UBA records 110% rise in gross earnings to N570bn

United Bank for Africa Plc has achieved a 110 percent Year-on-Year rise in gross earnings to N570.2 billion in the first quarter of 2024 as against N271.1 billion recorded in the same period in 2023 .

Commenting on the results, UBA’s Group Managing Director, Oliver Alawuba, said the Group delivered strong first quarter performance, building on the solid momentum of 2023, as well as the ongoing execution of its long-held strategy of customer focus, geographic diversification and effective risk management and governance.

“The Group’s balance sheet grew steadily with total assets increasing by 23 percent to N25.4 trillion. Customer deposits closed at N18.4 trillion, recording a 23 percent increase year-on-year, largely attributed to growth in current accounts and savings accounts.

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