UBA Appreciates By 5.3% With N273.5bn Profit


United Bank for Africa Plc share price has appreciated by 5.3% to close the week at N8.00, with its market capitalization at N273.5 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.

The bank’s 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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