gulfnews : Union National Bank posts 16.6% profit rise to Dh1.35b

Union National Bank (UNB) yesterday reported a net profit of Dh1.35 billion last year, up 16.6 per cent compared to Dh1.15 billion reported in 2009.

The bank's operating profit last year was up 25.2 per cent to Dh1.8 billion compared to 1.46 billion in 2009.

Despite the prolonged vulnerability in the market due to the global economic downturn, the bank has been able to deliver good results, the bank said in a statement.