United Arab Bank PJSC 2024 AR2
The report outlines United Arab Bank's financial and operational performance for the fiscal year 2024, highlighting a 30% increase in net profits before tax to AED 331 million. The bank achieved significant improvements in asset quality, with its non-performing loans ratio dropping below 4% and its credit rating upgraded to investment-grade (Baa3) by Moody's. Additionally, the bank conducted a Double Materiality Assessment to identify nine key ESG topics, including sustainable finance and climate change, and initiated the development of a comprehensive ESG strategy.
Company: United Arab Bank PJSC
Sector: Financials
Country: United Arab Emirates
Year: 2024
Type: AR2
Pages: 51
United Arab Bank PJSC
Annual Report
The report outlines United Arab Bank's financial and operational performance for the fiscal year 2024, highlighting a 30% increase in net profits before tax to AED 331 million. The bank achieved significant improvements in asset quality, with its non-performing loans ratio dropping below 4% and its credit rating upgraded to investment-grade (Baa3) by Moody's. Additionally, the bank conducted a Double Materiality Assessment to identify nine key ESG topics, including sustainable finance and climate change, and initiated the development of a comprehensive ESG strategy.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
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:
Women on Board