Wednesday, 12 October 2016

UBA grows profit to N62billion in nine months

Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity.
The Bank recorded an appreciable growth in both funding and fee income lines.
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