Tag
UNION BANK
News and analysis about Union bank
The rise in interest expense reflects the banks present struggles with generating low-cost deposit.
Union Bank has solidified its position as Nigeria’s most trusted financial partner.
While the agitation for better representation continues, it is important to bear in mind that the issue is not merely about increasing the numbers but getting the perfect fit for the positions.
Banks these days have the digital options that allow their customers to manage the vast majority of banking needs without leaving their homes.
The Nigerian bourse fell slightly to open the week, as the Nigerian All Share Index/Market Capitalization declined by 0.12%.
The banking sector may experience another wave of consolidation as there have been rumours that some Tier 1 banks may be acquiring smaller banks.
The stocks performances revealed that all banking stocks recorded a dip in their stock prices.
Union Bank has just released the audited financial statement for full-year 2019 which shows an improvement, as profit grew by 10.3%
Connect Nigeria will be holding this year’s annual business fair at Tafawa Balewa square on the 6th and 7th of March 2020.
The Nigerian stock market dipped by N52.1billion, as the market capitalisation of equities dropped from N14.70 trillion on monday to N14.65 trillion as at close of trading on Tuesday.
Union Bank has downsized its business after its United Kingdom subsidiary was sold to MBU Capital Limited.
Ikeja Hotel, Chams Plc, Cadbury Nigeria Plc, Royal Exchange and Union Bank led the gainers on the floor of Nigeria Stock Exchange today.