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UBA consolidates with 110% growth in gross earnings

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The Nation Newspaper UBA consolidates with 110% growth in gross earnings

Key extracts of the interim report and accounts of UBA for the first quarter ended March 31, 2024 released at the Nigerian Exchange showed that gross earnings rose by 110 per cent while pre and post profits grew by 155 per cent and 165 per cent respectively.Gross earnings doubled from N271.1 billion in first quarter 2023 to N570.2 billion in first quarter 2024. The top-line performance was driven by strong growth in the core banking operations with interest income rising by 130 per cent to N440.

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UBA posts 110% rise in gross earnings in Q1United Bank for Africa Plc (UBA) has posted gross earnings of N570.2 billion in its First quarter 2024 operations against N271.1 billion recorded in the corresponding period in 2023.
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