Union National Bank approves 25% cash dividend

Dubai: Union National Bank (UNB) said on Saturday its shareholders have approved the recommendation of distribution of 25 per cent cash dividend in its annual general meeting held on February 28.

UNB recorded consolidated profit of Dh2.02 billion for the year 2014, an increase of 16 per cent compared to 2013. Loans and advances increased by 7 per cent to Dh64.1 billion as at December 31, the bank said in a statement.

customers’ deposits increased by 4 per cent to Dh67.4 billion as at December 2014.