United Arab Bank P.J.S.C. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019; Reports Impairment Results for the Third Quarter Ended September 30, 2019
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.