United Arab Bank P.J.S.C. reported unaudited earnings results for the third quarter and nine months ended September 30, 2019. For the period, the company reported interest income of AED 223,054,000 against AED 227,862,000 a year ago. Total operating income was AED 133,338,000 against AED 159,938,000 a year ago. Net loss for the period was AED 98,727,000 against profit of AED 24,262,000 a year ago. Loss per basic and diluted share was AED 0.05 against earnings of AED 0.01 a year ago.

For the nine months, the company reported, Interest income of AED 685,392,000 against AED 660,249,000 a year ago. Total operating income was AED 415,079,000 against AED 501,168,000 a year ago. Net loss for the period was AED 63,021,000 against profit of AED 104,803,000 a year ago. Loss per basic and diluted share was AED 0.03 against earnings of AED 0.06 a year ago.

For the quarter, the company reported net impairment loss of AED 157,696,000 against AED 57,503,000 a year ago.