August 28, 2017/InvestmentOne Research UBA released its Q2 2017 results on Thursday, which showed a +25.9% q/q jump in PBT to N32.1bn, its highest quarterly performance over the last three years. Furthermore, PBT was +21.7% higher than our estimates largely due to the non-interest income performance. The bank’s jump in […]
Results & Dividends
United Bank for Africa Plc H1’17 – Earnings Beat as Bank Maintains Strong Earlier Run Rate
Culled—Proshare August 25, 2017/Vetiva Research · Gross Earnings up 35% y/y – 16% ahead of our estimate · Strong FX trading income masks high costs, PAT 10% ahead of estimate · We maintain our 8% loan growth forecast, Ytd 4% · Board declares interim dividend of N0.20 per share – […]
UBA Impressive Performance Despite Opex Pressure, PBT, PAT Expanded 42.86%, 29.79% Y/Y
August 24, 2017/Cordros Research Click here to download full PDF Report This afternoon, United Bank for Africa Plc (UBA) released audited H1 2017 results, wherein gross earnings grew 34.51% y/y, driven by significant growth across income lines – interest income (+44.25%, in line with our estimate) and non-interest revenue (+16.01% […]
