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21 Jan 2009 - Financial Results FY 2008

United Arab Bank (UAB) expects fourth-quarter earnings growth to be "stable and broadly in line" with previous quarters, reflecting conditions in its main markets, its chief executive said in an interview.

"We generally don't like to provide surprises, there isn't much difference between the reported consistent trend of the first three quarters in our results," Paul Trowbridge told Reuters.

"The underlying business, the local economy based on selling real goods and providing real services, that hasn't changed dramatically," said the Australian-born banker who was previously deputy-chief at National Bank of Oman.

UAB, whose main shareholder is Commercial Bank of Qatar with a 40 percent stake, said in October net profit in the first nine months rose 12 percent to 204 million UAE dirhams ($55.54 million) from the same period in 2008.

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