PHOTO
ABU DHABI, April 12 (Reuters) - Union National Bank
UNB.AD
, 50 percent owned by the Abu Dhabi government, on Wednesday reported flat first quarter profit, but beat analysts forecasts.
The fourth-largest lender in the emirate by assets reported a net profit of 452 million dirhams ($123.16 million) in the three months to March 31, compared to 450.0 million dirhams in the same period a year ago.
Net profit attributable to equity holders of the bank in first quarter 2017 was 449.30 million dirhams versus 447.25 million dirhams in the prior-year period.
Three analysts polled by Reuters forecast a quarterly average profit of 443.62 million dirhams.
(Reporting By Stanley Carvalho; Editing by Saeed Azhar) ((stanley.carvalho@thomsonreuters.com; + 9712 6444431; Reuters Messaging: stanley.carvalho.thomsonreuters.com@reuters.net))
The fourth-largest lender in the emirate by assets reported a net profit of 452 million dirhams ($123.16 million) in the three months to March 31, compared to 450.0 million dirhams in the same period a year ago.
Net profit attributable to equity holders of the bank in first quarter 2017 was 449.30 million dirhams versus 447.25 million dirhams in the prior-year period.
Three analysts polled by Reuters forecast a quarterly average profit of 443.62 million dirhams.
(Reporting By Stanley Carvalho; Editing by Saeed Azhar) ((stanley.carvalho@thomsonreuters.com; + 9712 6444431; Reuters Messaging: stanley.carvalho.thomsonreuters.com@reuters.net))
