to $8.2bn.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, February 03 - 2007 at 07:52 UAE local time (GMT+4)
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