UBA Says Q3 2020 Gross Earnings Rise +6.0% to N454.4 Billion

October 22, 2019

By Pascal IJEH InvestAdvocate

Kennedy Uzoka, Group Managing Director/CEO, United Bank for Africa Plc

Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) on Friday reported a rise in gross earnings of +6.0 percent to N454.39 billion in its third quarter report ended September 30, 2020 compared to N428.74 billion recorded the same period of 2019.

The bank recorded a profit before tax (PBT) of N90.37 billion compared to N98.23 billion posted in the third quarter period of 2019.

Profit after tax (PAT) of UBA in the review period stood N77.13 billion compared to N81.62 billion declared the corresponding period of 2019, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Net Assets also grew by 9.6 percent to N655.32 billion in the review period from N597.97 billion as at September 30, 2019.

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