UBA Increases Profit by 31% to N201 billion.

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United Bank for Africa said that its 2022 financial period saw a N201 billion profit before taxes. This information was provided by the bank in a statement titled “Full year 2022: UBA produces good performance as profit hits N201bn” that was included with its audited financial statements for the entire year that concluded on December 31, 2022.

According to the report, “UBA recorded a laudable profit before tax, with a 31.2 percent growth, to close the year under review at N200.8 billion, up from N153.01 billion recorded at the end of the 2021 financial year; while profit after tax grew by 43.5 percent to N170.2 billion in 2022, compared to N118.7 billion recorded the year before. As a result, as of December, UBA Group shareholders’ funds were N922.1 billion.

Punch

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