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Union National Bank PJSC

Last update: 29 April 2019 02:00 PM market time.
5.89
0.00
0.00%
Open 5.95
Previous Close 5.90
High 5.97
Low 5.82
Stock Statistics
Volume 5,958,939
Turnover 35,116,565.87
All data are 15 minutes late during market session

News

ADCB's shares will start trading on 1 May
25 April 2019 05:50 PM UNB to delist from ADX on 1 May
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) revealed that Union National Bank’s (UNB) shares will be delisted on 1 May after its merger with Abu Dhabi Commercial Bank (ADCB). Shares of the newly-merged entity, operating under the …
Net profits stood at AED 251.4 million in Q1-19
24 April 2019 05:33 PM UNB’s profit dips 40% in Q1 on lower revenue
Abu Dhabi – Mubasher: Union National Bank (UNB) posted a 40% year-on-year drop in profits for the first quarter of 2019. Net profits stood at AED 251.4 million ($68.46 million) in Q1-19, from AED 421.8 million ($114.85 million) in Q1-18, according …
The takeover process should be implemented on 1 May 2019
25 March 2019 05:02 PM ADCB takeover of UNB, Al Hilal Bank totals AED 14bn
Mubasher: The total value for Abu Dhabi Commercial Bank’s (ADCB) acquisition of both Union National Bank (UNB) and Al Hilal Bank stood at AED 14.4 billion, according to a recent statement. The takeover process should be implemented on 1 May 2019, …
ADCB’s issued capital will increase to AED 6.8 billion
21 March 2019 06:34 PM ADCB approves merger with UNB
Abu Dhabi - Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on Abu Dhabi Securities Exchange (ADX), on Thursday announced that its general assembly approved its merger with Union National Bank (UNB). Upon the merger, ADCB’s issued capital will …
The merger will come into effect on 1 May 2019.
10 March 2019 02:16 PM ADCB uncovers board’s formation after merger with UNB
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Sunday announced that its general assembly has approved the final nominated board after the bank’s merger with Union National Bank (UNB). Headed by Eissa Mohammed Al Suwaidi, the board …
The combined entity could lead to excluding three Dubai stocks from MSCI’s benchmarks.
6 March 2019 05:50 PM Abu Dhabi’s 3-bank merger to dent Dubai’s stocks
Abu Dhabi — Mubasher: Abu Dhabi-based banks are projected to pile further pressure on Dubai’s already-hit equities. The merger deal between Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB), set to be closed on 1 May, could attract up …
The new banking entity will carry the ADCB identity and will continue to benefit from strong institutional backing
6 March 2019 11:35 AM ADCB, UNB to consider merger deal on 21 March
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Wednesday released a statement regarding its merger with Union National Bank (UNB). Both UAE-based lenders will discuss risk factors that should be taken into account when considering …
First Abu Dhabi Bank topped UAE lenders in terms of cash dividends
3 March 2019 05:03 PM UAE banks’ cash dividends hit AED 18.7bn in 2018
Abu Dhabi – Mubasher: A total of 18 UAE national banks, listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), raised their proposed cash dividends 12.2% to AED 18.7 billion for 2018, from AED 16.66 billion a year …
The book order was oversubscribed by 4.7 times
2 March 2019 03:28 PM Emirates Development Bank closes $750m bond issuance
Abu Dhabi – Mubasher: Emirates Development Bank (EDB) has closed a $750 million 5-year senior bond issue at a 3.516% coupon in the Regulation S markets. The UAE-based bank’s last issuance conducted under its $3 billion Euro Medium Term Note (EMTN) …
The banks’ net profits hit a combined AED 9 billion ($2.45 billion) last year
19 February 2019 01:39 PM Profits of UAE’s Islamic banks hit AED 9bn in 2018
By: Mahmoud Gamal Dubai – Mubasher: Islamic banks listed on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) registered a 13.7% year-on-year profit increase during the full-year 2018. The banks’ net profits hit a …
Moody’s also maintained Al Hilal Bank’s (AHB) long-term and short-term issuer ratings at “A2/P-1”
31 January 2019 11:22 AM Moody’s affirms ratings of 3 Abu Dhabi banks; outlook ‘Stable’
Abu Dhabi – Mubasher: Moody's Investors Service (Moody’s) affirmed the local and foreign currency long-term and short-term deposit ratings of Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) at “A1/P-1” and “A1/P-1”, respectively. …
The new banking entity will carry the ADCB identity and will continue to benefit from strong institutional backing
29 January 2019 02:27 PM ADCB, UNB, Al Hilal Bank to merge in powerful banking group
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Tuesday announced the UAE is to see a powerful new banking group after its merger with Union National Bank (UNB) and together acquiring Al Hilal Bank. Al Hilal Bank, which is 100% owned by …
