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 affirmed the Financial Strength Rating (FSR) of UAE's Union National Bank (UNB) at 'A+'. The Bank's solid capital adequacy ratio (CAR) and large capital base are major supporting factors. Good and improving liquidity and profitability, and overall sound asset quality ratios (as well as full coverage of non-performing loans (NPLs) at end Q1 2018) also support the rating. Conservative management and stable, consistent strategies have steered the Bank through difficult times in recent years.

Attachments

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