Abu Dhabi's Union National Bank posted a 7-percent rise in third-quarter net profit on Wednesday, beating analysts' expectations, as the lender reversed losses from financial instruments during the quarter.
UNB made a net profit of 528.2 million dirhams ($143.8 million) for the quarter ended September 2012, compared with 493.8 million dirhams in the prior-year period, it said in a statement on the Abu Dhabi bourse.
The earnings beat average analysts' forecast of 446.9 million dirhams for the quarter.
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