BUSINESS

UBA Share Price Increases By 1.3% With Total Gain Of N3.4bn

 

United Bank for Africa Plc share price has appreciated by 1.3% as its market capitalization closed the week at N259 billion, gaining a total of N3.4 billion week-on-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, 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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