Unity Bank Plc has declared gross earnings of N36.18 billion for the nine-month period ended September 30, 2021, and a 23 per cent growth in profit after tax to N1.94 billion for the same period.
The bank’s Profit Before Tax for the period under review grew by 23 per cent to N2.11 billion from N1.71 billion in the corresponding period of 2020. The lender’s fees and commissions averaged 16 per cent to report an increase of N4.56 billion from N3.92 billion within the period under review, attributable to a dividend of the bank’s strategic retail play, which has boosted transaction volume.
“In addition, she said that while the Bank’s focus on agribusiness has provided both brand and business benefits while the institution has also made significant investment in the development of the retail market in order to grow its market share in various target segments by scaling up operations in the niche market.”