BUSINESS

UBA Maintains Share Price Of N7.3 As Market Cap Remains At N249.6bn

The United Bank for Africa (UBA) Plc share price has remained unchanged during the week, maintaining a share price of N7.3 as of Friday.

Also, the bank’s market capitalization remained at N249.6 billion amid sell-offs and buy-interests at the end of the trading week.

NewsBeatng reports that the bank released its Q3 2022 financial statements, revealing that net interest income appreciated by 29% to N105 billion from N81.1 billion, while total assets grew to N9.31 trillion from N8.45 trillion recorded during the comparable period in 2021.

In addition, the company’s profit after tax rose by 3.85% to N45.708 billion from N44.014 billion in the same period of 2021.

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