Are you looking for a bank that mixes old and new? Union National Bank UNB is a top choice in the UAE. It has been around for over 40 years and has a big market value of $162.974 million.
UNB offers many financial services for both personal and business needs. It has a high profit margin of 18.99% and a return on equity of 14.50%. This shows UNB is strong and cares about its customers.
Started in 1982, Union National Bank has grown a lot. It has many services like current and savings accounts and investment options. CEO Mohamed Nasr Abdeen leads UNB with a focus on personal service and new technology.
UNB also offers good investment chances with a forward dividend yield of 4.00%. Its online and mobile banking are key to its service in today’s digital world.
UNB’s business banking is also strong. It helps all kinds of businesses with special financial products and advice. UNB supports the UAE’s economy by helping businesses grow.
History and Legacy of Union National Bank UNB
Union National Bank (UNB) is a top bank in the UAE. It started in 1982 in Abu Dhabi. UNB quickly became a big name in the Emirates’ banking world.
Founding and Establishment
UNB began as a Public Joint Stock Company. It was started by local entrepreneurs. They wanted to create a strong bank for the UAE.
UNB aimed to help local communities and support national goals. This set the stage for its lasting impact.
Growth and Development
UNB grew across the UAE over time. It mixed old banking ways with new services. This helped it meet changing customer needs.
UNB’s drive for excellence made it a big player in UAE finance.
Mergers and Strategic Partnerships
UNB has had many partnerships and mergers. It invested in other financial groups to grow stronger. In 2019, it merged with Abu Dhabi Commercial Bank and Al Hilal Bank. This was a big step for UNB.
| Year | Milestone | Impact |
|---|---|---|
| 1982 | UNB Founded | Established presence in UAE banking sector |
| 2000s | Strategic Investments | Expanded regional influence |
| 2019 | Merger with ADCB and Al Hilal Bank | Created stronger financial entity |
UNB’s story shows its focus on growth, new ideas, and partnerships. Through mergers, UNB became a major force in UAE finance. It keeps shaping the banking scene in the UAE.
Personal Banking Solutions and Services
Union National Bank UNB has many personal banking solutions. We offer UNB personal accounts and investment options. We’ve got you covered.
Current and Savings Accounts
UNB has different savings accounts with good interest rates. Our accounts have free online banking, mobile banking, and bill pay. You can manage your money and reach your savings goals.
- Regular Savings Account
- High-Yield Savings Account
- Student Savings Account
- Joint Savings Account
Term Deposits and Investment Options
Grow your wealth with UNB’s term deposits and investment options. We have competitive rates on CDs with flexible terms. Our investment products suit different risk levels and goals.
| Product | Term | Minimum Deposit | Interest Rate |
|---|---|---|---|
| Short-Term CD | 3-12 months | AED 10,000 | 2.5% |
| Long-Term CD | 1-5 years | AED 25,000 | 3.5% |
| Fixed Deposit | 1-3 years | AED 50,000 | 4.0% |
Personal Loan Products
UNB offers personal loans with flexible terms and good rates. Need money for home fixes, education, or debt? We have a loan for you.
Our online banking and mobile app make managing money easy. You can check balances, transfer funds, pay bills, and deposit checks. With UNB, managing your finances is simple.
Corporate and Business Banking Portfolio
Union National Bank (UNB) has many UNB business banking services for UAE businesses. It helps both new and big companies grow and succeed financially.
UNB’s main service is corporate accounts. They have online banking, mobile access, and bill pay. This makes it easy for businesses to handle their money.
UNB’s cash management services help with money flow. They offer tools for managing money, paying bills, and getting paid. This helps cut costs and improve cash flow.
UNB also helps with international trade. They offer letters of credit, guarantees, and trade loans. This makes it easier to trade across borders and lowers risks.
UNB has many business loans and credit options. They help with growing, buying equipment, or managing cash. UNB’s loans are made to fit different business needs.
| Service | Key Features |
|---|---|
| Corporate Accounts | Online banking, Mobile access, Bill pay |
| Cash Management | Liquidity management, Receivables solutions, Payables management |
| Trade Finance | Letters of credit, Guarantees, Trade loans |
| Business Loans | Expansion financing, Equipment loans, Working capital solutions |
UNB is a reliable financial partner for UAE businesses. They support growth and financial goals with their wide range of services.
Digital Banking and Technology Innovation
Union National Bank (UNB) is a leader in fintech innovation. It offers top-notch digital solutions for UAE customers. With the banking world moving online, UNB keeps up with its online and mobile banking services.
Online Banking Platform Features
UNB online banking is safe and easy to use. Customers can access their accounts anytime and see their balances right away. They can also send money easily. The site is secure, thanks to strong protection like multi-factor authentication.
Mobile Banking Application
The UNB mobile app makes banking easy. You can check your balance, pay bills, and deposit checks with your phone. It’s designed for people who like using their phones for banking.
Digital Payment Solutions
UNB is all about the future of payments. It offers things like contactless payments and works with e-wallets. These options show how the UAE is moving towards a digital economy.
- 24/7 account access and management
- Secure login with multi-factor authentication
- Real-time transaction updates
- Seamless fund transfers and bill payments
- Mobile check deposit functionality
UNB is all in on digital banking. It’s keeping up with trends and making banking better for UAE customers. This shows UNB’s commitment to staying ahead in the fast-changing financial world.
Mortgage and Real Estate Finance Solutions
Union National Bank (UNB) has many real estate financing options. They help both first-time homebuyers and experienced investors. UNB has solutions for everyone.
Residential Mortgage Options
UNB’s residential mortgages meet different needs. They offer loans up to 25 years with good interest rates. This makes owning a home easier.
Fixed-rate mortgages give you stable rates from 2.75% to 4.25%. They last from 10 to 30 years. Adjustable-rate mortgages offer flexibility with rates from 2.50% to 4.00%.
Commercial Property Financing
UNB helps businesses with strong commercial property loans. These loans are for buying or developing properties. This helps companies grow their real estate.
UNB’s team guides you through the loan process. They help you find the best loan for your business needs.
Construction and Development Loans
UNB offers special loans for construction projects. These loans support all stages of development. From starting to finishing the project, UNB has you covered.
UNB’s construction loans have flexible terms. This helps developers manage their money well during the building process.
