Sharjah, UAE: United Arab Bank P.J.S.C ("UAB" or "the bank") announces its Financial Results for the nine months ended 30 September 2013. Building on its impressive momentum UAB, the fastest growing bank in the UAE, announces Q3 2013 Net Profits of AED414m, an impressive increase of 39% over the same period in 2012. These results represent record high quarterly Net Profits for the bank, further underlining the success of UAB's growth strategy.
The Bank's Chairman, Sheikh Faisal Bin Sultan Bin Salem Al Qassimi, commented "UAB's growing momentum enabled the bank to generate record quarterly results. Such performance reinforces the winning strategy of the bank, where we place our clients at the heart of our approach to deliver long term value for customers, shareholders and key stakeholders alike.”
Paul Trowbridge, the bank’s Chief Executive Officer, reflected on the record results, "It’s extremely positive to see such impressive performance across all business units. We fully expect this growth trajectory to continue due to our strong fundamentals and ability to grow. Our robust strategic, operational and financial roadmap comprises a growing branch network, complementing our customer-centric approach, as well as our responsiveness to customer needs. This ensures we are competitive and well positioned to benefit from improving market conditions. These financial results underpin the proven benefits of our strategic alliance with the Commercial Bank of Qatar and we expect to play an integral part in supporting the future growth of the local economy.”
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