The decision will come into force as of the date of the coming assembly general meeting
28 January 2019 10:52 AM UNB’s CEO Mohammed Nasr retires
Abu Dhabi – Mubasher: United National Bank (UNB) announced that Mohammed Nasr Abdeen will retire as the CEO of the UAE-based lender. The decision will come into force as of the date of the coming assembly general meeting (AGM), according to a …
24 December 2018 00:10 PM Abu Dhabi three-bank merger to cut 1000 jobs
The three banks are working on issues such as valuation and conducting due diligence
ADCB appoints Barclays as merger advisor
14 November 2018 06:08 PM ADCB appoints Barclays as merger advisor
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) appointed Barclays as an advisor to its potential merger with two other UAE-based banks, sources told Reuters on Wednesday. The merger involves Union National Bank (UNB) and privately-owned Al …
Five UAE-based banks topped the list of the Middle East’s safest banks
7 November 2018 04:02 PM 5 UAE banks top Middle East's safest lenders – Global Finance
Abu Dhabi – Mubasher: Five UAE-based banks topped the list of the Middle East’s safest banks, according to Global Finance Magazine’s latest report. The First Abu Dhabi Bank (FAB) came in the first spot, with total assets of $185.15 billion, …
They are in talks for a deal that could create a lender of $113 billion in assets
6 November 2018 01:25 PM Abu Dhabi three banks’ merger at early stage - C.bank governor
Abu Dhabi – Mubasher: The merger of three lenders in Abu Dhabi is still at an early stage, Mubarak Rashed Al Mansoori, the UAE central bank governor, said on Tuesday. The three banks are Abu Dhabi Commercial Bank, Union National Bank (UNB), and …
UNB achieved a rise in net profits by 7% year-on-year
30 October 2018 04:48 PM UNB’s Q3 profits tick up 7%
Abu Dhabi – Mubasher: Union National Bank (UNB) achieved a rise in net profits by 7% year-on-year to AED 434.2 million ($118.23 million) by the end of the third quarter of 2018, compared to AED 406 million ($110.55 million). During the nine-month …
“System consolidation will also increase banks’ scale and revenue base"
10 September 2018 06:48 PM UAE tripartite bank merger seen credit positive – Moody’s
Abu Dhabi – Mubasher: The potential merger between Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) with privately-owned Al Hilal Bank is expected to be credit positive for UAE banks, according to a report by released Moody’s …
These mergers assert the position of the GCC banking sector
6 September 2018 06:07 PM GCC may see $300bn bank merger deals
By: Bedour Al Raee and Mahmoud Gamal Abu Dhabi – Mubasher: The concept of merger has returned into focus in the GCC banking sector, as a group of banks in the region announced consolidation plans, which could create huge economic conglomerates …
The potential merger will establish a lender with assets of around $110 billion
3 September 2018 04:14 PM Three Abu Dhabi-based lenders mull merger
Abu Dhabi - Mubasher: Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) are in talks to merge with privately-owned Al Hilal Bank. The Abu Dhabi exchange-listed ADCB and UNB have a market value of around $10 billion and $2.9 billion, …
Provision for impairment of financial assets went up 20% YoY
15 July 2018 03:54 PM UNB sees lower profit on operating income in 6M
Abu Dhabi – Mubasher: Union National Bank (UNB) reported a 12% year-on-year decline in net profit during the first six months of 2018, recording AED 835.2 million. This decrease can be accounted for a 3% year-on-year decline in operating income …
The bank’s net profit registered AED 421.8 million in Q1-18
13 May 2018 01:24 PM UNB profit retreats 6% in Q1
Abu Dhabi – Mubasher: Union National Bank (UNB) has reported a 6% decline in net profit during the first quarter of 2018. The bank’s net profit registered AED 421.8 million in Q1-18 versus AED 449.3 million in the year-ago period, according to a …
Interest rates will probably rise in 2018
12 March 2018 02:06 PM UNB to expand in Egypt; achieve 10% profit increase – CEO
Dubai – Mubasher: Union National Bank (UNB) is expected to achieve a 7%-10% increase in net profit during 2018, CEO Mohammad Nasr Abdeen told journalists following the conclusion of an ordinary general meeting (OGM). The loan portfolio is also …
UNB reported AED 1.65 billion net profits in 2017
12 March 2018 10:19 AM UNB’s shareholders nod to AED 550 million dividends
Abu Dhabi – Mubasher: Union National Bank’s (UNB) shareholders approved the distribution of AED 550 million in dividends, with a per-share dividend of AED 0.2. The Abu Dhabi-listed bank posted a 5% year-on-year increase in net profits during the …