September 11 2009, Sharjah, UAE:A combination of prudent lending policies and a professional approach to risk management has kept the Sharjah-based United Arab Bank (UAB) protected from the impact of mounting bad loans that affected the banking industry in the wake of the global financial crisis.
While the bank intends to continue its cautious policies, it has plans to expand its businesses in niche retail segments, Islamic financial services and wealth management.
Incorporated in 1975, UAB offers a range of fin-ancial services in both corporate and retail banking throughout the UAE.
The bank was established as a joint venture between UAE investors and Société Générale (SG). UAB became part of a GCC regional banking alliance in December 2007 following the acquisition of a 40 per cent stake by the Commercial Bank of Qatar, Qatar's largest private sector bank.
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