News Formal

UBA’s gross earnings rise 143%, profit hits N757.7bn

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 75%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

United Bank for Africa (UBA) Plc has recorded a 143 per cent rise in gross earnings to N2.08 trillion in 2023 financial year from N853.2 billion in 2022.

United Bank for Africa Plc has recorded a 143 per cent rise in gross earnings to N2.08 trillion in 2023 financial year from N853.2 billion in 2022.

The banks’ total assets also rose by 90.22 percent, doubling the N10 trillion mark, to close at N20.65 trillion in December 2023; up from N10.86 trillion in 2022. During the 2023 financial year, UBA Group cost-to-income ratio dropped from 59.2%, in 2022, to 37.2 per cent pointing at the Group’s improving efficiency.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FX gains, investment income spur Julius Berger to N12.7bn profit in 2023Nigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

FX gains, investment income spur Julius Berger to N12.7bn profit in 2023Nigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »