BUSINESS

UBA Closes Trading Week With N277bn Market Capitalization

 

United Bank for Africa has closed the trading week at N277 billion market capitalization.

Its share price depreciated by 3.0% making it to lose N8.5 billion week-to-week.

UBA Plc 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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