August 26, 2016/Cordros Research Access Bank Plc (ACCESS) released its half year 2016 earnings report earlier on the 19th of August 19, 2016. The Bank reported an EPS of N1.61, up from N1.36 in the previous year. The result outperformed our estimate, with PBT growth of 27.9% and RoAE of […]
Results & Dividends
UBA H1’16: Earnings Resilient; PBT Up 3.1% y/y
August 26, 2016/Cordros Research United Bank of Africa (UBA) released its half earning yesterday evening. Annualized EPS was N1.88 (H1’15: N1.88) ahead of consensus and our estimate of N1.49 and N1.40 respectively, while RoAE was 18.03% versus our estimate of 14.8%. The bank declared a N0.20 dividend (H1’15: N0.20) with […]
UBA Says H1 2016 Pretax Profit Rise 3.1% to N40.3 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, United Bank for Africa Plc said on Thursday its pretax profit for the period ended June 30, 2016 rose 3.1 percent to N40.27 billion from N39.04 billion recorded a year ago. Similarly, profit after tax (PAT) climbed up 1.9 percent to N32.62 billion from […]
