September 30, 2024/Cordros Report United Bank for Africa (UBA) released their H1-24 interim financials today (30 September), showing an 18.7% y/y decline in EPS to NGN8.90 (H1-23: NGN10.95). The decrease in the group’s EPS is attributable to the lower non-core income (-43.1% y/y) recorded, undermining the growth in the group’s […]
Results & Dividends
UBA H1 2024: Loss on Derivatives and High OPEX weigh on H1 Profit
September 30, 2024/CSL Research UBA’s H1 2024 audited numbers showed a strong 134.3% y/y growth in Interest Income to N1,003.6bn driven mainly by growth in Interest Income on Investment Securities and loans. Q/q, Interest Income was up 27.7% in Q2 2024 compared with Q1 2024. Net Loans to customers grew […]
UBA Plc H1 2024: Loss on Derivatives and Higher Costs Weigh on Profit
September 30, 2024/InvestmentOne Report According to the H1’2024 financial report released by United Bank for Africa (UBA); the bank recorded a modest performance across major income lines amidst the headwinds in the local economy. In specifics, interest income rose by 134.32% YoY to NGN1.00trn, mirroring the prevailing high yield environment […]
