16 July 2013, Sharjah, UAE: United Arab Bank P.J.S.C ("UAB" or "the bank") announces its Financial Results for the six months ended 30 June 2013
Building on its impressive momentum UAB, one of the fastest growing banks in the GCC, announces a Net Profit of AED260m for the first half of 2013, an impressive increase of 35% over the same period in 2012. These results reflect the highest half yearly Net Profits reported by the bank, and show the success of UAB's growth strategy.
The Bank's Chairman, Sheikh Faisal Bin Sultan Bin Salem Al Qassimi, commented "UAB's impressive start to the year has continued, generating record half yearly results. This momentum reinforces the strategy of the bank, focusing on building long term relationships with its customers, shareholders and key stakeholders".
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