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Thursday, December 3 - 2009

Union National Bank

Name Union National Bank
Sector Finance & Insurance - Commercial Banks
Trading ADX
RIC Code UNB.AD
Location UAE

Profile and Background

Union National Bank PJSC is a public joint stock company withlimited liability incorporated under Emiri Decree of 29 November 1982 and in accordance with the Federal Law No 8 of 1984. The bank carries on commercial banking activities through its twenty one branches and one sub branch in the United Arab Emirates.

The company amended its articles in October 2004 making it possible for foreign investment in the bank's shares by up to 40%.

Shareholding Groups

Individuals 40%
Institutions 10%
Floating N/A
Government 50%

Board Members (Listed in alphabetical order)

Stock Performance

Union National Bank Stock Performance

Market Information

Stock UAE Index
Last Closing AED 19.55 5339.64
YTD % 68.89% 81.7%
Weekly % 5.676% -0.08%
Year High AED 19.8 5771.11
Year Low AED 11.268 2938.78
52 Week High AED 160 5771.11
52 Week Low AED 15 1639.31
BETA 2.139
Outstanding Shares 1,000,000,000
Market Cap AED 19,550,000,000
Market Cap in $ USD $5,322,769,474
% of UAE Market 3.32%
% of Sector 6.22%
Rank by Cap 10

Key Figures in '000 AED

2004 2003 2002
Total Assets 24,113,269 17,123,447 14,715,184
Shareholder's Equity 2,216,334 1,990,707 1,698,062
NIAT 452,909 376,057 300,268
Dividends 135,650 224,384 81,594

Financial Ratios

2004 2003 2002
Assets Growth 40.82% 16.37% 10.91%
Earning Growth 20.44% 25.24% 23.63%
ROaA 2.20% 2.36% 2.15%
ROaE 21.53% 20.39% 18.93%
No. Of Shares 90,433,200 89,753,765 81,594,332
EPS 5.01 4.19 3.68
EPS Growth 20.44% 25.24% 23.63%
Payout Ratio 29.951 59.668 27.174

Valuation Ratios

Trailing
PE 43.17
PB 8.82
DVPS 0.14
Div Yield 0.69%
EV 11,575,449.60
EV/Equity 5.22
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