Abu Dhabi – Mubasher: United Arab Bank (UAB) reported a 65% year-on-year increase in net profit during the second quarter of 2018, recording AED 45.1 million.

UAB's net profit added 46% to AED 81 million in the first six months of 2018 compared to AED 55.1 million in the year-ago period, according to a bank statement.

The bank’s income recorded AED 341 million in H1-18 while operating expenses reached AED 168 million in the same period.