By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOVCATE)-Nigeria’s mid-tier lender, Unity Bank Plc said last week its pretax profit for the period ended September 30, 2015 went down 14 percent to N10.347 billion from N12.018 billion recorded a year earlier.

In the same vein, profit after tax (PAT) decreased 15.77 percent to N9.313 billion from N11.057 billion reported in the same period of 2014.

Gross earnings  of Unity Bank inched up from N49.200 billion in the Q3 of 2014 to N48.140 billion; indicating a 2.20 percent growth, according to the lender in a filing with the Nigerian Stock Exchange (NSE).

Shares of Unity Bank at the close of the week’s trading on the Nigerian bourse dropped 11.69 percent to N1.36 from N1.54 traded the previous week.