The Board of Directors of Union National Bank (UNB) has recommended a 20 percent cash and a 20 percent stock dividend to UNB shareholders. The decision was taken at a Board meeting yesterday and is subject to approval by the UAE Central Bank.
UNB declared a consolidated net profit of AED 1.17 billion for 2007, a growth of 16.8 percent over the previous year. Total assets in 2007 grew 33.4 percent to AED 55.45 billion, while net loans and advances grew 35.9 percent to reach AED 37.37 billion. Customer deposits increased to AED 40.20 billion from AED 30 billion in 2006, recording a 33.8 percent growth rate. Earnings per Share for 2007 were AED 0.75. (WAM)Technorati ProfileTechnorati Profile
UNB declared a consolidated net profit of AED 1.17 billion for 2007, a growth of 16.8 percent over the previous year. Total assets in 2007 grew 33.4 percent to AED 55.45 billion, while net loans and advances grew 35.9 percent to reach AED 37.37 billion. Customer deposits increased to AED 40.20 billion from AED 30 billion in 2006, recording a 33.8 percent growth rate. Earnings per Share for 2007 were AED 0.75. (WAM)Technorati ProfileTechnorati Profile
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