March 31, 2017/InvestmentOne Research

UBN released its Q4 2016 results earlier today.

Please find key highlights of the Q4 2016 results below:

·         Net interest income of N17.0bn, down -0.9% q/q; up +8.2% y/y

·         Profit before tax of N2.5bn, down -45.4% q/q; -51.3% y/y

·         Profit after tax of N2.4bn, down -46.1% q/q; -48.6% y/y

Please click to download a copy of the financial statements.