By InvestAdvocate

Lagos (INVESTADVOCATE)-Mid tier lender, Unity Bank Plc said on Wednesday its pretax profit for the period ended December 31, 2016 dropped 22.5 percent to N1.82 billion from N2.34 billion posted a year ago.

Also, profit after tax (PAT) of the mid-tier bank declined 53.4 percent to N2.18 billion from N4.68 billion declared in the 2015 audited year end.

Gross earnings of UNITYBANK 7.5 percent to N84.01 billion from N78.17 billion recorded the same period of 2015, the lender said in a filing with the Nigerian Stock Exchange (NSE).