UBA H1 Year 2019 Tony Elumelu, United Bank for Africa

United Bank for Africa Plc reported a 9.3% increase in its interest income for the half-year period ended June 30, 2019.   

This was disclosed in the company’s H1 2019 financial statements published earlier today on the website of the Nigerian Stock Exchange.    

Interest income: The bank’s interest income for the period stood at N204.8 billion, compared to N187.2 billion recorded in 2018, representing a 9.3% increase.    

[READ MOREFidelity Bank reports 12.3% increase in gross earnings for H1 2019  

Profit Before Tax: This went up by 20.8% to N70.2 billion during the period under review, compared to N58.1 billion in June 2018.      

Profit After Tax: Similarly, the bank’s profit after tax stood at N56.7 billion as against N43.7 billion which was recorded during the same period in June 2018; representing a 29.5% increase.  

Earnings Per Share (EPS) stood at N1.23 in 2018 compared to N1.62 in 2019.    

[READ ALSOUBA reports N78.6bn PAT for FY 2018  

Major assets were derived from Cash and balances, financial assets at fair value through profits or loss, derivative assets, investments securities.   

Deal book 300 x 250

 

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