October 22, 2019

By Pascal IJEH InvestAdvocate

Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) on Monday reported a post-tax profit of N81.63 billion in its third quarter report ended September 30, 2019 compared to N61.69 billion recorded the same period of 2019.

Pre-tax profit of the Bank also grew 24.2 percent to N98.23 billion from N79.11 billion posted in the third quarter period of 2018.

Gross earnings of UBA grew 5.5 percent to N158.91 billion from N150.69 billion declared the corresponding period of 2018, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Net Assets also grew by 1.9 percent to N4.96 billion from N4.87 billion as at September 30, 2019.