By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Unity Bank Plc on Thursday reported its pretax profit for the period ended December 31, 2015 declined 82.8 percent to N2.34 billion from N13.63 billion recorded a year ago.

Similarly, profit after tax (PAT) dropped 56.1 percent to N4.68 billion from N10.69 billion posted the same period of 2014.

Interest and similar income of the mid-tier bank went from NN62.63 billion in 2014 end to N62.71 billion in the review period of 2015; showing a marginal increase of 0.12 percent, Unity Bank said in a filing with the Nigerian Stock Exchange (NSE).

However, shares of the bank at the close of the session on the Nigerian bourse climbed up 4.17 percent to 0.75 kobo from 0.72 kobo reported the previous session; increasing by 0.03 percent.

Click here to download Unity Bank Plc Annual Report December 31, 2015