25 January 2012, Sharjah, UAE: United Arab Bank P.J.S.C. ("UAB" or "the Bank") announces its financial results for the year ended 31 December 2011.
UAB reported an impressive set of financial results that confirmed its status as the UAE's "Bank of the Year", as awarded by the Financial Times Banker magazine of the United Kingdom. By playing an active role in supporting different sectors of the economy, UAB has also established itself as the fastest growing bank in the region.
Paul Trowbridge, the Bank's Chief Executive Officer said, UAB has taken positive steps to deliver its strategy of supporting UAE-based companies and individuals in these difficult economic times. By understanding the needs of our customers, we have been able to tailor our products and services to the specific needs of each client. These actions have enabled the Bank to grow at unprecedented rates. Our approach is recognized by respected third parties and we were delighted to receive the "UAE Bank of the Year 2011" award from the Financial Times of London, which also reflects very favourably on the dedication and commitment of our staff.
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