United Bank for Africa (UBA) Plc has recorded a profit after tax of N335.53 billion for the half-year ended June 30, with gross earnings rising to N1.608 trillion.
The bank disclosed the results in a filing to the Nigerian Exchange Limited (NGX) on Thursday.
Gross earnings rose by 17.28 percent to N1.608 trillion, compared to N1.371 trillion in June 2024.
Interest income grew by 32.89 percent from N1.003 trillion to N1.334 trillion.
Total assets increased by 9.71 percent to N33.3 trillion, while customer deposits rose by 11.9 percent to N27.6 trillion.
Profit after tax stood at N335.53 billion, up from N316.36 billion in June 2024, representing a 6.06 percent growth.
However, profit before tax declined from N401 billion to N388 billion.
Shareholders’ funds increased by 23 percent to N4.22 trillion, up from N3.41 trillion in December 2024.
UBA’s Group managing director/chief executive officer, Oliver Alawuba, said the results reflected customer trust and the resilience of the bank’s business.
He noted that Phase I of the bank’s ongoing Rights Issuance Programme was completed, raising N234.3 billion to boost capital. Phase II is underway.
UBA’s executive director of finance & risk management, Ugo Nwaghodoh, said deposits expansion supported balance sheet growth and that capital adequacy and liquidity ratios remained above regulatory thresholds.
The bank said its focus for the rest of 2025 is to grow market share, expand digital-led income streams and maintain disciplined risk management.
UBA, which operates in 20 African countries, also has presence in New York, London, Paris and Dubai.United Bank for Africa (UBA) Plc has recorded a profit after tax of N335.53 billion for the half-year ended June 30, with gross earnings rising to N1.608 trillion.
The bank disclosed the results in a filing to the Nigerian Exchange Limited (NGX) on Thursday.Nigerian actress merchandise
Gross earnings rose by 17.28 percent to N1.608 trillion, compared to N1.371 trillion in June 2024.
Interest income grew by 32.89 percent from N1.003 trillion to N1.334 trillion.
Total assets increased by 9.71 percent to N33.3 trillion, while customer deposits rose by 11.9 percent to N27.6 trillion.
Profit after tax stood at N335.53 billion, up from N316.36 billion in June 2024, representing a 6.06 percent growth.
However, profit before tax declined from N401 billion to N388 billion.
Shareholders’ funds increased by 23 percent to N4.22 trillion, up from N3.41 trillion in December 2024.
UBA’s Group managing director/chief executive officer, Oliver Alawuba, said the results reflected customer trust and the resilience of the bank’s business.
He noted that Phase I of the bank’s ongoing Rights Issuance Programme was completed, raising N234.3 billion to boost capital. Phase II is underway.
UBA’s executive director of finance & risk management, Ugo Nwaghodoh, said deposits expansion supported balance sheet growth and that capital adequacy and liquidity ratios remained above regulatory thresholds.
The bank said its focus for the rest of 2025 is to grow market share, expand digital-led income streams and maintain disciplined risk management.
UBA, which operates in 20 African countries, also has presence in New York, London, Paris and Dubai.