Incorporated in 1975 with its headquarters in Sharjah, United Arab Bank (UAB) is known for its strong financial fundamentals, solid profitability, good asset quality and capitalisation levels.
The bank maintained its strong performance when many counterparts were impacted on asset quality and profitability due to the challenging economic environment.
The bank recently reported Dh330 million net profit for 2011, up 7.1 per cent over 2010. Against the overall lacklustre loans and deposit growth of 3.8 per cent and 1.9 per cent respectively in the UAE last year, UAB reported a 46 per cent increase in loans and advances and 72 per cent growth in customer deposits.
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