UBA hits gross earning of N374b

United Bank for Africa Plc announced unaudited financial results for the third quarter of 2008 for 2008 with impressive gross profit growth of $ 374.8 billion. USA.

Productivity is 12.3%, compared to the same period in 2017 of N333.9 billion.

From left to right: Managing Director / CEO of United Bank for Africa (UBA) Plc, Mr. Kennedy Uzoka; Chairman of the Group, Mr. Tony Elumela; Company Secretary Mr. Bily Odum and Deputy Group Director General Mr. Victor Osadolor at the 56th Annual General Meeting of the Bank, held in Lagos,

According to the bank’s report on the Nigerian Stock Exchange (NSE), UBA's net operations grew by 1.7 percent compared to the same period last year to N227.7 billion. Compared to N224 billion achieved in the same period in 2017.

UBA operating expenses rose by 2.3% to N149.1 billion, compared with N145 billion registered for the same period last year.

The bank posted a profit before tax of $ 79.1 billion. USA, while the profit after tax amounted to 61.7 billion dollars. USA.

In local media reports, it is noted that the profit figures reflect the annual income of the bank on average capital at 16% and 20% in terms of profit before tax and after tax, respectively.

The report added that the bank continues to maintain a very strong balance sheet with total assets of 4.51 trillion, which is 10.8% more than last year, compared with total assets of N4.07 trillion registered as of December 2017.

The report says that the Managing Director / CEO of UBA Plc, Mr. Kennedy Uzoka, said: “We achieved a number of strategic imperatives during the quarter and invested more in the future of business, creating a solid foundation for a sustainable and excellent return to our shareholders.

Narrow said he was pleased that during the quarter, WhatsApp had successfully launched Leo, a virtual banking blog that debuted on Facebook earlier this year.

“This new channel offering, which allows our customers to carry out their banking operations with simple chat commands, is another major initiative in our package. Early payments are quite attractive — recent customer acquisitions and broader transaction volume growth are exciting leading figures that strengthen our confidence in these new channels, ”he said.

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.9&appId=1281965775160257”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
//Facebook
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.4&appId=513460408765074”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

Source link

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More