DUBAI Jan 25 Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, on Monday posted a 55 percent drop in fourth-quarter net profit.
The fifth largest lender in the emirate by assets reported a net profit of 195 million dirhams ($53.1 million) in the three months to Dec. 31, down from 436 million dirhams a year earlier, a bourse filing said.
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