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United Arab Bank net profit up 10% to Dhs308m

Sharjah-based United Arab Bank (UAB) has recorded 10% growth in net profit for the year 2010 to Dhs308m compared to Dhs281m achieved during 2009. Total Assets increased by 11% from Dhs7.00bn in 2009 to Dhs7.74bn in 2010. Loans and advances rose by 16% from Dhs4.77bn in 2009 to Dhs5.53bn in 2010, the company has reported.