United Arab Bank

United Arab Bank (UAB) has announced a net profit of AED 119 million for the nine-month period ended September 30, 2022, an increase of 166 per cent over the corresponding period of 2021, which exhibits its resilient business strategy. · 4% growth in total operating income in Q3 YTD 2022 as compared to Q3 YTD 2021. · Operating Profit increased by 7% vs. Q3 YTD 2021. · Provisions for Credit Losses decreased by 57% vs. Q3 YTD 2021. · Adequate liquidity profile with UAB comfortably above regulatory requirements: an advances ...