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UNB inaugurates branch on Defence Road
ABU DHABI — Union National Bank, or UNB, on Sunday inaugurated a new branch on Defence Road in Abu Dhabi.
The ribbon cutting was performed by Ahmed Saeed Al Badi, UNB’s board member, a number of other board members, Chief Executive Officer Mohammad Nasr Abdeen and customers.
The opening of the branch at Defense Road is a further step in the bank’s progress towards a new era of modernity and providing greater convenience and accessibility to its consumers.
UNB has a strong and expanding network of more than 53 banking locations and more than 160 ATM sites throughout the UAE, in addition to its phone and mobile banking and Web banking services.
The branch network expansion policy helps to strengthen its competitive edge in the consumer banking market.
The Defence Road branch is in a prime location and has immense potential and UNB’s new state-of-the-art branch will help cater to the needs of Abu Dhabi residents.
“We embarked on an aggressive expansion policy, a result of our concerted efforts to provide greater access to our customers,” Senior Vice-President and Retail Banking Group Head Ashraf Mohamed Bibars said.
“Every time we inaugurate a new branch we feel we are getting closer to our clients. We are keen to provide greater access for all our innovative products and services through our wide network of branches as well as our electronic channels conforming to high quality standards.”
“This year has been yet another successful year for UNB as we complete a very important part of our major plan of expansion in the UAE by adding six more new branches to our network We are also planning to inaugurate more new branches in the near future,” Bibars added. UNBs’ commitment to quality and to the business objectives is clearly reflected in its financial performance as UNB has recently announced net profits of Dh1.1831 billion for the period ending September 30, 2010 as compared to Dh935.5 million for corresponding period in 2009, an increase of 26.4 per cent.
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