October 23, 2019/Cordros Report ZENITH recently released its unaudited 9M-19 numbers, which was in line with expectations. Gross earnings grew by 3.5% y/y and was supported by non-funded income as interest income growth has remained weak in the year. Consequently, profitability increased by 4.5% y/y. While the bank’s performance was […]
Results & Dividends
Q3 2019: UBA Grows Net Profit By 32.3%, as Gross Earnings hit N428.22 billion
October 22, 2019/UBA Plc United Bank for Africa Plc, the pan African financial institution with a network that spans 20 African countries, the United Kingdom, the USA and with presence in Paris, has announced impressive performance in its unaudited 2019 Third Quarter Financial Results, with significant growth in Gross Earnings, […]
UBA Plc: 9M Earnings Impressive Despite Weak Q3 2019 Performance
Culled—Proshare October 22, 2019/CSL Research UBA recently released its 9M 2019 result wherein Interest income grew by 11% y/y to N297.9bn, albeit declined 13% q/q. The y/y growth was driven by higher Interest Income earned on loans and advances to customers reflecting the growth in Net loans to customer (+13% […]
