By Paschal IJEH InvestAdvocate

Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) on Friday said its post-tax profit for the period ended December 31, 2020 declined 6.1 percent to N18.67 billion from N19.87 billion posted a year ago.

Pretax profit of the lender, also dropped 4.1 percent to N19.51 billion from N20.35 billion declared the corresponding period of 2020.

Gross earnings of Union Bank decreased from N166.54 billion in the 2019 year end to N160.29 billion in the review period of 2020, Union Bank said in a filing with the Nigerian Stock Exchange (NSE).

Union Bank proposed a final dividend 0.25 kobo per share same amount paid in 2019 year end after a period of 12 years.

Th lender says closure and payment dates has been scheduled for April 1 and April 13, 2021 respectively.