United Arab Bank P.J.S.C. (ADX:UAB)

United Arab Bank P.J.S.C. Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,193	921.61	584.48	478.12	641.93
Interest Paid on Deposits	725.99	526.67	262.92	200.31	348.52
Net Interest Income	466.56	394.94	321.57	277.81	293.41
Net Interest Income Growth (YoY)	18.13%	22.82%	15.75%	-5.32%	-24.95%
Gain (Loss) on Sale of Assets	0.1	54.3	66.12	-	-
Gain (Loss) on Sale of Investments	-	-	-	40.78	5.03
Other Non-Interest Income	139.14	127.23	113.1	131.05	104.42
Total Non-Interest Income	139.25	181.52	179.22	171.82	109.45
Non-Interest Income Growth (YoY)	-23.29%	1.28%	4.30%	56.98%	-28.83%
Revenues Before Loan Losses	605.8	576.46	500.79	449.63	402.86
Provision for Loan Losses	-42.83	36.35	92.26	135.73	703.67
Revenue	648.63	540.11	408.53	313.91	-300.81
Revenue Growth (YoY)	20.09%	32.21%	30.14%	-	-
Salaries and Employee Benefits	204.65	181.33	146.17	140.55	150.09
Occupancy Expenses	22.06	22.48	23.32	24.9	27.94
Other Non-Interest Expense	86.73	80.44	82.32	75.67	81.28
Total Non-Interest Expense	313.44	284.24	251.8	241.13	259.32
EBT Excluding Unusual Items	335.19	255.87	156.72	72.78	-560.12
Asset Writedown	-4.42	-0.56	-2	-2.59	-107.18
Pretax Income	330.77	255.31	154.72	70.19	-667.3
Income Tax Expense	29.81	-	-	-	-
Net Income	300.96	255.31	154.72	70.19	-667.3
Net Income to Common	300.96	255.31	154.72	70.19	-667.3
Net Income Growth	17.88%	65.01%	120.43%	-	-
Basic Shares Outstanding	2,060	2,060	2,063	2,063	2,063
Diluted Shares Outstanding	2,060	2,060	2,063	2,063	2,063
Shares Change (YoY)	0.03%	-0.14%	-	-	-
EPS (Basic)	0.15	0.12	0.08	0.03	-0.32
EPS (Diluted)	0.15	0.12	0.08	0.03	-0.32
EPS Growth	17.84%	65.25%	120.43%	-	-
Effective Tax Rate	9.01%	-	-	-	-

Source: S&P Global Market Intelligence. Banks template. Financial Sources.