Reuters logo
in 5 months
UAE's Union National Bank Q4 profit up 29 pct, misses forecasts
February 14, 2017 / 5:13 AM / in 5 months

UAE's Union National Bank Q4 profit up 29 pct, misses forecasts

1 Min Read

ABU DHABI, Feb 14 (Reuters) - Union National Bank, 50 percent owned by the Abu Dhabi government, on Tuesday posted a 29 percent rise in fourth-quarter net profit, missing analysts' forecasts.

The fifth largest lender in the emirate by assets reported a net profit of 251 million dirhams ($68.3 million) in the three months to Dec. 31, compared to 195.0 million dirhams in the same period a year ago.

Two analysts polled by Reuters forecast a quarterly profit of 310.0 million dirhams and 373.36 million dirhams respectively .

The bank’s board has proposed a 20 percent cash dividend for 2016, the same as for 2015. (Reporting By Stanley Carvalho, editing by William Maclean)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below