UBA Earnings Rise 12% to N210 billion in Third Quarter

United Bank for Africa (UBA) Plc, one of Africa’s leading banks, released its financial results for the third quarter, showing a 12% growth in gross earnings rise over same period of last year. Gross earnings grew from N188bn in 2013 to N210 billion for the nine month period ended September 30, 2014.  The bank’s gross earnings received a boost from interest income which rose 12.5% to N149 billion in the same period.


“The rise in gross earnings reflects the increasing business activity across our operations, as we support businesses and institutions with the finance they to need to exploit emerging opportunities on the continent” said Philips Oduoza, Group Managing Director/CEO, UBA Group. 

The operating income of N138 billion for the nine-month period to 30 September, 2014, representing a 6.6% increase over the corresponding period of last year, shows the strong underlying operating efficiency of UBA business globally, and the capacity of the business to remain profitable.   The bank made a profit before tax of N42.54 billion and a profit after tax of N33.6 billion for the period. 

 “We are confident that our performance will continue to improve in the last quarter 2014, with increased contribution to Group Balance sheet from the African subsidiaries,” Oduoza said.


United Bank for Africa Plc is one of Africa's leading financial institutions offering banking services to more than 7 million customers across over 700 business offices in 19 African countries. With presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross border payments, and trade finance
Share on Google Plus

About Blogger@UBA

2 comments:

  1. DO YOU NEED A LOAN TO START UP OR EXPAND YOUR BUSINESS? Zion financial services is a sincere and certified private Loan company approved by the Canada Government, we give out international and local loans to all countries in the world, Amount given out $2,500 to $10 Million. We offer loans with a dependable guarantee to all of our clients. Our loan interest rates are very low and affordable with a negotiable duration.

    Available now are
    MORTGAGE LOANS, PERSONAL, START-UP & EXPANSION OF BUSINESS LOANS AND NEW ARE UNSECURED & SECURE LOANS, CONSOLIDATE LOANS

    Apply for a loan today with your loan amount and duration, Its Easy and fast to get 3% interest rates and monthly installment payments. email us now to apply: zionloanfirm.ltd@aol.com

    TO APPLY CONTACT:
    Peter James
    General Manager
    zion capital investment, Canada
    Email: zionloanfirm.ltd@aol.com

    ReplyDelete
  2. Hello all,

    I am a private lender, i offer loan at 3% this is a legitimate company with honor and difference we are ready to help you out in any financial problem that you are we offer all type of loan so if you are interested in this loan offer kindly contact us on our email: luiosjames@hotmail.com

    Also provide the follow details so that we can proceed with the loan immediately.

    Name:
    Amount needed:
    Duration:
    country:
    Purpose of loan:
    Monthly income:
    Phone number:

    Contact us with the above details on our email: luiosjames@hotmail.com

    Regards to you all.

    ReplyDelete