Nigeria’s Union Bank said on Thursday its half-year pretax profit fell to 9.8 billion naira ($61.1 mln), down 4.2 percent from 10.2 billion naira last year. Shares in Union Bank, which had gained 63 percent since the start of the year, were trading flat at 12 naira at 1130 GMT. […]
Tag: Union bank
Union Bank Deliberates on Compliance Plan
Union Bank Plc is said to be the latest bank making moves to comply with the Central Bank of Nigeria’s (CBN’s) Regulation No. 3 on “The Scope of Banking Activities and Ancillary Matters.†The board of directors of the bank is deliberating on the bank’s compliance plan. A source at […]
Union Bank’s earnings rise by 33%
Union Bank of Nigeria Plc has recorded a 33 per cent rise in its gross earnings for the financial year ended December 31, 2012. Its full year results, released to the Nigerian Stock Exchange on Monday, showed that gross earnings rose to N112.8bn. The bank’s profit before tax stood at […]
