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Home Markets Equities Company Results

Union Bank posts profit after tax of N6.21 billion in Q1 2021.

Chidi Emenike by Chidi Emenike
April 29, 2021
in Company Results, Markets
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Union Bank of Nigeria Plc reports profit of N16.92 billion in 2021

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Union Bank of Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income after impairment charge was N10.19 billion. (-10.5% YoY)
  • Net fee and commission income was N3.06 billion. (-1.64% YoY)
  • Operating income of N24.39 billion. (+0.1% YoY)
  • Total expenses of N17.35 billion. (-3.7% YoY)
  • Profit after tax was N6.21 billion. (+3.2% YoY)
  • Earnings per share from continuing operations of N23 kobo Vs 21 kobo YoY.

See link to results.

Tags: Company Financial ResultsUnion Bank Nigeria Plc
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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