Union Bank Reports 14.3% Increase in Q3’18 Pretax Profit

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November 1, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) on Wednesday said its pretax profit for the third quarter (Q3) period ended September 30, 2018 increased 14.3 percent to N14.85 billion from N12.99 billion posted a year earlier.

Profit after tax (PAT) also grew 18.2 percent to N14.66 billion from N12.41 billion declared in the same period of 2017.

Gross earnings of the lender, appreciated to N122.2 billion in the review period of 2018 from N109.5 billion recorded in 2017 Q3; indicating a rise of 11.6 percent, Union Bank said in a filing with the Nigerian Stock Exchange (NSE).

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