Abu Dhabi Commercial Bank - Egypt S.A.E (UNBE)

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on the Egyptian Exchange (EGX) as well, has generated AED 3.05 billion in net profit attributable to the owners during the first half (H1) of 2022, a jump from AED 2.52 billion in …

Cairo – Mubasher: The Egyptian Exchange (EGX) has received a request from the Union National Bank – Egypt (UNB Egypt) for the voluntary delisting of its shares amounting to 263.35 million. The request will be submitted to the listing committee for …

Cairo – Mubasher: Prime Capital has set the fair value (FV) of Union National Bank – Egypt (UNB Egypt) at EGP 9.92 per share as the bank is heading for a delisting from the Egyptian Exchange (EGX), according to a bourse statement on Sunday. The …

Cairo – Mubasher: Union National Bank – Egypt (UNB Egypt) reported a 59% year-on-year profit hike during 2019, the bank’s unaudited financial results showed. Net profits after taxes leapt to EGP 429.283 million last year from EGP 270.11 million in …

Cairo – Mubasher: Union National Bank – Egypt (UNB Egypt) is close to finalise all the procedures required to submit the voluntary desliting request to the Egyptian Exchange (EGX).   The minutes of the general assembly has not been approved …

Cairo – Mubasher: The unaudited financial results of the Union National Bank – Egypt (UNB Egypt) showed a 33% growth in its net profits during the nine-month period ended 30 September. The bank’s net profits surged to EGP 283.9 million in the …

Abu Dhabi – Mubasher: The Egyptian Financial Regulatory Authority (FRA) has granted Abu Dhabi Commercial Bank (ADCB) an exemption from the requirement to make a mandatory tender offer (MTO) to the minority shareholders of Union National Bank – …

Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) said that Abu Dhabi Commercial Bank (ADCB) is not obliged to make a mandatory tender offer (MTO) to acquire a 96.64% stake in Union National Bank – Egypt (UNB Egypt). ADCB will not …

Cairo – Mubasher: Union National Bank – Egypt (UNBE) has reported a 40.5% year-on-year profit hike during the first six months of 2019, recording EGP 191.4 million ($11.54 million). The bank’s interest income grew to EGP 462.2 million in H1-19, …

Cairo – Mubasher: Union National Bank - Egypt (UNB Egypt) said that its board of directors has approved to optionally write off the bank’s shares listed on the Egyptian Exchange (EGX). The extraordinary general meeting (EGM) will be discussing the …

Cairo – Mubasher: Union National Bank – Egypt (UNBE) announced that its chairman, Nahyan bin Mubarak Al Nahyan, has resigned from the board of directors. In addition, Mohammad Nasr Abdeen has also resigned as the bank’s vice chairman, according to …

Cairo – Mubasher: The board of Union National Bank – Egypt (UNBE) has approved a partnership with Mastercard, one of the US biggest card network. The partnership is aimed at increasing cards portfolio and expand the bank’s products, according to a …

Cairo – Mubasher: The financial indicators of Union National Bank – Egypt (UNBE) have revealed that its profits plunged 29% year-on-year during 2018, to EGP 270.11 million, from EGP 380.01 million in 2017. UNBE’s revenues rose to EGP 3.69 billion …

Abu Dhabi - Mubasher: Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB), and privately-owned Al Hilal Bank are on the verge of completing merger talks to create two new lenders, according to sources familiar with the matter. When …

Cairo – Mubasher: Union National Bank – Egypt (UNBE) on Sunday said that its extraordinary general meeting (EGM) had agreed to raise the issued and paid-up capital to EGP 1.47 billion from EGP 1.4 billion. The EGM has also approved the …

Cairo – Mubasher: Union National Bank – Egypt (UNB) on Sunday reported a 22.6% year-on-year drop in its net profit for the first nine months of 2018. The bank generated EGP 213.17 million in profits for the nine-month period ended September, from …

Cairo – Mubasher: Union National Bank – Egypt (UNB) on Sunday reported a 23.6% year-on-year decline in net profit for the first quarter of 2018, recording EGP 60.04 million from EGP 78.5 million. Net income climbed to EGP 214.05 million in the …

Cairo – Mubasher: Union National Bank – Egypt (UNBE) has approved the distribution of a 1-for-20 basis bonus shares, or one share for every 20 existing ordinary shares, at the general meeting. The lender has also approved the annual financial …

Cairo – Mubasher: Union National Bank Egypt (UNB) on Monday said that it has allocated EGP 94.5 million in a risk reserve of IFRS 9 for 2017 profits. According to the Central Bank of Egypt’s (CBE) instructions, the reserve will bolster the bank’s …

Cairo – Mubasher: Union National Bank Egypt (UNB) on Monday posted a 111% year-on-year hike in profits for 2017 due to a growth in interest revenues. Net profit reached EGP 380 million last year, compared to EGP 180.5 million profits a year …

Cairo - Mubasher: Union National Bank - Egypt (UNBE) reported a rise in profits by 73.2% year-on-year during the first half of 2017, as shown by the bank’s preliminary financial indicators. The bank said in a statement to the Egyptian Exchange …

Cairo – Mubasher: Union National Bank – Egypt (UNB) said Sunday that its extraordinary general meeting (EGM) has agreed to increase the bank’s issued and paid-up capital from EGP 1.33 billion to EGP 1.404 billion via distributing bonus shares. The …

Cairo - Mubasher: The financial indicators of Union National Bank - Egypt (UNBE) showed a surge of 96% in profits for the first quarter of 2017 year-on-year. The bank said in a statement to the Egyptian Exchange (EGX) on Sunday that profits …

Cairo - Mubasher: Union National Bank-Egypt (UNBE) has said its shareholders approved the distribution of bonus shares on a 1-for-200 basis instead of cash dividends for 2016, according to a bourse statement. The board approved raising the issued …

Cairo – Mubasher: Union National Bank (UNB) said that shareholders of record will be entitled to receive 0.005-for-1 bonus shares until the close of trading Wednesday. The company will start the distribution as of 23 February, according to a …