United Arab Bank, P.J.S.C. reported consolidated earnings results for the year ended December 31, 2012. The company reported a net profit of AED 409,818,000 against AED 330,154,000, 24% higher than its net income for 2011. net interest income was AED 567,049,000 against AED 431,378,000 a year ago. net operating income was AED 765,028,000 against AED 581,494,000 a year ago. basis and diluted earnings per share was AED 0.470 against AED 0.33 a year ago. Net cash from operating activities was AED 360,365,000 against AED 1,064,278,000 a year ago. Purchase of property and equipment was AED 83,853,000 against AED 44,013,000 a year ago. The operating profit before loan loss provisions exceeded AED 531 million, representing a 33% increase over 2011.

The directors have proposed a cash dividend amounting to AED 249,100,320 at AED 0.25 per share of AED 1 each against cash dividend of AED 199,280,200 at AED 0.20 per share of AED 1 each a year ago. This is subject to the approval of the regular and the shareholders at the annual general meeting to be held in February 2013.