UBA Group Posts 47.5% Growth In Gross Earnings, Profit Hits N61.4bn

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its unaudited results for the first quarter ended March 31st, 2023, recording remarkable

“We have continued to record improved gains in our customer acquisition and retention strategies across our countries of presence, evident in the 10.5 per cent growth in customer deposits to N8.6 trillion from N7.8 trillion at the end of 2022FY. This has enabled the Group drive increased loan growth and interest income, with loans to customers at N3.6 trillion, representing a year-to-date increase of five per cent.

“The impressive performance of UBA Group in first quarter 2023 is hinged on its continuous improvement and growth in gross earnings and balance sheet size as gross earnings grew by 47.5 per cent year-on-year to N271.2billion and total assets up by 4.6 per cent to N11.4 trillion from N0.9 trillion as at December 2022, “ Nwaghodoh stated.

 

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Go and upgrade your facilities stop deceiving us.

Why would they not post a profit when all our money has been missing. I swear e no go better for uba oo.

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