Page 368 - Ministry of Economy - December 2017

12/25/2017 Union National Bank is a pillar of the United Arab Emirates economy | World Finance
Last year, the bank took part in numerous CSR
activities, becoming a platinum sponsor of Educate a
Child and joining Earth Hour, which encourages
businesses to turn off non-essential electric lights for
one hour. This was done to promote awareness of
climate change and the greater need for
environmentalism.

A bold expansion
In addition to its CSR activities, UNB has been
ambitious about its future, and has recently made the
bold move to expand in Shanghai, becoming the first
bank from the UAE to open a branch in mainland
China.

Using a foreign-currency licence, UNB will provide
corporate banking services there, as well as trade
finance with Sino-Middle East counterparties that
operate within the increasingly important UAE-
China corridor.

UNB will also continue to promote bilateral
investment opportunities that exist for Chinese
companies in the UAE, especially in contracting and
project finance.

This latest expansion fulfils the organisation’s
decision in 2008 to open a representative office in
China, making it one of the most forward-thinking in
the region.

Executives at the bank believe that the institution’s
success and growth depend on its ability to create
value for stakeholders. UNB achieves this through its
plethora of well-informed products and services,
contribution to economic growth, social initiatives
and careful consideration of the environment.

The bank continually endeavours to address the needs
of its stakeholders, making it one of the finest
institutions in the UAE and beyond.

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