By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Unity Bank Plc said on Monday its pretax profit for the half-year (H1) period ended June 30, 2016 dropped 70.2 percent to N2.61 billion from N8.77 billion declared a year ago.

Similarly, profit after tax (PAT) of the bank declined same margin of 70.2 percent N2.35 billion from N7.89 billion posted the same period of 2015.

Gross income of Unity Bank dropped 35.1 percent to N21.7 billion from N33.5 billion reported a year earlier, the mid-tier lender said in a filing with the Nigerian Stock Exchange (NSE).