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If you wish, we could undertake to call for, and arrange, your company's Annual General Meetings or Extraordinary General Meetings. We can also manage your company's dividend payout to your shareholders.
Balance / Audit Confirmation
If you so request, we will certify your account balance or directly provide confirmation of your balances to your statutory auditors.
To help facilitate transactions through your current accounts, we issue cheque books which can be customised as per your specifications, if required.
Credit Information Report
Should you wish to obtain a credit information report on a business associate, we can arrange to obtain one but without our risk and responsibility as a customary, and according to prevailing regulations and banking practices.
To facilitate transfer of foreign currency funds, we can issue demand drafts in favor of your business associates based elsewhere, if requested.
If your company is registered with the Abu Dhabi Securities Exchange (ADX) or the Dubai Financial Market (DFM) we can, if your wish, undertake to dematerialize your company's share certificates from their physical form to electronic shares instead.
We are equipped to handle your company's Initial Public Offering (IPO) of shares.
This involves:
1. Receiving applications for subscriptions
2. Receiving and processing collections
3. Applying formula and distribution of shares
4. Reconciliation
5. Allotment and/or refund
Interactive Voice Response System
We provide you a fully automated telephone system that allows you to make various standard enquires and requests, provided you have logged on using pre-designated telephone identity. If at any stage you wish to talk to the Bank's officials, the call can be easily routed to one of our Customer Service Agents.
Our Treasury offers a brokerage service for global equities with competitive commission rates, along with research, portfolio design, risk management, asset allocation and innovative investment strategies. Prompt and efficient execution is guarantee. And in-house capital markets team is available seven days a week.
You can access your bank accounts at your convenience through "Uninet", our Internet based online banking service, to make account enquiries or to transact.
Outward Clearing/Inter-City/Clean Collections
If you have any cheques made in your favor but drawn on banks other than Union National Bank, you can deposit them with us and we will credit the proceeds to your account upon realisation of the funds.
If you require any local currency payments to be made within the same City, we issue a Pay Order (sometimes called a Bankers' Cheque or Cashiers' Order) in favor of 3rd parties, as requested by you, which are payable at any branch of UNB.
We can make your life more convenient by taking over the task of disbursement of monthly salaries and wages at your company's staff accounts which can be opened with us. Just let us know your payroll details and we will do the rest.
We offer a comprehensive range of share registry services covering:
1. Maintenance of shareholders' register
2. Issuance of share certificates in the post-IPO scenario
3. Transfer of shares
4. Issuance of bonus shares
5. Issuance of dividend warrants
6. Payments of dividends
One of the fastest means of funds transfer whereby designated accounts can be electronically credited anywhere in the world by wire.
Our Treasury is a prime provider of UAE Financial Market research and stock indices data as well as U.S. economic and interest rate outlook. Advice on currency movement as well as financial conditions in major currencies is available at your behest.
Standing Order Instructions
You can give us instructions to automatically make payments at regular intervals, as specified, without referring to you. Of course, your instructions can only be carried out subject to availability of funds on the due dates. This method insures that routine payment are regularly processed, thereby saving you time and potential embarrassment from forgetting any important payments.
We offer a full range of foreign exchange and money market services in all major and regional currencies. Transactional services (both fixed and optional) are available on spot and forward basis on competitive terms with a 24 hours order watch facility. Highly professional and skilled personnel are available to provide advisory services customised to your own particular FX hedging and risk management needs.
UNB has established "Union Brokerage Company", a 100% subsidiary operating as a broker in both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM). We can process your buy and sell orders for companies listed on ADX and DFM. For companies which are not listed, we will deal with all activities on the OTC market instead.
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