Abu Dhabi-listed Union National Bank Q3 net profit falls

Union National Bank, 50-per cent owned by the Abu Dhabi government, posted a 12.4 per cent fall in third-quarter net profit on Sunday, missing analysts’ forecasts.

The fifth-largest lender on the Abu Dhabi exchange by assets reported a net profit attributable to equity holders of Dh480.59 million in the three months to September 30, down from Dh548.68m a year earlier, a bourse filing showed.

Four analysts polled by Reuters forecast an average net profit of Dh541.8m for the quarter.


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