Sharjah, UAE: United Arab Bank P.J.S.C. today announced its financial results for the six months ended 30 June 2010.
In challenging financial markets, United Arab Bank maintained earnings momentum recording net profit growth of 5.3% to AED 141 million for the six months ended 30 June 2010, compared to AED 134 million achieved during the same period last year.
Earnings per share improved to AED 0.141 in June 2010 compared with AED 0.134 in June 2009. The Bank maintained good volume growth in the first half of the year despite the decline at the end of the first quarter with Loans and Advances increasing by 8.4% to AED 5.2 billion at 30 June 2010 from AED 4.8 billion at the end of December 2009.
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