United Arab Bank P.J.S.C. announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported net interest income of AED 987,220,000 compared to AED 1,009,389,000 a year ago. Total operating income was AED 1,213,046,000 compared to AED 1,373,180,000 a year ago.

Net operating income was AED 325,255,000 compared to AED 999,105,000 a year ago. Loss for the year was AED 166,147,000 compared to profit for the year of AED 605,408,000 a year ago. Loss per share was AED 0.12 compared to earnings per share of AED 0.43 a year ago.

Net cash flows from operating activities was AED 772,811,000 compared to AED 674,711,000 a year ago. Purchase of property and equipment was AED 211,224,000 compared to AED 223,331,000 a year ago. Purchase of investments were AED 2,873,787,000 compared to AED 6,400,811,000 a year ago.

The net operating income for the year ended 31 December 2015 decreased by 11.6% due to the underlying performance from both net interest income and non-interest income, down 2.2% and 38% respectively, as compared to 2014.