Abu Dhabi – Mubasher: The interim financial statements of United Arab Bank (UAB) showed a rise in net losses to AED 667.295 million in 2020, compared to AED 470.753 million in 2019.

The bank's revenues decreased to AED 402.863 million in 2020 from AED 544.764 million during the previous year.

The bank's total assets declined to AED 14.849 billion last year from AED 19.124 billion in 2019.

The loss per share stood at AED 0.32 in 2020, against AED 0.23 in 2019.

It is noteworthy to mention that during the first nine months of 2020, UAB registered AED 364.91 million net losses, up from AED 63.02 million in the year-ago period.