United Arab Bank PJSC 2023 IR
The report highlights United Arab Bank's financial and sustainability performance for the fiscal year 2023. The bank achieved a net profit of AED 255 million, representing a 65% increase from the previous year, driven by asset growth and prudent risk management. On the ESG front, the bank introduced green sustainable finance products, including Green Auto and Green Home Loans, and integrated ESG risk considerations into its Wholesale Banking processes. Additionally, the bank reduced its paper consumption by 42% and continued its partnership with the Storey Group to plant mangrove trees in Sharjah, UAE.
Company: United Arab Bank PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 72
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United Arab Bank PJSC
Integrated Report
The report highlights United Arab Bank's financial and sustainability performance for the fiscal year 2023. The bank achieved a net profit of AED 255 million, representing a 65% increase from the previous year, driven by asset growth and prudent risk management. On the ESG front, the bank introduced green sustainable finance products, including Green Auto and Green Home Loans, and integrated ESG risk considerations into its Wholesale Banking processes. Additionally, the bank reduced its paper consumption by 42% and continued its partnership with the Storey Group to plant mangrove trees in Sharjah, UAE.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 8, 2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees