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Union National Bank information


Union National Bank
Company typeCorporation
Traded as
ADX: UNB
IndustryBank
Founded1982; 42 years ago (1982)
FounderAgha Hasan Abedi[1]
Defunct2019; 5 years ago (2019)
FateMerged with Abu Dhabi Commercial Bank and Al-Hilal
SuccessorADCB
Headquarters
Abu Dhabi
,
United Arab Emirates
Websitehttps://www.unb.com

Union National Bank (UNB) was a bank based in Abu Dhabi, United Arab Emirates, from 1982 until it merged with Abu Dhabi Commercial Bank in 2019.[2] The bank had its shares listed in the Abu Dhabi Securities Exchange (ADX) under the symbol UNB.[3]

It was established as a Public Joint Stock Company in 1982, and became one of the UAE's leading domestic banks in the United Arab Emirates. The bank offered a variety of products and services to individuals and corporations. It had more than 50 branches and banking centers.[4]

In 2006, during the Egyptian banking industry reforms, Alexandria Commercial and Maritime Bank was privatised and subsequently acquired by Union National Bank.[5][6]

  1. ^ "Is this the end of Abu Dhabi group in Pakistan? And who is to blame?". Profit by Pakistan Today. October 7, 2019.
  2. ^ "ADCB, UNB, Al Hilal merge, creating UAE's third largest bank". gulfnews.com. May 2019. Retrieved 2019-10-24.
  3. ^ "The Determinants of the Performance of Commercial Banks Industry Evidence of Listed Commercial Banks at Adx - ProQuest". www.proquest.com. Retrieved 2024-05-08.
  4. ^ "List of Union National Bank Branches and ATMs in Dubai". Dubai OFW. 2018-04-28. Retrieved 2020-07-29.
  5. ^ Elsayed, Mohamed (2015). Economic Reform, Banks’ Efficiency and Market Structure in Egypt (Doctoral thesis). Durham University.
  6. ^ Wagdi, Osama; Eman Salman (2022-03-15), Determinants of a Bank's Performance in Emerging Markets: Evidence from Egypt (SSRN Scholarly Paper), Rochester, NY: Academy of Accounting and Financial Studies, retrieved 2024-05-08

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