Union National Bank’s Ratings Affirmed with a ‘Stable’ Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has maintained the Financial Strength Rating (FSR) of UAE's Union National Bank (UNB) at 'A+' with the solid capital adequacy ratio (CAR) and the large capital base being major supporting factors. In addition, good liquidity and profitability (despite weakening in 2016) and overall sound asset quality ratios (notwithstanding the increase in past due not impaired, PDNI, loans) are also factors underpinning the ratings.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (UAE, Union National Bank)
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